Robert Way Overview Cybersecurity is important for companies, and threats grow each year. Nine out of ten companies say that cybersecurity risks are growing. I find this industry attractive because it is recession-proof: even if there are headwinds, companies won't stop protecting themselves and their clients' data from cyberattacks. Inside the industry, one of the most interesting companies is Palo Alto Networks (NASDAQ:PANW). Palo Alto is one of the biggest companies in the cybersecurity space. Historical ...

The cybersecurity giant's pivot to a new growth strategy shows promise.Shares of cybersecurity powerhouse Palo Alto Networks (PANW 3.26%) experienced a resurgence in recent weeks, rising past $300. That is, until May 20, when the company reported earnings for its fiscal third quarter, which ended April 30.Suddenly Palo Alto Networks stock plunged. Does this create a buying opportunity? Perhaps the drop signals a reason to avoid the stock? Answering these questions requires taking a deeper look into Palo Alt ...

Palo Alto Networks provided great detail on developments of the enormous strategic initiative it implemented in the previous quarter.Fool.com contributor Parkev Tatevosian elaborates on what the news could mean for Palo Alto (PANW 3.26%) stock investors.*Stock prices used were the afternoon prices of May 22, 2024. The video was published on May 24, 2024. ...

Investors were once again scrutinizing the company's billings guidance.Palo Alto Networks (PANW 0.93%) shares traded 6% lower following the company's fiscal third-quarter earnings report, although the drop was relatively calm compared to the nearly 30% drop the stock saw when it reported its fiscal second-quarter results in February.Let's look at the cybersecurity company's most recent results, whether its new strategy is showing signs of working, and whether it's time to buy the stock.Billing guidance disa ...

Artificial intelligence is changing the way businesses need to think about cybersecurity.A few months ago, cybersecurity giant Palo Alto Networks (PANW 0.93%) said it was observing a tenfold increase in email-based phishing attacks compared to last year. The reason? Generative artificial intelligence (AI) has accelerated the rate at which malicious actors can craft realistic content to trick employees into handing over sensitive information. But that's only one way AI is shifting the threat landscape, and P ...

SANTA CLARA, Calif., May 23, 2024 /PRNewswire/ -- Palo Alto Networks (NASDAQ: PANW), the global cybersecurity leader, announced today that members of its management team will be presenting at the following financial community event:Bank of America 2024 Global Technology ConferenceTuesday, June 4, 20247:50 a.m. PDTAdditional information about upcoming investor event participation and a live audio webcast of each presentation will be accessible from the "Investors" section of the Palo Alto Networks website at ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Palo Alto Networks. The Motley Fool has a disclosure policy.Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Palo Alto Networks (PANW) stock is down 9% despite a double beat.In this video, I will go over Palo Alto Networks' (PANW -3.10%) earnings report and explain why the stock is down despite a double beat.*Stock prices used were from the trading day of May 20, 2024. The video was published on May 20, 2024. ...

Palo Alto Networks, Inc. (PANW) reported better-than-expected results for the third quarter of fiscal 2024. The company reported non-GAAP earnings of $1.32 per share for the third quarter, which beat the Zacks Consensus Estimate of $1.25. The bottom line improved 20% from the year-ago quarter’s non-GAAP earnings of $1.10 per share and came above the company’s earlier guidance range of $1.24-$1.26.Palo Alto’s third-quarter revenues of $1.98 billion beat the Zacks Consensus Estimate of $1.97 billion and rose ...

Key PointsPalo Alto Networks stock price dipped on a surge in billings that have no bearing on company health or future growth.Guidance was narrowed to a range bracketing the consensus; guidance expects 10% to 11% revenue growth in Q4. Analysts are raising their targets and leading this market to retest its all-time high. 5 stocks we like better than Palo Alto NetworksPalo Alto Networks' NASDAQ: PANW share price is down more than 5% following its FQ3 release, which provides an attractive buy-the-dip opportu ...