The Latest Breaking News from Palo Alto Networks

Raymond James downgraded Palo Alto Networks on Monday while Wedbush raised its price targets on PANW stock and a few other companies.

Some top-performing cybersecurity stocks in 2023 are key players in SASE, a growing industry trend.

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.34%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.25%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.51%. Stocks this morning are mildly higher, with the S&P...

Palo Alto Networks delivered a massive $3 billion in free cash flow in trailing 12 months, representing 41% of revenue. That implies PANW stock could be worth up to 52% more or $378 per share.

The stock market rally extended strong gains on tame inflation. A Microsoft AI chip and poor guidance from Cisco, Walmart and Palo Alto were in focus.

The stock market remained in the red across the major indexes. Intel stock rallied and led the Dow Jones on Thursday after an analyst upgrade.

The Dow Jones fell after the Labor Department's initial jobless claims. Cisco Systems and Walmart dived on earnings reports.

December S&P 500 futures (ESZ23) are down -0.15%, and December Nasdaq 100 E-Mini futures (NQZ23) are down -0.30% this morning as weak forecasts from Cisco and Palo Alto Networks weighed on sentiment, while investors looked ahead to a new round of U.S. economic data and speeches from Fed officials.

Palo Alto Networks reported fiscal Q1 earnings and revenue that topped Wall Street targets. But the cybersecurity firm's billings guidance missed.