Palo Alto Networks pops
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Palo Alto Networks Inc. jumped on a stronger-than-expected annual forecast, as the company seeks to provide customers with a bundle of AI-enabled cybersecurity products to fend off attacks.
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Palo Alto Networks forecast fiscal 2026 revenue and profit above analysts' estimates on Monday, betting on growing demand for its artificial intelligence-powered cybersecurity solutions, sending its shares up 5% in extended trading.
Palo Alto Networks CEO Nikesh Arora talked about growth in security, enterprise browsers and more as adoption of cloud and AI positions the cybersecurity vendor well.
Cybersecurity giant Palo Alto Networks Inc. says that tariffs are no longer a meaningful risk to its hardware business.
Japanese company Softbank Group (9984.T) announced on Tuesday that it had signed an agreement with Intel to buy $2bn of its common stock. Masayoshi Son, CEO of SoftBank Group, said: "This strategic investment reflects our belief that advanced semiconductor manufacturing and supply will further expand in the United States,
Michael Landsberg, Landsberg Bennett Private Wealth chief investment officer, joins CNBC's 'Power Lunch' to break down why he's keeping an eye on shares of Palo Alto Networks, Viking Holdings, and Estee Lauder.