Palo Alto Network stock has gone parabolic this year, helped by the belief that the ongoing AI boom will lead to more demand for cybersecurity tools. PANW jumped to a record high of $332, up by 137% from its lowest level this year.
Palo Alto Networks CEO Nikesh Arora said 90% of enterprise employees aren't "AI savvy." The cybersecurity CEO said the struggle is how to overhaul workforces to meet the moment.
SANTA CLARA, Calif., ARMONK, N.Y. & RALEIGH, N.C.--(BUSINESS WIRE)--Palo Alto Networks, IBM, and Red Hat collaborate to help organizations identify and protect against software vulnerabilities earlier.
If one were to build a word cloud of what the average investor associates with SpaceX, it would look something like: rockets, Elon Musk, Starlink, Mars. Somewhere in there, in a small font, you'd find xAI.
CrowdStrike and Palo Alto Networks reported strong results this week and gave upbeat guidance, but shares fell. Investors wanted to see more signs of an AI payoff after Anthropic's Mythos brought renewed interest to the sector.