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Palo Alto (PANW) Unveils Unified Code to Cloud Intelligence
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Palo Alto Networks (PANW - Free Report) unveiled the industry's first integrated Code to Cloud intelligence within the Prisma Cloud Darwin release. The Prisma Cloud is an intelligent Cloud-Native Application Protection Platform (CNAPP) that offers a single trusted place connecting developer environment and security teams.
A typical CNAPP is an all-in-one platform that combines Cloud Security Posture Management, Cloud Workload Protection Platform and Cloud Service Network Security. This replaces the previous use of separate security tools, which resulted in an incomplete security posture and added a significant operational load for security teams.
With this new Code to Cloud intelligence, Prisma Cloud will monitor and secure applications by providing a holistic view of the development and runtime environments that aids security teams in efficiently managing and responding to security concerns.
Furthermore, it collects information at every stage of the application's life, enabling security teams to pinpoint vulnerabilities in the source code while preventing breaches and enhancing the user experience.
PANW’s Prisma Cloud platform is well-received by its customers. In the fourth quarter of 2023, Prisma Cloud’s average recurring revenues exceeded $500 million. This has been possible because of the company’s initiatives to continuously upgrade Prima Cloud’s capabilities.
Prior to the current Darwin update, the company enhanced the Prisma platform with strategic acquisitions, such as those of Bridgecrew and Cider Security. Its 2021 Bridgecrew buyout enabled Prisma Cloud to become the first cloud security platform to deliver security across the full application lifecycle.
The acquisition of Cider Security in November 2022 further fortified its Prisma Cloud platform capabilities. With Cider Security, Prisma Cloud now offers the industry's most comprehensive supply-chain security solution as part of its code-to-cloud security platform.
Growing traction in the booking of Palo Alto’s other offerings is also a tailwind. In the fourth quarter of 2023, the combined bookings of its SASE, Cortex and Cloud Platforms surpassed $1 billion.
Palo Alto's subscription-based services like AutoFocus, Aperture, Traps, WildFire and Virtual are not only witnessing solid growth but also bolstering the customer base. The subscription-based business model will continue to improve the company’s top and bottom lines.
Zacks Rank and Other Stocks to Consider
Currently, Palo Alto sports a Zacks Rank #1 (Strong Buy). Shares of PANW have surged 87.3% year to date.
The Zacks Consensus Estimate for NVIDIA's third-quarter fiscal 2024 earnings has been revised upward by 2 cents to $3.34 per share in the past 30 days. For fiscal 2024, earnings estimates have increased by 7 cents to $10.74 per share in the past 30 days.
NVIDIA’s earnings beat the Zacks Consensus Estimate thrice in each of the trailing four quarters while missing on one occasion, the average surprise being 9.8%. Shares of NVDA have rallied 188.7% year to date.
The Zacks Consensus Estimate for SPLK's third-quarter fiscal 2024 earnings has been revised upward by a penny to $1.12 per share in the past 30 days. For fiscal 2024, earnings estimates have increased by 2 cents to $3.78 per share in the past 30 days.
Splunk’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 155%. Shares of SPLK have surged 71.9% year to date.
The Zacks Consensus Estimate for SNPS' fourth-quarter fiscal 2023 earnings has been revised upward by two cents to $3.04 per share in the past 60 days. For fiscal 2023, earnings estimates have increased by four cents to $11.09 per share in the past 60 days.
Synopsys’ earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 4.23%. Shares of SNPS have surged 52.1% year to date.
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Palo Alto (PANW) Unveils Unified Code to Cloud Intelligence
Palo Alto Networks (PANW - Free Report) unveiled the industry's first integrated Code to Cloud intelligence within the Prisma Cloud Darwin release. The Prisma Cloud is an intelligent Cloud-Native Application Protection Platform (CNAPP) that offers a single trusted place connecting developer environment and security teams.
A typical CNAPP is an all-in-one platform that combines Cloud Security Posture Management, Cloud Workload Protection Platform and Cloud Service Network Security. This replaces the previous use of separate security tools, which resulted in an incomplete security posture and added a significant operational load for security teams.
With this new Code to Cloud intelligence, Prisma Cloud will monitor and secure applications by providing a holistic view of the development and runtime environments that aids security teams in efficiently managing and responding to security concerns.
Palo Alto Networks, Inc. Price and Consensus
Palo Alto Networks, Inc. price-consensus-chart | Palo Alto Networks, Inc. Quote
Furthermore, it collects information at every stage of the application's life, enabling security teams to pinpoint vulnerabilities in the source code while preventing breaches and enhancing the user experience.
PANW’s Prisma Cloud platform is well-received by its customers. In the fourth quarter of 2023, Prisma Cloud’s average recurring revenues exceeded $500 million. This has been possible because of the company’s initiatives to continuously upgrade Prima Cloud’s capabilities.
Prior to the current Darwin update, the company enhanced the Prisma platform with strategic acquisitions, such as those of Bridgecrew and Cider Security. Its 2021 Bridgecrew buyout enabled Prisma Cloud to become the first cloud security platform to deliver security across the full application lifecycle.
The acquisition of Cider Security in November 2022 further fortified its Prisma Cloud platform capabilities. With Cider Security, Prisma Cloud now offers the industry's most comprehensive supply-chain security solution as part of its code-to-cloud security platform.
Growing traction in the booking of Palo Alto’s other offerings is also a tailwind. In the fourth quarter of 2023, the combined bookings of its SASE, Cortex and Cloud Platforms surpassed $1 billion.
Palo Alto's subscription-based services like AutoFocus, Aperture, Traps, WildFire and Virtual are not only witnessing solid growth but also bolstering the customer base. The subscription-based business model will continue to improve the company’s top and bottom lines.
Zacks Rank and Other Stocks to Consider
Currently, Palo Alto sports a Zacks Rank #1 (Strong Buy). Shares of PANW have surged 87.3% year to date.
Some other top-ranked stocks from the broader technology sector are NVIDIA (NVDA - Free Report) , Splunk and Synopsys (SNPS - Free Report) , each sporting a Rank #1 at present. You can see the complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for NVIDIA's third-quarter fiscal 2024 earnings has been revised upward by 2 cents to $3.34 per share in the past 30 days. For fiscal 2024, earnings estimates have increased by 7 cents to $10.74 per share in the past 30 days.
NVIDIA’s earnings beat the Zacks Consensus Estimate thrice in each of the trailing four quarters while missing on one occasion, the average surprise being 9.8%. Shares of NVDA have rallied 188.7% year to date.
The Zacks Consensus Estimate for SPLK's third-quarter fiscal 2024 earnings has been revised upward by a penny to $1.12 per share in the past 30 days. For fiscal 2024, earnings estimates have increased by 2 cents to $3.78 per share in the past 30 days.
Splunk’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 155%. Shares of SPLK have surged 71.9% year to date.
The Zacks Consensus Estimate for SNPS' fourth-quarter fiscal 2023 earnings has been revised upward by two cents to $3.04 per share in the past 60 days. For fiscal 2023, earnings estimates have increased by four cents to $11.09 per share in the past 60 days.
Synopsys’ earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 4.23%. Shares of SNPS have surged 52.1% year to date.