Tag Archives: panw

Palo Alto Networks Buys Israeli Cybersecurity Firm

Palo Alto Networks (PANW) on Monday announced an agreement to acquire Cyvera, a privately held cybersecurity company based in Tel-Aviv, Israel, for $200 million in cash and stock. Cyvera, with 55 employees, has developed technology that protects enterprise users from cyberattacks and threats on any device, across any network, Palo Alto Networks said in its press release. Analysts said Cyvera will expand Palo Alto Networks’ total addressable market

Palo Alto Jumps On Juniper Patent Case Mistrial

Palo Alto Networks’ (PANW) stock shot up 11% to a new closing high of 77.02 after a federal judge declared a mistrial in a patent infringement case with Juniper Networks (JNPR). Jurors had told Judge Sue Robinson in the U.S. District Court for the District of Delaware that they could not reach a decision. Shares in Palo Alto, a security software provider, closed up 11% in the stock market today. Juniper had filed a lawsuit against Palo Alto in

Palo Alto Networks Q2 Earnings, Revenue Beat

Palo Alto Networks (PANW) stock hit an all-time high Monday after the company posted fiscal Q2 earnings and revenue that beat analyst estimates, and it raised guidance on strong demand for its network security products and services. The company early Monday reported revenue of $141.1 million, up 46% from the year-earlier quarter and above the consensus estimate of $135.6 million by analysts polled by Thomson Reuters. Earnings per share minus items