Palo Alto Networks shines in Q3 amid remote work spurs security demand
Summary
What will determine failure or success in this brave new world of work? Palo Alto Networks reported strong fiscal third quarter results as its security platform got a boost due to remote work. Wall Street was looking for non-GAAP earnings of 94 cents a share on revenue of $831.1 million. From cancelled conferences to disrupted supply chains, not a corner of the global economy is immune to the spread of COVID-19. We believe this will prompt key trends to accelerate, including remote working models, shift to the cloud, and focus on AI/ML and automation to drive effective cybersecurity outcomes.
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Networking and Cloud
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Cybersecurity Software
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Network Security
