Wednesday, July 4, 2018

Palo Alto Networks Extends Global Cyber Range Initiative With Newest Facility in Sydney | Latest News

Global cybersecurity leader Palo Alto Networks (NYSE: PANW) announced today that the Sydney Cyber ​​Range (Cyber ​​Range) will be launched as the newest global Cyber ​​Range initiative.

Officially opened by Vice President Marc McLaughlin, this is the fourth permanent Cyber ​​Range Platform for Palo Alto Networks and the first in the Asia-Pacific region. By continuously providing customers with a range of capabilities, Palo Alto Networks is working to build and improve effective and current skills for today's and future cyber security issues.

This ability development approach is very important in Australia. Because of the immense gap in global capabilities, many industry professionals claim that they need to take responsibility for closing this gap. Today, thanks to the development of corporate networks, Cyber ​​Range provides a unique opportunity for its employees to change their cyber security capabilities in a proactive way. There is also a test site for those who are interested in changing their skills in their cyber roles.


Palo Alto Networks Cyber ​​Ranges - Asia and Pacific IT and security teams are the educational institutions that can apply their skills through network simulation and cyber-aggression exercises. Cyber ​​Range teachers simulate network functionality and traffic to create a clear network experience. The goal of creating this group is to provide participants with timely training on the latest threats and advanced real-world malware, such as pay-per-action programs.

Sunday, June 24, 2018

Palo Alto Networks shares slip as investors balance strong earnings with new CEO, outlook - Latest News

Palo Alto Networks Inc. shares fell Monday following the surprise announcement of a new chief executive and a weak earnings outlook just before posting strong quarterly results.

Palo Alto PANW, -2.40%  shares on Monday opened briefly above their Friday close, touched an all-time high of $214.69, and quickly dropped lower. Shares were last trading down 2.9% at $203.17.

The network security company reported a fiscal third-quarter loss of $46.7 million, or 51 cents a share, compared with $60.9 million, or 67 cents a share, in the year-ago period. Adjusted earnings were 99 cents a share. Analysts surveyed by FactSet had forecast 96 cents a share.

Revenue rose 31% to $567.1 million, beating the FactSet consensus of $547.4 million, as product and subscription and support revenue both rose more than expected, and billings jumped 33% to $721 million, compared with the $668.8 million expected by the Street.

Overshadowing earnings, however, was the announcement made late Friday that Mark McLaughlin was being succeeded as chairman and chief executive by Nikesh Arora, who has held C-level positions at SoftBank and Google.