.August 20, 2024 03:36:57 AM

Palo Alto Networks (NYSE:PANW) reported adjusted earnings of $1.51 per share, surpassing Wall Street expectations. The company’s strong performance reflects the increasing demand for cybersecurity solutions and its competitive position in the market. Scotiabank upgraded Palo Alto Networks to Outperform, raising its price target from $337 to $385, signaling confidence in the company’s future prospects. This positive news comes at a time when cybersecurity is a top priority for businesses and governments globally, highlighting Palo Alto Networks’ ability to exceed analyst predictions and attract investors and customers.