{"id":681092,"date":"2026-06-03T03:11:13","date_gmt":"2026-06-03T03:11:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/681092\/"},"modified":"2026-06-03T03:11:13","modified_gmt":"2026-06-03T03:11:13","slug":"palo-alto-raises-annual-forecasts-on-strong-ai-cybersecurity-demand-shares-surge","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/681092\/","title":{"rendered":"Palo Alto raises annual forecasts on strong AI cybersecurity demand, shares surge"},"content":{"rendered":"\n<p class=\"yf-1fy9kyt\">June 2 (Reuters) &#8211; Palo Alto Networks raised its annual revenue and profit \u200cforecast on Tuesday, as enterprises increased \u200cspending on cloud, identity and AI-driven cybersecurity products \u200bamid a rising threat landscape, sending shares up 7.4% in extended trading.<\/p>\n<p class=\"yf-1fy9kyt\">Here are some details on the results:<\/p>\n<p class=\"yf-1fy9kyt\">\u2022 Santa Clara, \u200cCalifornia-based Palo Alto \u2060expects revenue of $11.415 billion to $11.425 billion for fiscal 2026, above \u2060its prior projection of $11.28 billion to $11.31 billion.<\/p>\n<p class=\"yf-1fy9kyt\">\u2022 AI has emerged as a major growth \u200bdriver for \u200bthe company, \u200bwith rising AI-driven cyber \u200cthreats expected to accelerate enterprise cybersecurity spending and strengthen demand for platform-based vendors such as Palo Alto Networks.<\/p>\n<p class=\"yf-1fy9kyt\">\u2022 The company provides integrated network, cloud, identity and \u200cAI security solutions.<\/p>\n<p class=\"yf-1fy9kyt\">\u2022 Palo \u200bAlto expects adjusted profit \u200bper share \u200bof $3.77 to $3.79 for fiscal 2026, \u200cup from its prior forecast \u200bof $3.65 to $3.70.<\/p>\n<p class=\"yf-1fy9kyt\">\u2022 \u200bRevenue for the third quarter grew 31% to $3 billion, above estimates of $2.94 \u200bbillion, according \u200cto data compiled by LSEG.<\/p>\n<p class=\"yf-1fy9kyt\">(Reporting by \u200bHarshita Mary Varghese in Bengaluru; Editing \u200bby Shreya Biswas)<\/p>\n","protected":false},"excerpt":{"rendered":"June 2 (Reuters) &#8211; Palo Alto Networks raised its annual revenue and profit \u200cforecast on Tuesday, as enterprises&hellip;\n","protected":false},"author":2,"featured_media":681093,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[182,47066,181,507,116711,10432,23626,74],"class_list":["post-681092","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-annual-revenue","tag-artificial-intelligence","tag-artificialintelligence","tag-cyber-threats","tag-palo-alto","tag-palo-alto-networks","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/681092","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=681092"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/681092\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/681093"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=681092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=681092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=681092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}