Dernières nouvelles pour Palo Alto Networks (NASDAQ:PANW) Stock

PALO ALTO NETWORKS INC

Palo Alto Networks

Palo Alto Networks is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, and security operations. The California-based firm has more than 80,000 enterprise customers across the world, including more than three fourths of the Global 2000.

Palo Alto Networks Inc

News

Analyst Ratings

Trading Ideas

PANW

Live On CNBC, Malcolm Ethridge Announces Sold Palo Alto Networks

Live On CNBC, Stephanie Link Announces Bought More Palo Alto Networks

Wedbush analyst Daniel Ives maintained an Outperform rating on Palo Alto Networks, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) with a <a target="_blank" href="https://www.benzinga.com/quote/PANW/analyst-ratings" rel="noreferrer noopener">price forecast of $225</a> on Wednesday.
On Tuesday, Palo Alto Networks delivered its <a target="_blank" href="https://www.benzinga.com/news/earnings/25/05/45530408/palo-alto-reports-q3-earnings-raises-fy25-guidance-shares-slide" rel="noreferrer noopener">fiscal third-quarter</a> results, which featured beats in revenue, EPS, and NGS ARR. At the same time, RPO came in line with the Street as the company accelerates its platformization strategy heading into fiscal 2026, and beyond, more customers are looking to consolidate their security vendors, Ives noted.
Total revenues were $2.29 billion, at the high end of the guidance range of $2.26 billion—$2.29 billion and slightly above the Street&#8217;s estimate of $2.28 billion.
Also Read: <a target="_blank" href="https://www.benzinga.com//node/45541664" rel="noreferrer noopener">PANW CEO Warns Traditional IT Can&#8217;t Handle AI&#8217;s Next Phase: &#8216;&#8230;The Conversation Is Shifting To Agentic AI&#8217;</a>
In comparison, RPO accelerated 19% to $13.5 billion, compared to guidance of $13.50 billion—$13.60 billion and the Street&#8217;s estimate of $13.54 billion, as the company&#8217;s platformization continues to take hold.
As per the analyst, significant growth continues to be seen in XSIAM (Cortex), SASE (Prisma), and Product (Firewall) despite an uneasy macro in April.
NGS ARR grew to $5.09 billion (up 34%), which was above guidance of $5.03 billion-$5.08 billion and the Street&#8217;s estimate of $5.06 billion.
Palo Alto Networks reaffirmed that both its fiscal fourth-quarter NextGen Security ARR guidance of $5.52 billion-$5.57 billion (up 31%-32%) and RPO guide of $15.2 billion-$15.3 billion (up 19%-20%), as it is laying the foundation for its platformization approach heading into fiscal 2026 with AI front and center, the analyst noted.
Palo Alto Networks also provided fiscal fourth-quarter revenue guidance of $2.49 billion-$2.51 billion versus the Street of $2.50 billion, while EPS guidance of $0.87-$0.89 versus the Street of $0.87 as the company&#8217;s demand has stabilized after an uneasy April heading into the end of fiscal 2025, he said.
Overall, Palo Alto Networks continues to be one of Ives&#8217; favorite cybersecurity names to own over the next 12-18 months as he noted 2025 as a transition year for the company as platformization deals with cloud penetration are leading to strong deal flow and a more stable pipeline while being a prime beneficiary of AI spending as cybersecurity is a clear second or third derivative play on the AI Revolution as the company is in the driver&#8217;s seat to gain market or mind share in the cybersecurity landscape with the continued shift to the cloud.
Price Action:&nbsp;PANW is trading lower by 6.99% to $180.90 at last check Wednesday.
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Photo by Tada Images via Shutterstock

Analyst Color

Price Target

Reiteration

Movers

Palo Alto's AI Momentum Make It A Top Cybersecurity Pick, Analyst Says

Northland Capital Markets analyst Nehal Chokshi maintains Palo Alto Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) with a Market Perform and lowers the price target from $210 to $177.

Northland Capital Markets Maintains Market Perform on Palo Alto Networks, Lowers Price Target to $177

Shares of Palo Alto Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) continued to slide after the company reported its fiscal third-quarter results on Tuesday.
Here are some key analyst takeaways.
Goldman Sachs On Palo Alto Networks
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/589dc33e43eaaa000122c59a/gabriela-borges">Analyst Gabriela Borges</a> maintained a Buy rating while raising the price target from $215 to $231.
Palo Alto Networks reported a mixed quarter, with RPO and revenue in line with Street expectations, while EBIT margin and earnings beat estimates by 30 basis points (bps) and 3%, respectively, Borges said in a note. Management raised their full-year revenue, earnings, and margin projections to the high end of their prior guidance, she added.
The company noted that deal activity was impacted by macro uncertainty in early April, but the deal cycle normalized later in the month and into May, the analyst stated. "While we expect to see a number of next-gen vendors in AI security, we ultimately believe that this field will consolidate over time in favor of leaders such as Palo Alto, that have the ability and willingness to invest in technology leadership, outsource R&amp;D via M&amp;A, and realize attractive unit economics from cross sell," she further wrote.
TD Cowen On Palo Alto Networks
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5968f79c988ca80001cea41a/shaul-eyal">Analyst Shaul Eyal</a> reiterated a Buy rating and price target of $230.
Palo Alto Networks' NGS ARR (next-generation security annual recurring revenue) grew by 34% year-on-year to $5.09 billion, exceeding the consensus of $5.06 billion, while RPO (remaining performance obligation) rose 19.5% year-on-year to $13.5 billion, almost in line with expectations, Eyal said. The company generated revenue growth of 15% year-on-year, taking its top line to $2.29 billion, above the consensus of $2.28 billion, he added.
The analyst stated that the results reflect "ongoing healthy platformization performance" and strong adoption of AI solutions in the fiscal third quarter. Palo Alto Networks has a robust pipeline for the fourth quarter, "lending itself for a strong FY25 finish," he wrote.
Piper Sandler On Palo Alto Networks
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/590783e6290fa70001409b4a/rob-owens">Analyst Rob Owens</a> reaffirmed a Neutral rating and price target of $200.
Owens said Palo Alto Networks recorded operating margins of 27.4%, beating consensus by around 30 bps. This took earnings to 80 cents per share, 3 cents per share higher than the top end of its guidance range.
However, bookings growth decelerated sequentially to 9%, from 15% in the previous quarter, the analyst stated. While the company said it faced uncertainty during April due to "geopolitical shifts," this has "largely subsided since," he further wrote.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
KeyBanc Capital Markets On Palo Alto Networks
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/62eacb8a9bab060001dbd41a/eric-heath">Analyst Eric Heath</a> maintained an Overweight rating and price target of $220.
For the fiscal fourth quarter, Palo Alto Networks guided to revenues of $2.49-$2.51 billion, representing 14%-15% year-on-year growth, almost in line with consensus, Heath said. Its RPO guidance of $15.2-$15.3 billion incorporates 20% year-on-year growth, similar to the previous quarter, he added.
The analyst stated that the company raised its revenue guidance for the full year by $15 million to $9.17-$9.19 billion, up 14% and beating the consensus of $9.166 billion. NSG momentum remained robust, with "notable strength" from XSIAM (extended security intelligence and automation management).
JMP Securities On Palo Alto Networks
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/6298be750c34880001d668d9/trevor-walsh">Analyst Trevor Walsh</a> reiterated a Market Outperform rating and a price target of $212.
Palo Alto Networks reported its quarterly results modestly better than expected, Walsh said. The company guided to non-GAAP earnings of 87-89 cents per share for the fiscal fourth quarter, above consensus of 86 cents per share, he added.
Management indicated that "rapid and widespread" AI adoption was not only driving "the need to secure AI-specific resources but also further accelerating broader IT transformations, such as the transition to the cloud," the analyst further wrote.
Guggenheim Securities On Palo Alto Networks
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/587f78d077f9dd000126ef0f/john-difucci">Analyst John DiFucci</a> reaffirmed a Sell rating and price target of $130.
Palo Alto Networks' results were mixed, "with revenue about a half percent above the consensus number, driven by Product outperformance and partially offset by subscription underperformance," DiFucci said. The company maintained its full-year NGS ARR and RPO guidance, indicating growth between 31%-32% and 19%-20%, respectively, he added.
"Management acknowledged April weakness post Liberation Day, though this has leveled out, but not before resulting in dampened F3Q25 results, which carried over to mixed F4Q25 guidance (that may include some acquired Protect AI contribution that should close by F1Q)," the analyst wrote.
RBC Capital Markets On Palo Alto Networks
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5880b6f377f9dd00011b0ab2/matthew-hedberg">Analyst Matthew Hedberg</a> maintained an Outperform rating and a price target of $232.
Palo Alto Networks reported solid results, despite some tariff related macro disruption in the quarter, Hedberg said. He added, however, that the macro environment normalized into May.
The company generated an AI ARR of $400 million, up from $250 million in the first quarter, and recorded an average ARR per customer of more than $1 million for XSIAM, the analyst stated. "Overall, we like the large-deal and newer product momentum fueling NGS ARR growth." 
PANW Price Action: At the time of publication on Wednesday, shares of Palo Alto Networks had declined by 5.99% to $182.83.
Read More: <a href="https://www.benzinga.com/analyst-ratings/price-target/25/05/45262278/under-armour-faces-tough-road-ahead-says-analyst">T-Mobile, Palo Alto Partner To Enhance 5G Cybersecurity For US Businesses</a>
Photo: Shutterstock

Earnings Beats

Palo Alto Networks Posts Solid 3Q, Next Gen Security Momentum Strong Despite Macro Uncertainty

JP Morgan analyst Brian Essex maintains Palo Alto Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) with a Overweight and lowers the price target from $225 to $221.

JP Morgan Maintains Overweight on Palo Alto Networks, Lowers Price Target to $221

WIIM

Palo Alto Networks shares are trading lower following Q3 reported financial results. Additionally, Bernstein cut its price target on the stock from $290 to $250.

Palo Alto Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) posted better-than-expected earnings for <a href="https://www.benzinga.com/quote/PANW/earnings">its third quarter on Tuesday</a>.
Palo Alto reported third-quarter revenue of $2.29 billion, beating the consensus estimate of $2.28 billion. The company reported third-quarter adjusted earnings of 80 cents per share, beating analyst estimates of 77 cents per share, according to Benzinga Pro.
"In Q3, we continued to make progress on our platformization strategy and achieved an important milestone in crossing $5 billion in Next-Gen Security ARR," said Nikesh Arora, chairman and CEO of Palo Alto Networks. "Our scale and platform breadth makes us a leading consolidator of choice in cybersecurity."
The company also raised its full-year 2025 guidance. The company now expects full-year revenue of $9.17 billion to $9.19 billion, up from prior guidance of $9.14 billion to $9.19 billion. The company now anticipates full-year adjusted earnings of $3.26 to $3.28 per share, up from prior guidance of $3.18 to $3.24 per share, per Benzinga Pro.
Palo Alto shares fell 6.5% to trade at $181.75 on Wednesday.
These analysts made changes to their price targets on Palo Alto following earnings announcement.
<ul class="wp-block-list">
<li>Barclays analyst Saket Kalia maintained Palo Alto Networks with an Overweight rating and lowered the price target from $213 to $210.</li>
<li>Wells Fargo analyst Andrew Nowinski maintained the stock with an Overweight rating and raised the price target from $225 to $235.</li>
<li>Bernstein analyst Peter Weed maintained Palo Alto with an Outperform rating and lowered the price target from $229 to $225.</li>
<li>TD Securities analyst Shaul Eyal reiterated Palo Alto Networks with a Buy and maintained a $230 price target.</li>
<li>Guggenheim analyst John Difucci reiterated the stock with a Sell and maintained $130 price target.</li>
<li>Keybanc analyst Eric Heath reiterated Palo Alto Networks with an Overweight rating and maintained $220 price target.</li>
</ul>
Considering buying PANW stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="614" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/21103005/image-268-1024x614.png" alt="" class="wp-image-922995" style="width:680px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/21103005/image-268-1024x614.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/21103005/image-268-300x180.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/21103005/image-268-768x461.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/21103005/image-268.png 1097w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Earnings

Markets

These Analysts Revise Their Forecasts On Palo Alto Networks After Q3 Results

Barclays analyst Saket Kalia maintains Palo Alto Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) with a Overweight and lowers the price target from $213 to $210.

Barclays Maintains Overweight on Palo Alto Networks, Lowers Price Target to $210

Wells Fargo analyst Andrew Nowinski maintains Palo Alto Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) with a Overweight and raises the price target from $225 to $235.

Wells Fargo Maintains Overweight on Palo Alto Networks, Raises Price Target to $235

Palo Alto Networks Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) shares are moving lower Wednesday on the heels of the company&#8217;s fiscal third-quarter financial results. Multiple analysts also weighed in on the stock <a href="https://www.benzinga.com/news/earnings/25/05/45541664/panw-ceo-warns-traditional-it-cant-handle-ais-next-phase-the-conversation-is-shifting-to-agentic-ai">following the print</a>.
What Happened: Palo Alto reported third-quarter revenue of $2.29 billion, beating <a href="http://benzinga.com/quote/PANW/earnings" target="_blank" rel="noreferrer noopener">estimates</a>&nbsp;of $2.28 billion, and adjusted earnings per share of 80 cents, beating estimates of 77 cents, according to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Total revenue increased 15% on a year-over-year&nbsp;basis as next-generation security annual recurring revenue increased 34% year-over-year to $5.1 billion. The company had $13.5 billion of remaining performance obligations at quarter&#8217;s end, up 19% year-over-year. 
&#8220;We again delivered strong top-line results within our profitable growth framework, as we continue to see our business scale well across the P&amp;L. We look forward to executing against our targets as we close fiscal year 2025,&#8221; said&nbsp;Dipak Golechha, CFO of Palo Alto Networks.
Palo Alto guided for fiscal fourth-quarter revenue of $2.49 billion to $2.51 billion versus estimates of $2.5 billion, and adjusted earnings of 87 cents to 89 cents per share versus estimates of 86 cents per share, per <a href="http://pro.benzinga.com">Benzinga Pro</a>.
The company raised the low end of its full-year revenue outlook from a range of $9.14 billion to $9.19 billion to a new range of $9.17 billion to $9.19 billion. Palo Alto also raised its full-year adjusted earnings forecast from&nbsp;$3.18 to $3.24 per share to a new range of $3.26 to $3.28 per share. 
See Also: <a href="https://www.benzinga.com/markets/25/05/45541866/xi-jinpings-china-wants-trump-to-immediately-drop-the-golden-dome-project-over-strong-offensive-implications-security-of-all-countries-should-not-be-compromised">Xi Jinping&#8217;s China Wants Trump To Immediately Drop The Golden Dome Project Over &#8216;Strong Offensive Implications:&#8217; &#8216;&#8230;Security Of All Countries Should Not Be Compromised&#8217;</a>
Analyst Changes:
<ul class="wp-block-list">
<li>Bernstein analyst Peter Weed maintained Palo Alto with an <a href="https://www.benzinga.com/analyst-stock-ratings">Outperform</a> and lowered the price target from&nbsp;$229&nbsp;to&nbsp;$225.</li>
</ul>
<ul class="wp-block-list">
<li>Keybanc analyst Eric Heath reiterated Palo Alto with an Overweight and a price target of&nbsp;$220.</li>
</ul>
<ul class="wp-block-list">
<li>Guggenheim analyst John Difucci reiterated Palo Alto with a Sell and a price target of&nbsp;$130.</li>
</ul>
<ul class="wp-block-list">
<li>TD Securities analyst Shaul Eyal reiterated Palo Alto with a Buy and price target of&nbsp;$230.</li>
</ul>
PANW Price Action: <a href="https://www.benzinga.com/quote/PANW" target="_blank" rel="noreferrer noopener">Palo Alto shares</a> were down 6.71% at $181.11 at the time of publication Wednesday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45526658/palo-alto-networks-is-a-top-ai-driven-cybersecurity-play-analyst">Palo Alto Networks Is A Top AI-Driven Cybersecurity Play: Analyst</a></li>
</ul>
Photo: <a href="https://www.shutterstock.com/g/tadaimages">Tada Images</a>/Shutterstock.

Palo Alto Stock Is Facing Selling Pressure Wednesday: What's Going On?

General

CORRECTION: Palo Alto Networks shares are trading lower following Q3 reported financial results. Additionally, Bernstein cut its price target on the stock from $290 to $250.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul class="wp-block-list">
<li>HC Wainwright &amp; Co. raised Transcat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNS#NASDAQ">TRNS</a>) price target from $106 to $116. HC Wainwright &amp; Co. analyst Scott Buck maintained a Buy rating. Transcat shares closed at $94.36 on Tuesday. <a href="https://www.benzinga.com/quote/TRNS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham cut the price target for Deckers Outdoor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NASDAQ">DECK</a>) from $246 to $150. Needham analyst Tom Nikic maintained a Buy rating. Deckers Outdoor shares closed at $128.84 on Tuesday. <a href="https://www.benzinga.com/quote/DECK/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Compass Point cut PennantPark Investment Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNNT#NYSE">PNNT</a>) price target from $6 to $5.75. Compass Point analyst Casey Alexander downgraded the stock from Neutral to Sell. PennantPark Investment shares closed at $6.91 on Tuesday. See how other analysts <a href="https://www.benzinga.com/quote/PNNT/analyst-ratings">view this stock</a>.</li>
<li>HSBC slashed the price target for UnitedHealth Group Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) from $490 to $270. HSBC analyst Sidharth Sahoo downgraded the stock from Hold to Reduce. UnitedHealth shares closed at $321.58 on Tuesday. <a href="https://www.benzinga.com/quote/UNH/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Bernstein slashed the price target for Palo Alto Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) from $229 to $225. Bernstein analyst Peter Weed maintained an Outperform rating. Palo Alto shares closed at $194.48 on Tuesday. <a href="https://www.benzinga.com/quote/PANW/analyst-ratings">See how other analysts view this stock.</a></li>
<li>TD Securities cut Elastic N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESTC#NYSE">ESTC</a>) price target from $125 to $105. TD Securities analyst Andrew Sherman maintained a Hold rating. Elastic shares settled at $94.17 on Tuesday. <a href="https://www.benzinga.com/quote/ESTC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Benchmark cut Canaan Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAN#NASDAQ">CAN</a>) price target from $3 to $2. Benchmark analyst Mark Palmer maintained a Buy rating. Canaan shares closed at $0.7626 on Tuesday. <a href="https://www.benzinga.com/quote/CAN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Bernstein boosted The Home Depot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) price target from $380 to $398. Bernstein analyst Zhihan Ma maintained a Market Perform rating. Home Depot shares closed at $377.05 on Tuesday.  <a href="https://www.benzinga.com/quote/HD/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stephens &amp; Co. increased the price target for nCino, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNO#NASDAQ">NCNO</a>) from $24 to $28. Stephens &amp; Co. analyst Charles Nabhan maintained an Equal-Weight rating. nCino shares settled at $25.81 on Tuesday. <a href="https://www.benzinga.com/quote/NCNO/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>TD Securities raised IHS Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IHS#NYSE">IHS</a>) price target from $16 to $17. TD Securities analyst Michael Elias maintained a Buy rating. IHS shares closed at $5.56 on Tuesday. <a href="https://www.benzinga.com/quote/IHS/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying IHS stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="581" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/21092326/image-264-1024x581.png" alt="" class="wp-image-922861" style="width:607px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/21092326/image-264-1024x581.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/21092326/image-264-300x170.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/21092326/image-264-768x435.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/21092326/image-264.png 1097w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Photo via Shutterstock

DECK

ESTC

NCNO

PNNT

TRNS

IHS Holding To Rally Around 206%? Here Are 10 Top Analyst Forecasts For Wednesday

At Palo Alto Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>), the tone around AI is evolving rapidly and while the world still plays catch-up, the company is already setting its sights on what comes next, agentic AI.
What Happened: During its <a href="https://www.benzinga.com/news/earnings/25/05/45530408/palo-alto-reports-q3-earnings-raises-fy25-guidance-shares-slide">third quarter earnings</a> call on Tuesday, the company&#8217;s CEO, Nikesh Arora, said that AI has become a central theme in virtually every customer conversation. But what&#8217;s notable now, he said, is the pivot to a new phase.
&#8220;During every conference, every customer conversation, the topic of AI transformation is more and more frequent, and now the conversation is shifting to agentic AI,&#8221; Arora said.
This shift underscores the growing urgency across leading organizations to rethink traditional IT architecture, which Arora warns is not built to handle the scale and complexity of AI. 
See Also: <a href="https://www.benzinga.com/analyst-ratings/price-target/25/05/45540196/snowflake-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-call-2">Snowflake Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call</a>
As enterprises move deeper into AI infrastructure, the conversation is no longer just about adoption, he says, it's about protection. Arora called AI security &#8220;a strategic imperative,&#8221; noting that bad actors are already using AI to simulate entire ransomware attacks in under 25 minutes.
To address this, Palo Alto is expanding its portfolio with tools like XSIAM, its AI-powered security operations platform, and the recently launched Prisma AIRS, which scans and protects AI artifacts in production. The company also announced the <a href="https://benzinga.com/personal-finance/25/05/45184304/palo-alto-networks-acquires-protect-ai-for-500m-a-startup-backed-by-salesforce-samsung-and-01-advisors-in-ai-security-push">acquisition of Protect.ai</a> to bolster its model testing and red-teaming capabilities.
&#8220;As AI becomes more deeply integrated into our customers&#8217; businesses,&#8221; Arora says, &#8220;the need to protect the underlying data, models, and infrastructure will become paramount.&#8221; 
Why It Matters: On Tuesday, Wedbush analyst Dan Ives reiterated his &#8220;Outperform&#8221; rating on Palo Alto, citing strong <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45526658/palo-alto-networks-is-a-top-ai-driven-cybersecurity-play-analyst">cybersecurity deal activity</a> across enterprises, with a price target of $225, or an upside of 15.6% from current levels.
Recently, Stephanie Link of Hightower Advisors <a href="https://benzinga.com/analyst-ratings/analyst-color/25/04/44716846/meta-ibm-palo-alto-networks-why-stephanie-link-doubling-down-tariff-proof-tech-titans">doubled down on the company</a>, calling it a &#8220;must-own in a sector where bigger is better.&#8221;
The company released its <a href="https://www.benzinga.com/news/earnings/25/05/45530408/palo-alto-reports-q3-earnings-raises-fy25-guidance-shares-slide">third quarter results</a> on Tuesday, reporting $2.29 billion in revenue, up 15.3% year-over-year, and beating consensus estimates at $2.28 billion. It posted a profit of $0.80 per share, ahead of estimates at $0.77.
Price Action: The stock was up 0.09% on Tuesday, trading at $194.48 per share, but is down 5.13% after hours, following its third quarter results.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="131" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/21082642/Screenshot-2025-05-21-at-5.56.31-PM-1024x131.png" alt="" class="wp-image-922735" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/21082642/Screenshot-2025-05-21-at-5.56.31-PM-1024x131.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/21082642/Screenshot-2025-05-21-at-5.56.31-PM-300x38.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/21082642/Screenshot-2025-05-21-at-5.56.31-PM-768x98.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/21082642/Screenshot-2025-05-21-at-5.56.31-PM-1536x196.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/21082642/Screenshot-2025-05-21-at-5.56.31-PM.png 1614w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
According to Benzinga&#8217;s Edge Stock Rankings, Palo Alto shares score well on Momentum and Growth, and have a favorable price trend in the short, medium, and long term. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> for deeper insights into the stock. 
Read More:
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<li><a href="https://www.benzinga.com/25/05/45539621/tesla-robotaxi-rival-waymo-reaches-10-million-paid-rides-milestone-as-robotaxis-step-into-the-spotlight">Tesla Robotaxi Rival Waymo Reaches 10 Million Paid Rides Milestone As Self-Driving Cars Step Into The Spotlight</a></li>
</ul>
Photo: Shutterstock

PANW CEO Warns Traditional IT Can't Handle AI's Next Phase: '...The Conversation Is Shifting To Agentic AI'

TD Securities analyst Shaul Eyal reiterates Palo Alto Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) with a Buy and maintains $230 price target.

TD Securities Reiterates Buy on Palo Alto Networks, Maintains $230 Price Target

Guggenheim analyst John Difucci reiterates Palo Alto Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) with a Sell and maintains $130 price target.

Guggenheim Reiterates Sell on Palo Alto Networks, Maintains $130 Price Target

Keybanc analyst Eric Heath reiterates Palo Alto Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) with a Overweight and maintains $220 price target.

Keybanc Reiterates Overweight on Palo Alto Networks, Maintains $220 Price Target

U.S. stock futures were lower this morning, with the Dow futures falling around 400 points on Wednesday.
Shares of Palo Alto Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) fell in pre-market trading <a href="https://www.benzinga.com/news/earnings/25/05/45530408/palo-alto-reports-q3-earnings-raises-fy25-guidance-shares-slide">following quarterly results</a>.
Palo Alto reported third-quarter revenue of $2.29 billion, beating the consensus estimate of $2.28 billion. The company reported third-quarter adjusted earnings of 80 cents per share, beating analyst estimates of 77 cents per share, according to Benzinga Pro.
Palo Alto also raised its full-year 2025 guidance. The company now expects full-year revenue of $9.17 billion to $9.19 billion, up from prior guidance of $9.14 billion to $9.19 billion. The company now anticipates full-year adjusted earnings of $3.26 to $3.28 per share, up from prior guidance of $3.18 to $3.24 per share, per Benzinga Pro. Analysts are forecasting full-year revenue of $9.17 billion and full-year adjusted earnings of $3.22 per share.
Palo Alto Networks shares declined 3.8% to $187.15 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul class="wp-block-list">
<li>Wolfspeed, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) shares dipped 55% to $1.41 in pre-market trading amid reports that the company is preparing to file for bankruptcy within weeks.</li>
<li>V.F. Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) shares declined 11% to $12.85 in pre-market trading after the company posted downbeat fourth-quarter sales and said it expects first-quarter revenue decline of 3%-5% year over year.</li>
<li>QXO, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QXO#NYSE">QXO</a>) fell 9% to $16.71 in pre-market trading after the company announced it launched a dual public offering of common stock and depositary shares representing series B convertible preferred stock.</li>
<li>Centuri Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTRI#NYSE">CTRI</a>) fell 7.2% to $18.18 in pre-market trading. Centuri announced the pricing of secondary public offering of common stock.</li>
<li>Akso Health Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AHG#NASDAQ">AHG</a>) shares fell 6.3% to $1.49 in pre-market trading after gaining 11% on Tuesday.</li>
<li>NWTN Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWTN#NASDAQ">NWTN</a>) declined 6% to $2.20 in pre-market trading after dipping 14% on Tuesday.</li>
<li>UnitedHealth Group Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) fell 5.6% to $303.61 in pre-market trading.</li>
<li>Archer Aviation Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>) fell 4.6% to $10.77 in pre-market trading.</li>
<li>Phathom Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHAT#NASDAQ">PHAT</a>) fell 4.1% to $4.20 in pre-market trading.</li>
<li>Take-Two Interactive Software, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) fell 3.6% to $228.85 in pre-market trading after the company announced the pricing of public offering of common stock.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/25/05/45535402/target-lowes-and-3-stocks-to-watch-heading-into-wednesday">Target, Lowe&#8217;s And 3 Stocks To Watch Heading Into Wednesday</a> </li>
</ul>
Photo via Shutterstock

Pre-Market Outlook

ACHR

CTRI

NWTN

PHAT

TTWO

WOLF

Palo Alto Networks, Take-Two Interactive Software, VF Corp And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

WOLF: -65% &#x7C; <a href="https://www.benzinga.com//node/45532307">Wolfspeed shares are trading lower amid reports that the company is preparing to file for bankruptcy within weeks.</a>
&nbsp;
PANW: -5% &#x7C; <a href="https://www.benzinga.com//node/45529629">Palo Alto Networks shares are trading lower following Q3 reported financial results.</a>
&nbsp;
TGT: -5% &nbsp;&#x7C; <a href="https://www.benzinga.com//node/45539024">Target shares are trading lower after the company missed Q1 earnings estimates and lowered its FY25 EPS guidance.</a>

Market-Moving News for May 21st

Editor's Note: This article has been updated to reflect the accurate yields for the 2-year and 10-year Treasury bonds.
U.S. stock futures dipped on Wednesday after ending lower on Tuesday. Futures of major benchmark indices were trading lower in premarket.
The S&amp;P 500 index snapped its six-day winning streak on Tuesday, which was followed by the U.S.-China 90-day tariff truce.
Donald Trump&#8216;s &#8216;<a href="https://www.benzinga.com/markets/equities/25/05/45536595/big-beautiful-bill-will-explode-the-deficit-and-make-the-rich-richer-congressional-budget-office-estimates-4-income-fall-for-lowest-decile-of-americans-by-2033">One Big, Beautiful Bill</a>&#8216; was the center of discussion among experts as the Congressional Budget Office released its estimates for the distributional effects of the Act.
It estimated a 4% drop in the household incomes of the lower decile of Americans by 2033 and a 2% rise in the income of the highest decile.
Meanwhile, the 10-year Treasury bond yielded 4.53% and the two-year bond was at 3.9%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing a 94.6% likelihood of the Federal Reserve keeping the current interest rates unchanged in its June meeting.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.65%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.60%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.61%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.86%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, fell in premarket on Wednesday. The SPY was down 0.58% to $589.40, while the QQQ declined 0.65% to $516.91, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
On Tuesday, most S&amp;P 500 sectors closed lower, with energy, consumer discretionary, and communication services stocks seeing the steepest declines.
In contrast, utilities and healthcare stocks moved higher, defying the broader market trend.
Meanwhile, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stock edged up after CEO Elon Musk reaffirmed his five-year commitment to the company. Home Depot Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) reported better-than-expected first-quarter sales but missed EPS estimates. Amer Sports Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AS#NYSE">AS</a>) also posted strong first-quarter results.
Economically, the U.S. Redbook Index increased 5.4% year-over-year for the week ending May 17.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.38%</td>
<td>19,142.72</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.39%</td>
<td>5,940.46</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.27%</td>
<td>42,677.24</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.054%</td>
<td>2,105.58</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Senior economist at WisdomTree, Jeremy Siegel, said that he was &#8220;clear-eyed&#8221; about the tariff impact.
&#8220;These tariffs aren't good for the market. Stocks would be higher without them, but the market's current pricing suggests it can absorb the expected hit at current rates.&#8221;
While there was criticism around the One Big, Beautiful Bill on proposed tax cuts, Siegel said, &#8220;While tariffs remain a headwind, the tax cut and a potential easing of tensions in the Middle East could propel equities closer to all-time highs.&#8221;
Meanwhile, quoting the <a href="https://www.benzinga.com/markets/equities/25/05/45536595/big-beautiful-bill-will-explode-the-deficit-and-make-the-rich-richer-congressional-budget-office">CBO estimates</a>, Craig Shapiro of the Bear Traps Report, said, the new Bill will &#8220;explode the deficit while enriching the highest decile of Americans at the expense of the lowest decile.&#8221; 
&#8220;Another opportunity squandered and further proof that the Republican Party continues to cater to the wealthiest Americans time and time again,&#8221; he added.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Nice job by the Admin and House Republicans getting ready to try to pass a &quot;Big Beautiful Bill&quot; that will explode the deficit while enriching the highest decile of Americans at the expense of the lowest decile. Another opportunity squandered and further proof that the… <a href="https://t.co/66cJwNwE8m">https://t.co/66cJwNwE8m</a>
&mdash; Craig Shapiro (@ces921) <a href="https://twitter.com/ces921/status/1925005561180942458?ref_src=twsrc%5Etfw">May 21, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Economist Peter Schiff was also not enamoured by the Bill as he stated that the tax cuts just boost GDP at the "expense of larger budget and trade deficits and higher inflation, and long-term interest rates."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Tax cuts that boost spending on consumer goods rather than promote higher savings, capital investment, and increased productivity, do not grow the economy. They merely boost GDP at the expense of larger budget and trade deficits and higher inflation and long-term interest rates.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1924968734491373978?ref_src=twsrc%5Etfw">May 20, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on Wednesday:
<ul class="wp-block-list">
<li>Richmond Fed President Tom Barkin and Fed Governor Michelle Bowman will take part in the &#8216;Fed Listens&#8217; event at 12:15 p.m. ET.</li>
</ul>
Stocks In Focus:
<ul class="wp-block-list">
<li>Target Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) was 0.37% lower in premarket on Wednesday as analysts expect it to report quarterly earnings of $1.65 per share on revenue of $24.32 billion, before the opening bell.</li>
<li>Lowe&#8217;s Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) declined 0.28% as Wall Street expects it to report earnings before the opening bell. It is expected to post earnings of $2.88 per share on revenue of $20.96 billion.</li>
<li>TJX Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>) fell 0.69% as analysts expect it to report quarterly earnings of 90 cents per share on revenue of $12.99 billion, before the opening bell.</li>
<li>VF Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) was up 0.14% as Wall Street expects it to report earnings before the opening bell. It is expected to post a quarterly earnings loss of 14 cents per share on revenue of $2.17 billion.</li>
<li>Palo Alto Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) dropped 3.85% despite posting better-than-expected earnings for its third quarter and raising its full-year 2025 guidance on Tuesday.</li>
<li>Toll Brothers Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) jumped 5.88% after posting stronger-than-expected earnings and sales results for the second quarter.</li>
<li>CFSB Bancorp Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CFSB#NASDAQ">CFSB</a>) surged 67.89% as it announced that Hometown Financial Group will acquire the company for a total transaction value of approximately $44 million.</li>
<li>Accenture PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) was up 0.41% after collaborating with Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) and Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) to accelerate enterprise AI transformation with AI refinery.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 1.72% to hover around $63.10 per barrel.
Gold Spot US Dollar rose 0.55% to hover around $3,308.30 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index spot was lower by 0.39% at the 99.7300 level.
Asian markets were mixed on Tuesday as South Korea's Kospi and India's S&amp;P BSE Sensex index declined. Japan's Nikkei 225 was flat, and Australia's ASX 200, Hong Kong's Hang Seng, and China&#8217;s CSI 300 indices advanced. European markets were higher in early trade.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/05/45536595/big-beautiful-bill-will-explode-the-deficit-and-make-the-rich-richer-congressional-budget-office-estimates-4-income-fall-for-lowest-decile-of-americans-by-2033">Big Beautiful Bill Will &#8216;Explode The Deficit,&#8217; And Make The Rich Richer: Congressional Budget Office Estimates 4% Income Fall For Lowest Decile Of Americans By 2033 </a></li>
</ul>
Photo courtesy: Shutterstock

Equities

Market Summary

Futures

Treasuries

Economics

CFSB

DELL

NVDA

TSLA

US Stocks Likely To Open Lower, Expert Says 'Tariffs Remain A Headwind,' But 'Tax Cut' And 'Easing Of Tensions' In Middle East 'Could Propel Equities Closer To All-Time Highs' (CORRECTED)

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