Reported 5 months ago
The U.S. Environment Protection Agency issued an alert highlighting cybersecurity threats to drinking water systems while Palo Alto Networks reported fiscal-third-quarter results. CEO Nikesh Arora discussed ongoing cyberattacks and the company's platformization strategy, which initially impacted the stock price. Despite concerns, Palo Alto's earnings beat expectations, with revenue at $2 billion and an optimistic forecast for the future, leading analysts to revise price targets favorably. Analysts like Dan Ives and Frederick Havemeyer see Palo Alto's growth strategy and potential long-term gains, with Havemeyer raising the stock price target to $285 and Weed to $364, reflecting a positive outlook for the company's cybersecurity offerings.
Source: YAHOO