10 AI Stocks Making Headlines This Week

8. 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 March 26, the company announced a multiyear North American partnership with the National Hockey League (NHL®) to ensure maximum cybersecurity for the league, including NHL arenas. NHL has been using Palo Alto’s cybersecurity solutions since 2009, leveraging its next-generation firewalls (NGFWs), cloud security, and AI-powered security operations. Meanwhile, League employees have been browsing securely with Prisma® Access Browser and safely using AI apps with AI Access Security.

Through the new partnership, the company will provide NHL with exclusive marketing rights and designations that will connect the Palo Alto Networks brand with the NHL and its fans through the NHL’s vast marketing, digital, and social media channels. NHL will be able to improve the number of threats blocked per month, enhance security for IoT devices, reduce mean time to respond (MTTR) to security alerts, and provide a secure user experience.

“Like us, the NHL is always innovating, and we are thrilled to embark on this partnership evolution. Through our platformization approach, we are committed to helping keep the NHL secure. We are proud to stand alongside the NHL as their trusted cybersecurity partner and look forward to continuing to deliver value to the NHL’s business while seizing the opportunities of this deepened relationship.”

-KP Unnikrishnan, Chief Marketing Officer from Palo Alto Networks.