10 AI News Dominating Wall Street Today

5. Palo Alto Networks, Inc. (NASDAQ:PANW)

Number of Hedge Fund Holders: 64

Palo Alto Networks, Inc. (NASDAQ:PANW) is a leader in AI-powered cybersecurity. On December 19, the company announced that it has received Federal Risk and Authorization Management Program (FedRAMP) High Authorization across its industry-leading network, cloud, and security operations (SOC) platforms. The “FedRAMP High Authorization” signifies that a cloud service provider has met the most rigorous security controls necessary to handle highly sensitive and classified government data. The achievement has allowed Palo Alto to offer the most comprehensive suite of AI-powered cybersecurity solutions authorized for use in federal networks at the High-impact level. Powered by artificial intelligence and automation, the company’s unified platform offers customers operational efficiencies and protection against cyber threats.

“Today’s disconnected infrastructure makes security complex and difficult to manage. This authorization is validation of Palo Alto Networks platform approach and the ability to ingest and correlate data from an integrated approach and provide comprehensive security across platforms of products. We have long championed the efforts of FedRAMP to ensure products are tested and vetted to meet the highest of standards in protecting our government. We will continue to work with FedRAMP to further expand on the products and features offered in the HIGH authorization”.

-Eric Trexler, senior vice president, US Public Sector, Palo Alto Networks.