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Palo Alto Networks Raises Profit Outlook, Citing AI Demand

Palo Alto Networks headquarters in Santa Clara, California.

Bloomberg Technology 8d ago

Palo Alto Networks pops 12% on earnings beat as AI fuels cybersecurity urgency

Palo Alto Networks surpassed Wall Street's fiscal third-quarter results as artificial intelligence threats drive demand for sophisticated cybersecurity tools. Here's how the company did versus LSEG estimates: - Earnings per share: 85 cents adjusted vs. 80 cents expected - Revenue: $3.00 billion vs. $2.94 billion expected Revenue grew 31% from a year ago, including $388 million from its recent CyberArk and Chronosphere acquisitions, the cybersecurity company said. The company reported a net...

CNBC 8d ago

Palo Alto Networks’ stock is rising as earnings show AI is a friend, not a foe

The “latest advancements at the AI frontier have increased the level of urgency around cybersecurity,” Palo Alto Networks’ CEO said.

MarketWatch 7d ago

Three reasons Palo Alto Networks’ stock is falling in the face of upbeat earnings

Analysts attribute the stock drop to profit-taking, the timing of AI contributions and changes to reporting conventions.

MarketWatch 7d ago

Why we're not discouraged by CrowdStrike and Broadcom selling. Context is everything

There is no denying that waking up Thursday morning to the post-earnings declines in CrowdStrike and Broadcom is painful. It was also painful to see a similar sell-off in Palo Alto Networks in the prior session. In fact, Palo Alto stock is now riding a three-session losing streak.

CNBC 6d ago

We're upping our Palo Alto price target after strong earnings vanquish AI disruption fears

Palo Alto Networks reported a strong beat-and-raise quarter Tuesday night, putting to rest any lingering doubt that it will be disrupted by artificial intelligence. The stock was volatile in after-hours trading, but considering its blistering rally into earnings, it's not surprising to see this kind of reaction. Revenue for the company's fiscal 2026 third quarter increased 31% year over year to $3 billion, exceeding the Wall Street consensus estimate of $2.94 billion, according to LSEG.

CNBC 7d ago

Tech company whose CEO’s pay has been rejected the most number of times in Corporate America

Palo Alto Networks' shareholders have reportedly rejected its CEO's pay package more times than investors at any other company in Corporate America. According to a report by Bloomberg, shareholders of the cybersecurity company have voted against executive compensation proposals seven times since 2015, the highest number of failed "say-on-pay" votes among companies in the S&P 500 Index. In December 2025, less than half of Palo Alto shareholders voted in favour of compensation packages for...

Times of India 7d ago

Palo Alto raises annual forecasts on strong AI cybersecurity demand, shares surge

Palo Alto raises annual forecasts on strong AI cybersecurity demand, shares surge June 2 : Palo Alto Networks raised its annual revenue and profit forecast on Tuesday, as enterprises increased spending on cloud, identity and AI-driven cybersecurity products amid a rising threat landscape, sending shares up 7.4 per cent in extended trading. Here are some details on the results: • Santa Clara, California-based Palo Alto expects revenue of $11.415 billion to $11.425 billion for fiscal 2026,...

Channel News Asia 7d ago

Palo Alto CEO says customer meeting requests have surged amid AI security concerns

Palo Alto Networks CEO Nikesh Arora said artificial intelligence is making cybersecurity more important as increasingly sophisticated AI-powered attacks force companies to strengthen their defenses. "I think we declared the 'SaaSpocalypse' dead for cybersecurity officially," Arora said on CNBC's "Mad Money" on Tuesday, referencing investor concerns earlier this year that software-as-a-service, or SaaS, companies would be disrupted by AI models. Palo Alto reported stronger-than-expected...

CNBC 7d ago

Mythos rejuvenated the cybersecurity sector. Earnings put the recent rally to the test

Anthropic's Mythos model offered a much-needed lifeline to cybersecurity firms in the age of artificial intelligence. Yet, this week's cybersecurity earnings offered a brutal reminder that even with tailwinds, sometimes good just isn't good enough as shares of CrowdStrike and Palo Alto Networks lost 8% and 3%, respectively. "People probably got a little over their skis," said Joseph Gallo, a software analyst at Jefferies.

CNBC 5d ago