Palo Alto Networks shares rise in extended trading after AI cybersecurity results
Shares of Palo Alto Networks rose in extended trading after the company reported fiscal fourth-quarter results, as CEO Nikesh Arora cited enterprise cyber threats and AI adoption as durable tailwinds.
Story updates
08:51:26 PM UTC
SquawkNews
PANW stock has given up its prior gain. Palo Alto Networks shares were trading higher after the company reported better-than-expected Q4 financial results and issued Q1 guidance above estimates. Also, the company issued FY27 guidance above estimates.
09:00:14 PM UTC
SquawkNews
Palo Alto Networks NASDAQ:PANW beat fourth-quarter earnings estimates on Tuesday and announced the acquisition of AI-native platform Console, saying advances in artificial intelligence are making cybersecurity a higher priority for corporate technology leaders.Here are more details
By Christine Ji and Hannah PedoneEnterprise cyber threats and AI adoption are giving Palo Alto Networks 'durable tailwinds,' according to CEO Nikesh AroraShares of Palo Alto Networks rose in extended trading after the AI cybersecurity company reported results for the fiscal fourth quarter.As artifi…