Palo Alto Networks (PANW) Beats Earnings Estimates As AI Cybersecurity Demand Surges
Palo Alto Networks delivered a stronger-than-expected quarterly performance, with growing artificial intelligence threats driving increased demand for its cybersecurity products. The company reported adjusted earnings per share of $1.02, beating the consensus estimate of 98 cents, while revenue reached $3.41 billion against the $3.35 billion analysts had forecast. Revenue jumped 34% year over year, climbing…