Palo Alto Seen Benefiting from Cybersecurity Platform Demand
Dow Jones
5 hours ago
1546 ET - Enterprise technical debt and the heightened cyber threats from artificial-intelligence position Palo Alto Networks to benefit from increased cybersecurity platform demand, Morgan Stanley analysts write in a note. "Enterprises cannot continue to address all of these risks in the way they have in the past, with 30+ vendors," the analysts write. "They need to address it efficiently, both from a time / resources / financial standpoint, a benefit to platforms like PANW." The company has made "platformizations" a central pillar of its strategy, and completed around 220 such platform integrations in the third quarter.
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