Cybersecurity firm Palo Alto Networks (PANW) beat result estimates, reporting revenues of $1.02b – a 25% increase from the same period last year. FYI, analysts expected revenues of $985.7m. Still, its shares were down more than 3% in Monday’s after-hours trading.
The company is behind Cortex (Crash Bandicoot flashback), an AI-based continuous security operations platform whose high-tech security extends into cloud software. According to Palo Alto Networks, around two-thirds of its Fortune 100 customers have already adopted Cortex.