After two rough quarters, Palo Alto Networks on Monday evening delivered the type of earnings report we expect from one of the best cybersecurity companies in the world.
PANW YTD mountain Palo Alto Networks YTD The issue with billings in recent quarters has been that the high cost of money has resulted in increased negotiations on terms and financing options.
Palo Alto Networks Why we own it: We believe cybersecurity is a secular growth market as bad actors are relentless and companies simply cannot afford to not invest in defense.
Palo Alto Networks headquarters in Santa Clara, California, US, on Monday, Aug. 14, 2023.
Palo Alto Networks Inc. is scheduled to release earnings figures on August 18.
Persons:
management's, billings, Dipak Golechha, Nikesh Arora, Arora, Palo, we're, platformization, I've, Jim Cramer, Jim Cramer's, Jim, David Paul Morris
Organizations:
Palo Alto Networks, Revenue, LSEG, Total billings, U.S, Networks, billings, Palo Alto, Alto Networks, Cisco Systems, Palo, CNBC, Bloomberg, Getty
Locations:
Palo, billings, XDR, Palo Alto, Santa Clara , California