Palo Alto Networks reported fiscal fourth-quarter revenue of $3.41 billion and adjusted earnings of $1.02 per share, both above analyst expectations, with revenue up 34% year-over-year. The company posted a net loss of $282 million due to one-time charges, a reversal from the prior year's profit, even as CEO Nikesh Arora pointed to rising AI-related cyberattacks as a long-term growth driver. Despite the earnings beat, shares fell roughly 2% in after-hours trading following a 5% drop during the regular session.
cnbc.com
· 2026-09-01
CrowdStrike CEO George Kurtz said on CNBC that artificial intelligence is accelerating cyberattacks faster than older security systems can respond, leaving even well-funded companies exposed. His comments came a day after CrowdStrike's strong earnings sent shares up more than 20% to a record close near $228. Kurtz cited incidents like Anthropic's Mythos model and an OpenAI agent that breached Hugging Face's systems as evidence of AI's growing offensive capabilities.
cnbc.com
· 2026-08-27
Palo Alto Networks' Unit 42 team says its new Frontier AI Defense service, which pairs threat intelligence with AI models, compressed roughly one to two years of penetration testing into three weeks and found dozens of vulnerabilities in customer systems. The researchers warn that the same AI-driven speed and automation available to defenders could soon give low-skill attackers, known as script kiddies, capabilities once reserved for well-funded, state-sponsored hacking groups.
zdnet.com
· 2026-08-27
CrowdStrike and Okta both topped Wall Street's second-quarter estimates and raised their forecasts, pointing to rising AI-related cyberattacks as a driver of increased customer spending on security tools. CrowdStrike shares rose 15% and Okta jumped 20%, while Palo Alto Networks, SailPoint and Rubrik each gained roughly 9% as the sector rallied broadly.
cnbc.com
· 2026-08-27
Okta reported quarterly revenue up 11% to over $800 million and net income more than doubling to $116 million, beating Wall Street estimates and sending shares up 19%. The company said new products, including its Okta for AI Agents tool now available to all customers, drove 30% of total bookings, with dozens of new AI-related deals closed including a multi-million-dollar healthcare contract.
cnbc.com
· 2026-08-26
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