15 AI News That Should Not Be Ignored

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

Market Capitalization: $130.28 billion

Palo Alto Networks, Inc. (NASDAQ:PANW) is a leading cybersecurity company offering security solutions for all apps, users, and devices. The company leverages artificial intelligence, such as Precision AI; Palo Alto Networks’ proprietary AI system, to detect and mediate threats in an AI-first world.

On November 11, Barclays raised the firm’s price target on Palo Alto Networks, Inc. (NASDAQ:PANW) to $425 from $410 and kept an “Overweight” rating on the shares. The rating comes amid anticipation of the company’s upcoming earnings report on November 20. The firm expects strong fiscal Q1 results, supported by bookings and annual recurring revenue (ARR). This positive outlook is attributed to favorable channel checks indicating strong sales activity, increasing adoption of its platform offerings, and the beneficial effects of seasonality, which typically boosts performance during this period.

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