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American technology company
Palo Alto Networks, Inc. is an American multinational cybersecurity company with headquarters in Santa Clara, California. The core product is a platform that includes advanced firewalls and cloud-based offerings that extend those firewalls to cover other aspects of security. The company serves over 70,000 organizations in over 150 countries, including 85 of the Fortune 100. It is home to the Unit 42 threat research team and hosts the Ignite cybersecurity conference. It is a partner organization of the World Economic Forum.
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Palo Alto Networks (PANW) closed the most recent trading day at $375.04, moving 5.54% from the previous trading session.
Palo Alto Networks faced downward pressure from valuation friction and institutional profit-taking.Executive insider transactions and hedging contracts compounded supply concerns and selling pressure.The company reported $11.48B in annual revenue and $307.00M in net profit.
Palo Alto Networks’ (PANW) share price rose about 1% in after-hours trading after the company beat third-quarter revenue estimates, as rising adoption of AI tools and products boosted demand for cybersecurity. However, the company reported a net loss comp