Adobe tops a list of software companies ranked by cash generation, while sector heavyweights Microsoft and Oracle are at the bottom.
Palo Alto Networks paid $500 million in cash and stock to acquire Console, a two-year-old startup that uses AI agents to automate routine IT help desk tasks, according to two people with knowledge of the deal.
Palo Alto Networks Inc (NYSE:PANW, XETRA:5AP) shares fell 10% Wednesday even after the cybersecurity company beat expectations across key fourth-quarter metrics and issued fiscal 2027 guidance above Street estimates. The company reported next-generation security (NGS) annual recurring revenue of $9.1 billion, up 63% year-over-year, topping the Street's $8.86 billion estimate and including nearl...
Palo Alto Networks shares are tumbling Wednesday even though the cybersecurity software maker's fiscal fourth-quarter results beat analysts' estimates.
Palo Alto Networks PANW stock fell 8.3% on Wednesday despite the cybersecurity company reporting stronger-than-expected fiscal fourth-quarter revenue and adjusted earnings, along with an upbeat outlook for fiscal 2027. The company reported fiscal fourth-quarter revenue of $3.41 billion, up 34% from the prior-year period and above Wall Street expectations of $3.35 billion, according to FactSet.
Dell's second-quarter earnings top expectations thanks to the AI boom, but Palo Alto Networks slips as investors take profit.
Palo Alto Networks CEO Nikesh Arora said AI is forcing companies to modernize roughly $1 trillion of aging cybersecurity infrastructure that isn't equipped for attacks moving at machine speed. He said the AI threat is extending cybersecurity's growth runway.