Palo Alto Networks, Inc.

PANW

US6974351057

Software

Real-time Estimate Cboe BZX Other stock markets 16:00:11 2024-07-16 EDT			5-day change	1st Jan Change
337.4 ^USD	-1.04%		+0.80%	+14.92%

02:31pm	Coveo Appoints John Grosshans as Chief Revenue Officer	MT
02:00pm	Coveo Appoints John Grosshans as Chief Revenue Officer	CI

Palo Alto Networks to Buy Back Additional Shares Valued at $316.7 Million

November 17, 2023 at 05:32 pm

By Sabela Ojea

Palo Alto Networks is buying back additional shares of its common stock valued at $316.7 million, according to a Securities and Exchange Commission filing.

The Santa Clara, Calif.-based cybersecurity company said Friday the authorization is an increase to its existing share buyback program of $3.3 billion, originally approved in 2019 and extended in December 2020, August 2021 and August 2022.

The authorization allows Palo Alto to buy back shares of its common stock opportunistically and will be funded from available working capital.

Write to Sabela Ojea at sabela.ojea@wsj.com

(END) Dow Jones Newswires

11-17-23 1731ET

Latest news about Palo Alto Networks, Inc.

Coveo Appoints John Grosshans as Chief Revenue Officer	08:31am	MT
Coveo Appoints John Grosshans as Chief Revenue Officer	08:00am	CI
Google deal for 'hot market' cyber firm Wiz would bolster cloud security	06:02am	RE
Google to Become Cloud Security Leader With Potential Wiz Deal, Oppenheimer Says	07-15	MT
Microsoft, Alphabet Among Expected Standouts in Q2 Tech Earnings Season, Wedbush Says	07-15	MT
Goldman Sachs Adjusts Palo Alto Networks' Price Target to $330 From $310	07-15	MT
Capital One Securities Adjusts Palo Alto Networks' Price Target to $307 From $305, Keeps Equalweight Rating	07-11	MT
Equities Rise as Markets Analyze Fed Official's Remarks, Macro Data	06-27	MT
Equities Rise Amid Fed Official's Rate Remarks, Macro Data	06-27	MT
Equity Markets Rise Intraday After Macro Data, Fed Official's Comments	06-27	MT
Baird Adjusts Price Target on Palo Alto Networks to $360 From $340, Maintains Outperform Rating	06-27	MT
Cloud Computing Adoption Spurs Cybersecurity Risks, Driving Growth for Cloud-Native Application Protection Platform Market, BofA Says	06-26	MT
Palo Alto Networks Shares Rise After D.A. Davidson Initiates Coverage at Buy	06-21	MT
Tech overload on Wall Street	06-21
DA Davidson Initiates Palo Alto Networks at Buy, With $380 Price Target	06-21	MT
ANALYST RECOMMENDATIONS : Home Depot, Apple, Micron Technology, Anglo American, United Utilities...	06-21
Citic Securities Adjusts Price Target on Palo Alto Networks to $356 From $349	06-17	MT
Palo Alto Networks Insider Sold Shares Worth $312,390, According to a Recent SEC Filing	06-13	MT
Prosimo and Palo Alto Networks Bring Zero Trust to Application Workloads in Multi Cloud Environments	06-12	CI
Palo Alto Networks Announces the Launch of its New Cloud Location in Indonesia	06-06	CI
Palo Alto Networks Insider Sold Shares Worth $10,559,032, According to a Recent SEC Filing	06-05	MT
CrowdStrike shares jump as AI boosts cybersecurity demand	06-05	RE
CrowdStrike forecasts upbeat second-quarter revenue on robust demand for cybersecurity solutions	06-04	RE
Transcript : Palo Alto Networks, Inc. Presents at BofA Securities 2024 Global Technology Conference, Jun-04-2024 07:50 AM	06-04
Netskope crosses $500 million in subscription revenue, in no rush to go public	06-03	RE

Chart Palo Alto Networks, Inc.

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Company Profile

Palo Alto Networks, Inc. specializes in the development and implementation of IT security solutions for the enterprise. The group's activity is organized around three divisions: - managed security services: data center management and storage of data in the cloud, data backup and recovery process management, real-time management and monitoring of IT infrastructure and applications, etc.; - development of cybersecurity solutions: software solutions for detecting threats and intrusions, protecting against malicious programs, securing data, networks and computer systems (antivirus, anti-spam, web filtering, firewalls, etc.); - security consulting services: training and updates on threats before, during and after attacks, risk management, etc. Net sales are distributed geographically as follows: America (68.5%), Europe/Middle East/Africa (19.7%) and Asia/Pacific (11.8%).

Sector

Software

Calendar

2024-09-04 - Q4 2024 Earnings Release (Projected)

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S&P 500

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Analysis / Opinion

Nikesh Arora, CEO of Palo Alto Networks: A slowdown in cybersecurity?

May 21, 2024 at 02:26 pm

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Ratings for Palo Alto Networks, Inc.

Trading Rating

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ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

340.9 USD

Average target price

343.7 USD

Spread / Average Target

+0.82%

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Quarterly earnings - Rate of surprise

Company calendar

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Security Software

Palo Alto Networks, Inc.

Equities

PANW

US6974351057

Software

Palo Alto Networks to Buy Back Additional Shares Valued at $316.7 Million

EPS Revisions