Accenture, Microsoft, and Amazon have all tapped this provider of network firewalls as a strategic partner and customers such as Austrian Airlines, Motorola, Qualcomm, and Raymond James have selected the company to safeguard their data and prevent them from being the latest victim of a cyberattack. The company’s stock got hammered early in 2017, falling 25% in a week, after it missed sales estimates for its fiscal second quarter. But strong results since indicate that its financial performance is back on track. To step up the pace of innovation, the company recently launched a $20 million security venture fund with a goal of driving development of new security applications on its own proprietary platforms.
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News about Palo Alto Networks
A good quarter for the cybersecurity firm.