Palo Alto Networks CEO Nikesh Arora said Tuesday that AI is forcing companies to overhaul roughly $1 trillion of aging cybersecurity infrastructure built for a pre-AI world. “Nothing that was deployed seven or 10 years ago is prepared or ready to handle AI at machine speed,” Arora told CNBC’s Jim Cramer on “Mad Money.” “You…
Palo Alto Networks surpassed fiscal fourth-quarter estimates as mounting artificial intelligence risks boost demand for its cybersecurity tools. Shares added about 2% in extended trading, following a 5% drop during regular trading. Here’s how the company did versus LSEG estimates: Earnings per share: $1.02 adjusted vs. 98 cents expected Revenue: $3.41 billion vs. $3.35 billion…
Vice President JD Vance and Treasury Secretary Scott Bessent last week questioned leading tech CEOs about the security of artificial intelligence models and how to respond to cyber attacks before Anthropic released its new Mythos model, CNBC has learned. The meeting occurred over the phone, according to a person familiar with the matter who asked…
CrowdStrike CEO George Kurtz speaks at the Wall Street Journal Tech Live conference in Laguna Beach, California, on Oct. 21, 2019. Martina Albertazzi | Bloomberg | Getty Images Cybersecurity stocks dropped for a second day on Monday as investors fretted over new artificial intelligence security tools that threaten to displace the sector’s longstanding business models….
Chief executive officer at Palo Alto Networks Inc., Nikesh Arora attends the 9th edition of the VivaTech trade show at the Parc des Expositions de la Porte de Versailles on June 11, 2025, in Paris. Chesnot | Getty Images Palo Alto Networks CEO Nikesh Arora addressed the recent downdraft in software stocks, telling analysts in…
Palo Alto Networks beat Wall Street’s fiscal second-quarter estimates after the bell on Tuesday but shares fell 6% on disappointing guidance. Here’s how the company did versus LSEG estimates: Earnings per share: $1.03 per share excluding items vs. 94 cents expected Revenue: $2.59 billion vs. $2.58 billion expected The cybersecurity company forecasted lackluster earnings for…
Chief executive officer at Palo Alto Networks Inc., Nikesh Arora attends the 9th edition of the VivaTech trade show at the Parc des Expositions de la Porte de Versailles on June 11, 2025, in Paris. Chesnot | Getty Images Palo Alto Networks beat Wall Street’s fiscal first-quarter estimates after the bell on Wednesday and announced…
