Malicious hackers have compromised potentially thousands of organizations by exploiting two new zero-day vulnerabilities found in widely used software made by cybersecurity giant Palo Alto Networks.
Palo Alto Networks Inc (NASDAQ: PANW) reported a strong first quarter and raised its full-year guidance last night. However, shares of the cybersecurity company are still down over 3% at press time.
Palo Alto Networks shows mixed results; growth rates are not upwardly revised, but the company boasts a strong balance sheet and solid free cash flow. PANW's valuation at 29x forward free cash flow is not cheap, but its integrated security platform and high free cash flow margins are positives. Despite competition from CrowdStrike and others, PANW's platformization strategy and strong financial...
Palo Alto Networks, Inc. (NASDAQ:PANW ) Q1 2025 Earnings Call Transcript November 20, 2024 4:30 PM ET Company Participants Walter Pritchard - SVP of IR and Corporate Development Nikesh Arora - Chairman and CEO Dipak Golechha - CFO Lee Klarich - CPO Conference Call Participants Saket Kalia - Barclays Brad Zelnick - Deutsche Bank Hamza Fodderwala - Morgan Stanley Brian Essex - JPMorgan Joe Gallo ...
Palo Alto Networks beat Wall Street expectations for first-quarter revenue and profit on Wednesday, owing to healthy spending for its cybersecurity services amid a rise in digital threats.
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