Palo Alto Networks pops
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Palo Alto Networks forecast fiscal 2026 revenue and profit above analysts' estimates on Monday, betting on growing demand for its artificial intelligence-powered cybersecurity solutions, sending its shares up 5% in extended trading.
Palo Alto Networks CEO Nikesh Arora talked about growth in security, enterprise browsers and more as adoption of cloud and AI positions the cybersecurity vendor well.
After watching retail vacancies spike on University and California avenues during the pandemic, Palo Alto officials are now seeing some signs that business is starting to pick up in the city's two prime shopping districts.
On Waverley Street, Palo Alto, in March 2023, a 1,371-square-foot home was sold for $6,000,000, a price per square foot of $4,376. The home has 3 bedrooms and 1 bathroom.
In the years since buying his first home there, Zuckerberg has purchased 10 others in an apparent bid to create a kind of property buffer.
Q4 Highlights: Palo Alto posted fourth-quarter revenue of $2.54 billion, beating analyst estimates of $2.50 billion. The cybersecurity company reported fourth-quarter adjusted earnings of 95 cents per share, beating analyst estimates of 88 cents per share, according to Benzinga Pro.
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'Cyber is still pretty resilient', which is driving Palo Alto Networks, says Evercore ISI's Levine
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