$PANW

77 stories mentioning PANWUpdated 5d ago

Every FINWIRES story that references PANW, newest first.

What are analysts saying about PANW?

Recent broker actions mentioned in FINWIRES coverage. Compiled from wire headlines; not investment advice.

What's the latest news on PANW?

US Equity Futures Fall Pre-Bell Tuesday as Global Bond Yields, Oil Prices Rise

US equity futures were edging lower pre-bell Tuesday as concerns about inflation and higher oil prices lifted global bond yields while technology-related stocks slipped.Dow Jones Industrial Average futures were 0.5% lower, S&P 500 futures were down 0.5%, and Nasdaq futures were 1% lower.The US 10-year Treasury note yield reached a 20-month high, rising 3 basis points to trade at 4.7880%, while borrowing costs in Japan and the UK attained multi-decade highs.Traders digested the latest round of earnings, with Medtronic (MDT) posting higher fiscal Q1 adjusted earnings and revenue.Palo Alto Networks (PANW) is expected to report its fiscal Q4 results after the market closes. Analysts polled by FactSet expect earnings of $0.98 per share on revenue of $3.35 billion.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 4% at $91.93 per barrel and US West Texas Intermediate crude 2.2% higher at $87.64 per barrel.The final S&P Global manufacturing purchasing managers index for August, due at 9:45 am ET, is seen at 53.4, up from its prior value of 53.2, according to estimates compiled by Bloomberg.The August Institute for Supply Management's manufacturing index, due at 10 am ET, is projected at 55.2, down from 55.6 in the previous month. July job openings from the US Department of Labor's Job Openings and Labor Turnover Survey are expected at 7.313 million, compared with 7.359 million in the prior month. The July construction spending report is also due at 10 am ET.

Dow JonesNasdaq CompositeS&P 500$MDT$PANW

US Markets12d ago

Stocks Down Pre-Bell as Traders Weigh Renewed US-Iran Tensions

US equity futures were tracking in the red on Tuesday as investors weigh Middle East tensions after the US and Iran recently exchanged strikes.The S&P 500 and the Dow Jones Industrial Average declined 0.5% each in premarket activity, while the Nasdaq was off 0.8%. The indexes finished the previous trading session lower.President Donald Trump reportedly told Fox News on Monday that the US will respond to Iran's attacks on its military bases in the Middle East."We're going to hit them hard," Trump reportedly said. "There will be a response."Iran reportedly attacked US bases in Jordan and the United Arab Emirates on Monday, in retaliation for Washington striking Iranian rocket launchers on Tehran's Larak Island. The US attack was the first confirmed military strike against Iran since late July and comes after Washington launched an economic campaign last week to cut off financial channels that support Tehran.Iranian President Masoud Pezeshkian reportedly said Monday that Iran is not seeking to engage in a war with the US, but will respond firmly to any acts of aggression.West Texas Intermediate crude oil rose 2.7% to $88.05 a barrel before the opening bell, while Brent increased 2.2% to $92.47.The UK Maritime Trade Operations said Monday that a tanker was reported to have been struck by three unknown projectiles while transiting the Strait of Hormuz."These developments have once again reduced the prospects of bringing the conflict to an end," Saxo Bank said in a Monday report. "However, with an estimated (6 million to 8) million barrels per day of crude flowing through the strait, the upside risk is for now being capped."Treasury yields were trending higher in premarket action, with the two-year rate gaining 1.2 basis points to 4.36% and the 10-year rate adding 3 basis points to 4.79%.Traders also await the first batch of fresh labor data this week, with the Job Openings and Labor Turnover Survey for July out at 10 am ET. The ADP Employment report, the Challenger, Gray & Christmas job cut report and the government's nonfarm payrolls data, all for August, are due later in the week.US nonfarm payrolls are projected to rebound stronger than expected in August, Oxford Economics said in a note Monday, describing labor market conditions as balanced. The brokerage expects nonfarm payrolls to have increased by 95,000 in August, compared with the Bloomberg-polled consensus of a 55,000 increase.Tuesday's economic calendar also has the final Purchasing Managers' manufacturing index for August at 9:45 am, followed by the Institute for Supply Management's manufacturing index for the same month at 10 am.Federal Reserve Governor Michael Barr is slated to speak at 9:05 am.Shares of GoPro (GPRO) surged 89% pre-bell following media reports that YouTube creator Mark Fischbach has become the company's largest single shareholder. Robinhood Markets (HOOD) inclined 1.9%.Palo Alto Networks (PANW), Dell Technologies (DELL), Credo Technology (CRDO) and MongoDB (MDB) are expected to release their latest financial results after the markets close Tuesday. Medtronic (MDT) posts earnings before the bell, among others.Gold slipped 1.3% to $4,423 per troy ounce, while bitcoin decreased 1.4% to $77,924.

Dow JonesNasdaq CompositeS&P 500$CRDO$DELL$GPRO$HOOD$MDB$MDT$NIO$PANW

US Markets13d ago

Update: Equities Fall as US-Iran Conflict Flares Up; Wall Street Logs Gains for August

(Updates with market moves at the end of the day, and other changes, if any.)Stocks on Wall Street fell on the last trading day of August as oil prices jumped following an escalation in the US-Iran conflict, though equity benchmarks posted monthly gains.The Dow Jones Industrial Average closed Monday trading 0.7% lower at 53,185.90. The S&P 500 declined 0.3% to 7,686.14, while the Nasdaq Composite edged down 0.1% to 26,370.89. Except energy and technology, all sectors were in the red, led by communication services.For the month August, the Nasdaq climbed 3.9%, while the S&P 500 gained 2.6%, following two straight monthly losses for both indexes. The Dow added 1.3%, recording its fifth consecutive monthly rise.West Texas Intermediate crude oil was up 3.1% at $85.97 a barrel in Monday late-afternoon trade, while Brent advanced 2.7% to $90.45. Both benchmarks were on track to post their second monthly gains in a row.The US and Iran reportedly traded strikes for the first time in a month, with American forces attacking two Iranian rocket launchers on Iran's Larak Island, multiple media outlets reported. A spokesperson for US Central Command said that Tehran's Islamic Revolutionary Guard Corps was preparing to launch rockets with sea mines into the Strait of Hormuz, CNN reported.The attack is the first confirmed US military strike against Iran since late July and comes after Washington launched an economic campaign last week to cut off financial channels that support Iran.Iran said it retaliated by attacking US bases in Jordan and the United Arab Emirates, according to a CNN report."These developments have once again reduced the prospects of bringing the conflict to an end," Saxo Bank said Monday in a report. "However, with an estimated (6 million to 8) million barrels per day of crude flowing through the strait, the upside risk is for now being capped."US Treasury yields were mixed, with the two-year yield little changed at 4.35% while the 10-year yield rose 3.8 basis points to 4.76%.Fresh labor market data are scheduled to be released later this week, beginning with the Job Openings and Labor Turnover Survey for July on Tuesday, followed by August's ADP employment report on Wednesday. The Challenger, Gray & Christmas job cut and the government's nonfarm payrolls data, both for August, are due on Thursday and Friday, respectively.US nonfarm payrolls are projected to rebound stronger than expected in August, Oxford Economics said in a note Monday, describing labor market conditions as balanced. The brokerage expects nonfarm payrolls to have increased by 95,000 this month, compared with the Bloomberg-polled consensus of a 55,000 increase.The odds of a quarter-point rate hike next month rose to 66% on Monday from 57% on Friday, according to the CME FedWatch tool. The probability that the Fed will keep the benchmark rate steady fell to 34% from 43%.In company news, shares of Edison International (EIX) sank 23%, the worst performer on the S&P 500, followed by PG&E's (PCG) 20% slide. The state of California amended legislation to protect wildfire survivors' right to sue utilities for equipment-caused blazes, ABC7 reported Sunday. Sempra (SRE) fell 3.1%.Aon (AON) has agreed to acquire insurance brokerage USI Insurance Services from KKR (KKR) and other shareholders in an all-cash deal worth roughly $17 billion. Aon shares slumped 9.5%, the third-steepest decline on the S&P 500.Nvidia (NVDA) expanded its partnership with chip designer MediaTek, including a $3.5 billion investment, to support adoption of the company's proprietary interconnect technology for custom rack-scale artificial intelligence chips. Shares of the tech bellwether rose 1.5%, the third-biggest gain on the Dow.Broadcom (AVGO), Palo Alto Networks (PANW), Dell Technologies (DELL) and Snowflake (SNOW) are among the companies expected to release their latest financial results this week.Spot gold was little changed at $4,454.05 per troy ounce, while silver lost 0.8% to $67.25 per ounce.

Dow JonesNasdaq CompositeS&P 500$AON$AVGO$DELL$EIX$NVDS$PANW$PCG$SNOW$SRE

Wire13d ago

Scotiabank Raises Palo Alto Networks Price Target to $430 From $320, Sector Outperform Rating Kept

Palo Alto Networks (PANW) has an average rating of overweight and mean price target of $370.12, according to analysts polled by FactSet.Price: $379.83, Change: $+8.24, Percent Change: +2.22%

$PANW

US Markets13d ago

Update: Equities Fall Intraday as Oil Prices Rise on Renewed US-Iran Hostilities

(Updates with latest market prices and developments.)US benchmark equity indexes were lower intraday as hostilities resumed between the US and Iran, driving oil prices higher.The Dow Jones Industrial Average was down 0.6% at 53,230.7 after midday Monday, while the S&P 500 fell 0.5% to 7,676.8. The Nasdaq Composite dipped 0.4% to 26,304.6. Except energy, all sectors were in the red, led by communication services.West Texas Intermediate crude oil climbed 2.9% to $85.85 a barrel, while Brent advanced 2.8% to $90.59.The US and Iran reportedly traded strikes for the first time in a month, with American forces attacking two Iranian rocket launchers on Iran's Larak Island, multiple media outlets reported. A spokesperson for US Central Command said that the attack came as Tehran's Islamic Revolutionary Guard Corps was preparing to launch rockets with sea mines into the Strait of Hormuz, CNN reported.The attack is the first confirmed US military strike against Iran since late July and comes after Washington launched an economic campaign last week to cut off financial channels that support Iran.Iran said it retaliated by attacking US bases in Jordan and the United Arab Emirates, according to a CNN report."These developments have once again reduced the prospects of bringing the conflict to an end," Saxo Bank said Monday in a report. "However, with an estimated (6 million to 8) million barrels per day of crude flowing through the strait, the upside risk is for now being capped."US Treasury yields were mixed intraday, with the two-year yield little changed at 4.35% while the 10-year yield rose 3.4 basis points to 4.76%.Fresh labor market data are scheduled to be released later this week, beginning with the Job Openings and Labor Turnover Survey for July on Tuesday, followed by August's ADP employment report on Wednesday. The Challenger, Gray & Christmas job cut and the government's nonfarm payrolls data, both for August, are due on Thursday and Friday, respectively.The odds of a quarter-point rate hike next month rose to 66% on Monday from 57% on Friday, according to the CME FedWatch tool. The probability that the Fed will keep the benchmark rate steady fell to 34% from 43%.In company news, shares of Edison International (EIX) sank 24% intraday, the worst performer on the S&P 500, followed by PG&E's (PCG) 19% slide. The state of California amended legislation to protect wildfire survivors' right to sue utilities for equipment-caused blazes, ABC7 reported Sunday. Sempra (SRE) was down 3.4%.Aon (AON) has agreed to acquire insurance brokerage USI Insurance Services from KKR (KKR) and other shareholders in an all-cash deal worth roughly $17 billion. Aon shares slumped 7.4%, among the steepest declines on the S&P 500.Nvidia (NVDA) expanded its partnership with chip designer MediaTek, including a $3.5 billion investment, to support adoption of the company's proprietary interconnect technology for custom rack-scale artificial intelligence chips. Shares of the tech bellwether were up 1.1%, among the biggest gains on Dow.Broadcom (AVGO), Palo Alto Networks (PANW), Dell Technologies (DELL) and Snowflake (SNOW) are among the companies expected to release their latest financial results this week.Spot gold declined 0.5% to $4,432.35 per troy ounce, while silver lost 1.1% to $67.04 per ounce.

Dow JonesNasdaq CompositeS&P 500$AON$AVGO$DELL$EIX$NVDS$PANW$PCG$SNOW$SRE

Wire13d ago

Jefferies Adjusts Price Target on Palo Alto Networks to $450 From $335, Maintains Buy Rating

Palo Alto Networks (PANW) has an average rating of overweight and mean price target of $370.12, according to analysts polled by FactSet.Price: $375.32, Change: $+3.73, Percent Change: +1.00%

$PANW

Asia Markets13d ago

Update: US Equity Futures Slightly Lower Pre-Bell as US, Iran Resume Hostilities in Middle East

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were edging slightly lower pre-bell Monday as the US and Iran resumed hostilities for the first time since late July, raising oil prices and dampening hopes for an early resolution of the conflict between the two nations.Dow Jones Industrial Average futures were 0.2% lower, S&P 500 futures were down 0.2%, and Nasdaq futures were 0.2% lower.US forces on Sunday struck two rocket launchers on Iran's Larak Island, US Central Command told MS Now. Iran responded by attacking US bases in Jordan, Iranian state media reported.President Donald Trump posted on Truth Social an AI-generated video clip that he said showed Iran's oil hub Kharg Island being "blown to smithereens."Expected to report financial results this week are Dell Technologies (DELL), Palo Alto Networks (PANW), Medtronic (MDT), Broadcom (AVGO), Snowflake (SNOW), and Hewlett Packard Enterprise (HPE).Oil prices were higher, with front-month global benchmark North Sea Brent crude up 5.5% at $90.85 per barrel and US West Texas Intermediate crude 3.4% higher at $86.26 per barrel.The Dallas Fed manufacturing survey for August will be released at 10:30 am ET.In other world markets, Japan's Nikkei closed 0.1% lower, Hong Kong's Hang Seng ended 0.1% lower, and China's Shanghai Composite finished 0.9% higher. Meanwhile, Germany's DAX index was 0.6% lower in Europe's early afternoon session. The UK's FTSE 100 was closed for a public holiday.In equities, stocks of Exxon Mobil (XOM), Chevron (CVX), and Shell (SHEL) were higher as oil prices increased. Exxon Mobil shares rose 2.1%, Chevron stock was up 2.4%, and Shell (SHEL) shares were 1.3% higher.On the losing side, PG&E (PCG) stock was more than 16% lower after an ABC7 report on Sunday that the company faces continued legal exposure after California amended legislation to protect wildfire survivors' right to sue utilities for equipment-caused blazes. Pinterest (PINS) shares were down 3.2% after the company disclosed late Friday that Chief Financial Officer Julia Brau Donnelly will leave the company on Oct. 30 after three years to pursue an opportunity at a private company.

Dow JonesNasdaq CompositeS&P 500$AVGO$CVX$DELL$HPE$MDT$PANW$PCG$PINS$SHEL$SNOW$XOM

US Markets13d ago

Stocks Down Pre-Bell as US, Iran Exchange Strikes; Investors Await Fresh Labor Market Data

The benchmark US stock measures were pointing lower before the opening bell Monday after the US and Iran reportedly traded strikes for the first time in a month, while investors await fresh labor market data.The S&P 500, the Dow Jones Industrial Average and the Nasdaq were down 0.2% each in premarket activity. The indexes finished Friday's trading session in the red.The US Central Command said its forces struck two Iranian rocket launchers on Iran's Larak Island, multiple media outlets reported. A spokesperson for CENTCOM reportedly said that the attack was launched as Tehran's Islamic Revolutionary Guard Corps was observed preparing to launch rockets with sea mines into the Strait of Hormuz.The attack is the first confirmed US military strike targeting Iran since late July and comes after Washington launched an economic campaign last week to cut off financial channels that support Iran.The IRGC said Monday that it launched a retaliatory attack on two US bases in Jordan, according to Iranian media.West Texas Intermediate crude oil spiked 3.8% to $86.54 a barrel before the open, while Brent gained 3.7% to $91.33.Treasury yields were mixed in premarket action, with the two-year rate retreating 2.5 basis points to 4.33% while the 10-year rate rose 0.2 basis points to 4.72%.Fresh labor market data is scheduled to be released later this week, beginning with the Job Openings and Labor Turnover Survey for July on Tuesday, followed by August's ADP employment report on Wednesday. The Challenger Job Cut and the government's nonfarm payrolls data, both for August, are due on Thursday and Friday, respectively.In his debut Jackson Hole speech as Federal Reserve Chair, Kevin Warsh said Friday that inflation numbers were concerning, citing the central bank's preferred metric -- the personal consumption expenditure price index -- which was unchanged at 3.7% year over year in July."Warsh's Jackson Hole keynote speech kept his options wide open, but his comments suggest that he, like others on the committee, is close to concluding that inflation isn't moving back toward the 2% target quickly enough," Oxford Economics said in a report emailed to.The odds of a quarter-point rate hike next month currently stand at 62%, up from 57% on Friday, according to the CME FedWatch tool. The probability that the Fed will keep the benchmark rate steady fell to about 38% from 43%.US consumer sentiment dropped in August amid concerns that inflation will continue to be high for the "foreseeable future," final results of a University of Michigan survey showed Friday.Monday's thin economic calendar has the Dallas Fed manufacturing survey for August at 10:30 am ET.Broadcom (AVGO), Palo Alto Networks (PANW), Dell Technologies (DELL) and Snowflake (SNOW) are some of the major companies expected to release their latest financial results this week. Science Applications International (SAIC) posts its earnings before the bell Monday.Gold declined 0.7% to $4,499 per troy ounce, while bitcoin decreased 0.5% to $78,457.

Dow JonesNasdaq CompositeS&P 500$AVGO$DELL$PANW$SAIC$SNOW

Japan13d ago

US Equity Futures Slightly Lower Pre-Bell as US, Iran Resume Hostilities in Middle East

US equity futures were edging slightly lower pre-bell Monday as the US and Iran resumed hostilities for the first time since late July, raising oil prices and dampening hopes for an early resolution of the conflict between the two nations.Dow Jones Industrial Average futures were 0.2% lower, S&P 500 futures were down 0.2%, and Nasdaq futures were 0.2% lower.US forces on Sunday struck two rocket launchers on Iran's Larak Island, US Central Command told MS Now. Iran responded by attacking US bases in Jordan, Iranian state media reported.President Donald Trump posted on Truth Social an AI-generated video clip that he said showed Iran's oil hub Kharg Island being "blown to smithereens".Expected to report financial results this week are Dell Technologies (DELL), Palo Alto Networks (PANW), Medtronic (MDT), Broadcom (AVGO), Snowflake (SNOW), and Hewlett Packard Enterprise (HPE).Oil prices were higher, with front-month global benchmark North Sea Brent crude up 3.4% at $91.10 per barrel and US West Texas Intermediate crude 3.7% higher at $86.53 per barrel.The Dallas Fed manufacturing survey for August will be released at 10:30 am ET.

Dow JonesNasdaq CompositeS&P 500$AVGO$DELL$HPE$MDT$PANW$SNOW

US Markets17d ago

CrowdStrike Raises Full-Year Annual Recurring Revenue Outlook as AI Adoption Drives Cybersecurity Demand

CrowdStrike (CRWD) shares spiked early Thursday after the company raised its full-year net new annual recurring revenue, or ARR, outlook amid increasing demand for cybersecurity solutions to address artificial intelligence risks, while the firm reported better-than-expected fiscal second-quarter results.ARR, which measures the annualized value of all the company's active customer subscription contracts, is now anticipated to come in between $6.6 billion and $6.61 billion for fiscal 2027, it said late Wednesday. The firm previously projected the metric to be in a range of $6.53 billion to $6.56 billion, while FactSet's current consensus is $6.58 billion.At the midpoint of the guidance, CrowdStrike now expects about $1.36 billion of net new ARR for the ongoing fiscal year, representing growth of about 34% versus its initial forecast for an increase of roughly 23%, Chief Financial Officer Burt Podbere said during an earnings call, according to a FactSet transcript. The stock grew 8.4% in the most recent premarket activity."Our outlook reflects the strength we see in the business while maintaining a prudent approach," according to Podbere. "As AI expands the attack surface and increases the urgency around cybersecurity, we believe it is driving a broader security modernization cycle that creates durable demand across the Falcon platform."In the quarter ended July, ARR jumped 25% year over year to $5.84 billion, topping the Street's view for $5.79 billion. Net new ARR surged 51% annually to $332.8 million, an "all-time record," Podbere said on the call.The global market has accepted that AI adoption needs cybersecurity, with new models creating a new risk environment, Chief Executive George Kurtz told analysts. "Every enterprise will run on AI, and securing it is the largest market opportunity in our history," Kurtz added."A second consecutive increase to (fiscal 2027) expectations, improving retention metrics and record (third-quarter) pipeline suggest the current demand environment remains durable," Truist Securities said in a Wednesday client note. "We continue to view CrowdStrike as one of the primary beneficiaries of the increasing convergence of AI, platform consolidation and cybersecurity modernization."CrowdStrike posted adjusted earnings of $0.31 per share for the second quarter, up from $0.23 the year before, ahead of the average analyst estimate of $0.29. Revenue rose 26% to $1.47 billion, surpassing the market's forecast of $1.44 billion, while subscription revenue recorded a 27% yearly gain to $1.4 billion."Both our dollar-based net and gross retention rates improved sequentially," according to Podbere.For fiscal 2027, the company now sees adjusted EPS coming in at $1.25 to $1.26. In June, CrowdStrike projected adjusted EPS of $4.88 to $4.96 for the year and announced a four-for-one stock split. Revenue is now projected at $5.99 billion to $6.01 billion, up from the prior outlook of $5.91 billion to $5.96 billion. The Street is looking for non-GAAP EPS of $1.24 and sales of $5.98 billion.CrowdStrike expects ARR of $6.18 billion to $6.19 billion for the current three-month period, reflecting net new ARR of $343 million to $347 million, Podbere said. Analysts surveyed by FactSet are estimating $6.16 billion.It also anticipates adjusted EPS of $0.31 on a revenue range of $1.52 billion to $1.53 billion. The market expects $0.31 in non-GAAP EPS and $1.52 billion in sales.Rival SentinelOne (S) is scheduled to release its latest financial results after the markets close Thursday. Palo Alto Networks (PANW) and Zscaler (ZS) post their earnings next week.

$CRWD$PANW$S$ZS

Wire18d ago

Market Chatter: Palo Alto Networks CEO Pursued Acquisitions of Datadog, Okta in Last 18 Months

Palo Alto Networks (PANW) chief executive officer Nikesh Arora explored acquiring Datadog (DDOG) and Okta (OKTA) over the past 18 months, as he has looked to expand the cybersecurity company's products to handle new AI threats, The Information reported Wednesday, citing two people with knowledge of the situation.After those potential deals fell through, Palo Alto bought Okta competitor CyberArk for $25 billion in February and Datadog competitor Chronosphere for $3.35 billion in January, the report said.Palo Alto Networks didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $338.53, Change: $-1.37, Percent Change: -0.40%

$DDOG$OKTA$PANW

Wire18d ago

Palo Alto Networks CEO Explored Acquisitions of Datadog, Okta in Last 18 Months, The Information Reports

$DDOG$OKTA$PANW

Wire24d ago

Palo Alto Networks, Okta, SailPoint Seen Benefiting as Agentic Identity Security Shifts to Platforms, Morgan Stanley Says

Palo Alto Networks (PANW), Okta (OKTA), and SailPoint (SAIL) are well positioned to benefit from an anticipated move by enterprises toward new identity-security architectures and platforms as security risks emerge from the growth of autonomous AI agents, Morgan Stanley said in a Thursday note.The agentic identity market represents an opportunity of more than $60 billion in the coming years, Morgan Stanley analysts said. Identity-security offerings will need to expand their capabilities to make access and governance decisions in real time and at a much larger scale to handle AI agents.This architectural shift will move identity security toward platforms, as fragmented tools may not keep pace with modern attacks, according to the note.Despite Palo Alto and SailPoint having an advantage in performing real-time behavioral analysis through Palo Alto's privileged-access-management capabilities and SailPoint's identity-governance-and-administration offerings, Okta is seen as first to market with a more comprehensive platform, the analysts said.However, Palo Alto's CyberArk business gives it the strongest positioning in terms of data and client reach, the analysts said.SailPoint is also viewed favorably due to the importance of identity governance in agentic identity security, but its share-ownership overhang poses an obstacle to bringing its stock valuation closer to peer valuations, according to the note.Morgan Stanley maintained overweight ratings on the three companies and raised Okta's price target to $180 from $115 and SailPoint's to $22 from $18.Price: $358.45, Change: $-1.31, Percent Change: -0.36%

$OKTA$PANW$SAIL

Sectors24d ago

Sector Update: Tech Stocks Decline Premarket Thursday

Technology stocks were declining premarket Thursday, with the State Street Technology Select Sector SPDR Fund (XLK) down 0.4% and the State Street SPDR S&P Semiconductor ETF (XSD) 0.9% lower.Palo Alto Networks (PANW) and NTT DATA signed a multiyear alliance targeting $1 billion in joint business by the end of 2029 to support organizations' adoption of artificial intelligence and modernization of cybersecurity, the companies said. Shares of Palo Alto Networks were down 1.6% pre-bell.CrowdStrike's (CRWD) global Chief Technology Officer Elia Zaitsev has stepped down from his role to launch an early-stage venture capital fund focused on cybersecurity, Zaitsev said in a LinkedIn post. CrowdStrike stock was down 2.7% premarket.NetEase (NTES) shares were down 3.8% after the company reported lower Q2 non-GAAP earnings, which also fell short of analysts' expectations.

$CRWD$NTES$PANW$XLK$XSD

Commodities24d ago

Exchange-Traded Funds Lower, Equity Futures Mixed Pre-Bell Thursday Amid Renewed Inflation Concerns

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.5% and the actively traded Invesco QQQ Trust (QQQ) retreated 0.6% in Thursday's premarket activity as rising bond yields and a jump in oil prices renewed inflation concerns.US stock futures were mixed, with S&P 500 Index futures down 0.03%, Dow Jones Industrial Average futures slipping 0.1%, and Nasdaq futures gaining 0.1% before the start of regular trading.In premarket activity, bitcoin was up by 4.9%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 4.8% higher, Ether ETF (EETH) advanced 8.3%, and Bitcoin & Ether Market Cap Weight ETF (BETH) gained 3.8%.US initial jobless claims fell to a level of 206,000 in the employment survey week ended Aug. 15 from an upwardly revised 212,000 level in the previous week, compared with expectations for a level of 210,000 in survey of analysts compiled by Bloomberg as of 7:30 am ET.The Philadelphia Federal Reserve's monthly manufacturing index rose to 47.4 in August after advancing to 41.4 in July, compared with expectations for a decrease to a reading of 24.8 in a survey compiled by Bloomberg.Leading indicators data for July will be released at 10 am ET, followed by weekly natural gas stocks at 10:30 am ET.St. Louis Fed President Alberto Musalem is scheduled to speak Thursday.Power Play:FinancialThe State Street Financial Select Sector SPDR ETF (XLF) retreated 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) was down 0.7%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.8% higher.Strategy (MSTR) stock was up more than 10%, Coinbase Global (COIN) shares were up more than 6%, and Circle Internet Group (CRCL) was up 4% as Bitcoin rose above $71,000, continuing its advance from the previous day.Winners and Losers:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated 0.4%, the Vanguard Health Care Index Fund (VHT) was down 0.6%, while the iShares US Healthcare ETF (IYH) gained 0.9%. The iShares Biotechnology ETF (IBB) was 0.9% lower.Moderna (MRNA) shares were down 7% following a 177% rise at the prior close as a late-stage trial for a skin cancer treatment being developed in partnership with Merck (MRK) yielded positive topline results. Merck was 1% lower after a 13% rise at Wednesday's close.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 1.2%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was 1.1% lower, and the iShares US Consumer Staples ETF (IYK) retreated 0.04%. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 1%. The VanEck Retail ETF (RTH) declined 1.5%, while the State Street SPDR S&P Retail ETF (XRT) fell 1.4%.Walmart (WMT) shares were down more than 6% pre-bell after the company's fiscal Q3 guidance trailed analyst expectations.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 0.7%, the iShares US Technology ETF (IYW) was 0.1% lower, and the iShares Expanded Tech Sector ETF (IGM) was down 0.7%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) retreated 1.1%, while the iShares Semiconductor ETF (SOXX) fell more than 1%.Palo Alto Networks (PANW) shares were down more than 2% in premarket activity after a 3.8% fall at the prior close. The company and NTT DATA said they have signed a multiyear alliance targeting $1 billion in joint business by the end of 2029 to support organizations' adoption of artificial intelligence and modernization of cybersecurity.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) retreated 0.5%, the Vanguard Industrials Index Fund (VIS) was down 0.1%, and the iShares US Industrials ETF (IYJ) was inactive.Navios Maritime Partners (NMM) stock was up more than 1% before the opening bell after the company reported higher Q2 adjusted earnings and revenue.EnergyThe iShares US Energy ETF (IYE) gained 0.5%, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 1%.ExxonMobil (XOM) stock was up more than 1% before market open. Bloomberg reported, citing a company presentation, that ExxonMobil warned that Kazakhstan's Tengiz oil field is nearing peak production and that output will fall sharply over the coming decade.CommoditiesFront-month US West Texas Intermediate crude oil rose by 3.7% to $89 per barrel on the New York Mercantile Exchange. Natural gas was down 2% at $2.76 per 1 million British Thermal Units. The United States Oil Fund (USO) increased 3.5%, while the United States Natural Gas Fund (UNG) was 0.6% lower.Gold futures for November were down by 0.7% at $4,514.70 an ounce on the Comex. Silver futures gained 0.7% to reach $67.03 an ounce. SPDR Gold Shares (GLD) declined 1%, and the iShares Silver Trust (SLV) was 0.1% lower.

Dow JonesNasdaq CompositeS&P 500$BETH$BITO$COIN$CRCL$EEM$EETH$EXI$FAS$FAZ$GLD$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$MRK$MRNA$MSTR$NMM$PANW$PMR$QQQ$RTH$SLV$SOXX$SPY$UNG$USO$VDC$VHT$VIS$WMT$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XOM$XRT$XSD

Sectors24d ago

Sector Update: Tech

Technology stocks were declining premarket Thursday, with the State Street Technology Select Sector SPDR Fund (XLK) down 0.5% and the State Street SPDR S&P Semiconductor ETF (XSD) 0.9% lower.Palo Alto Networks (PANW) and NTT DATA signed a multiyear alliance targeting $1 billion in joint business by the end of 2029 to support organizations' adoption of artificial intelligence and modernization of cybersecurity, the companies said. Shares of Palo Alto Networks were down more than 1% pre-bell.

$PANW

Wire25d ago

Palo Alto Networks Faces Mixed Momentum, UBS Says

Palo Alto Networks (PANW) is heading into the end of 2026 with a mix of strengths and challenges, UBS Securities said Tuesday in a report.UBS cited steady customer interest following the company's April Mythos announcement, which introduced new AI-driven security products, though partner feedback hasn't meaningfully strengthened since then.Partners indicated that July was solid with healthy demand for Palo Alto's core security products and continued interest in consolidating multiple security tools onto its platform, UBS said. Firewall sales, the company's original business, remained healthy, the report said.SASE and Prisma Cloud were cited as key growth drivers, UBS said. SASE helps employees securely connect to company systems from anywhere, while Prisma Cloud protects applications and data stored in the cloud. Interest is also building in Prisma AIRS, Palo Alto's new AI-powered security tool, though most customers are still evaluating it, the report said.UBS said Palo Alto's new reporting structure should give investors a clearer view of three businesses: Network Security, which includes firewalls; Cortex, which provides software for detecting and responding to threats; and Identity, rebranded as Idira, which manages access to sensitive systems.UBS forecasts Network Security revenue growth of 12% in 2026 and 11% in 2027, Cortex growth of about 32% each year, and Identity growth of 23% annually.UBS raised its price target on Palo Alto stock to $390 from $300 and maintained its neutral rating.Price: $357.77, Change: $-16.38, Percent Change: -4.38%

$PANW

Wire25d ago

Palo Alto Networks Launches Frontier AI Critical Defense Program

Palo Alto Networks (PANW) has launched its Frontier AI Critical Defense Program, which is intended to help organizations protect critical infrastructure from artificial intelligence-driven cyberattacks, the company said Wednesday.The company said the collaboration is expanding to include Anthropic, OpenAI, Mitsubishi, and Axis Communications.Price: $370.60, Change: $-3.54, Percent Change: -0.95%

$PANW

US Markets30d ago

Major Software Providers Poised for Quarterly Beats Amid 'Bullish' Reseller Feedback, RBC Says

Several major software companies are likely to top expectations for their upcoming quarterly financial results amid an "incrementally more optimistic" feedback from resellers and other factors, RBC Capital Markets said in a note e-mailed Friday.The brokerage raised its price targets for 12 of the 14 software providers in its sector coverage, including CrowdStrike (CRWD) and Snowflake (SNOW), which it tagged as its "favorite growth idea." RBC expects both Autodesk (ADSK) and CrowdStrike, in particular, to raise their respectively financial outlooks."Our recent checks and on-quarter results from our (artificial intelligence), cyber, infra and data coverage leave us more optimistic as we head into the (second half of the year), with upside to consensus estimates now appearing more likely," Matthew Hedberg, RBC's head of global technology, internet, media and telecom research, said in a note to clients."Our off-(quarter) cyber checks were particularly bullish, as we found resellers incrementally more optimistic regarding recent results and the potential for a strong (second half)," Hedberg wrote.The brokerage raised its price target on the Snowflake stock to $372 from $313. "We continue to believe Snowflake is one of the few software companies benefiting directly from AI-readiness as we remain positively biased on shares," Hedberg said.RBC revised its price target for CrowdStrike's shares to $256 from $188.75. The brokerage tagged the company as a "top (long-term) idea and category leader.""Following another round of bullish reseller checks, we look for another strong beat/raise quarter (for CrowdStrike)," Hedberg said. "While we think demand trends remain very healthy and assume nice upside to (second-quarter) estimates, the (short-term) setup is trickier, as CrowdStrike has higher company-specific expectations and valuation (versus) peers."While RBC maintained its $305 price target on the Autodesk stock, Hedberg described the company's setup as "favorable coming off a strong beat-and-raise quarter.""We believe (fiscal 2027) guidance has an opportunity to move slightly higher this quarter and over (the second half)," Hedberg wrote. "We continue to like design and vertical software ideas like (Autodesk), as we believe they are less prone to AI headwinds and could start to see AI tailwinds due to proprietary data moats."Citing "peer-multiple expansion," RBC also raised its price targets for GitLab (GTLB), Okta (OKTA), Palo Alto Networks (PANW), SailPoint (SAIL), among other names. It maintained its price target on the Zscaler (ZS) stock at $200.Price: $217.71, Change: $-7.82, Percent Change: -3.47%

$ADSK$CRWD$GTLB$OKTA$PANW$SAIL$SNOW$ZS

Sectors38d ago

Sector Update: Tech Stocks Mixed Late Afternoon

Tech stocks were mixed late Thursday afternoon with the State Street Technology Select Sector SPDR ETF (XLK) easing 0.2% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 2.8%.The Philadelphia Semiconductor Index rose 0.7%.Nscale is informing prospective investors that it has $51 billion in contracted revenue ahead of a US initial public offering that might occur as soon as September, Bloomberg reported.Apple (AAPL) sued OpenAI, which is backed by Microsoft (MSFT), over trade secret theft, though the AI company asked a federal judge to dismiss the case as meritless, Bloomberg reported. Apple shares rose 0.5%, and Microsoft added 2.3%.Space Exploration Technologies (SPCX) will build a vertically integrated semiconductor fabrication facility in Grimes County, Texas, with phase one of the Terafab project including a capital investment of more than $16.8 billion, Governor Greg Abbott said in a statement. SpaceX shares rose 4.6%.AppLovin (APP) shares fell 20% after Q2 revenue fell short of market estimates.Palo Alto Networks' (PANW) products sold in China are undergoing a cybersecurity review by the country's regulators, Bloomberg reported. Palo Alto shares fell 0.9%.

$AAPL$APP$MSFT$PANW$SPCX

Showing 21-40 of 77

Track with the FINWIRES app suite

FolioX

Track PANW in your portfolio

WheelAI

Analyze PANW options with the wheel strategy

StockInsider

See market sentiment on PANW