From Nasdaq: 2024-04-12 09:33:00

Palo Alto Networks introduces advanced Cloud Detection and Response capabilities in Cortex XSIAM for improved cloud security operations. The platform offers the industry’s first SOC optimized for cloud environments, empowering analysts with real-time monitoring and response capabilities tailored to cloud threats.

With a focus on boosting product capabilities, Palo Alto Networks leverages research and development to innovate cybersecurity solutions like Cortex XDR and form strategic partnerships with leading cloud providers. The company’s commitment to cloud security solutions positions it well for growth amidst increasing cloud migration by organizations.

Palo Alto Networks reports strong financial results with a 19% year-over-year revenue increase and a 39% jump in non-GAAP EPS for Q2 of fiscal 2024. The company’s focus on product innovation, subscription-based services, and strategic investments drive sustained growth in the cybersecurity market.

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Palo Alto Networks holds a Zacks Rank #3 (Hold) with a 3.8% decline in YTD stock performance. Better-ranked technology stocks include Bentley Systems, Meta Platforms, and Twilio, offering growth potential based on Zacks Ranks and consensus estimates for earnings growth and stock performance.



Read more at Nasdaq: Palo Alto (PANW) Unveils SOC Platform for Cloud Environment