Wedbush Securities said the reduced EPS was related to its recent acquisitions of Chronosphere and CyberArk, which led to a sizable increase in shares. The firm reiterated its Outperform rating and $225 price target, adding, "We would be strong buyers in knee-jerk weakness of shares tomorrow at the open."

Palo Alto Networks CEO Nikesh Arora warned that AI tools are rapidly gaining deep personal insights, potentially knowing users better than their spouses. He highlighted that AI's speed of advancement outpaces governance,

The Koi deal comes one week after Palo Alto closed its acquisition of CyberArk to bolster its AI security portfolio.

Palo Alto Networks CEO Nikesh Arora believes AI's job displacement is overstated, emphasizing a growing need for skilled technologists. He argues that AI excels at deterministic tasks but struggles with real-world edge cases requiring human judgment.

Palo Alto Networks CEO Nikesh Arora says fears that AI will wipe out most jobs are exaggerated. He notes that cybersecurity, which relies on inspection software and platforms, will see growing demand as AI increases complexity.

Today, Palo Alto Networks, Inc. (NASDAQ: PANW) ("Palo Alto Networks") announced that, in connection with the closing of the transaction (the "Acquisition") contemplated by the Agreement and Plan of Merger,

Palo Alto Networks is the global AI and cybersecurity leader. The Palo Alto Networks Technology Partner Program delivers a comprehensive portfolio of integrated solutions that help businesses close security gaps, reduce latency, and improve the end-user experience.

Detailed price information for Palo Alto Networks Inc (PANW-Q) from The Globe and Mail including charting and trades.