Palo Alto Beats Q3 Estimates as AI Threats Drive Demand

TLDR Palo Alto Networks shares rose 10% after the company beat fiscal third-quarter estimates. Revenue reached $3.00 billion, above Wall Street’s $2.94 billion expectation. Adjusted earnings came in at 85 cents per share, beating the 80-cent estimate. Palo Alto raised its fourth-quarter and full-year revenue guidance after the earnings beat. The company’s AI-focused acquisitions support [...]

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