Palo Alto Networks: Will Its Investments In AI Capabilities Provide A Much Needed Competitive Edge? 

Palo Alto Networks, a cybersecurity company, has reported a strong fiscal third quarter 2024. The company continues to observe robust cyberattack activities, with an increasing focus on software supply chain and hardware vulnerabilities. Notably, the adoption and experimentation of artificial intelligence (AI) by their customers have introduced a new set of threats, leading to the development of security products designed specifically to secure AI usage. Despite concerns regarding Palo Alto Networks’ platformization approach after the last quarter, the customer feedback has reportedly been encouraging, with robust demand foreseen for the next several quarters.