Palo Alto Networks Raises Forecast on Strong AI Demand
Palo Alto Networks increased its fiscal 2026 revenue forecast to a range of $11.415 billion to $11.425 billion following strong quarterly results. Shares rose 7.4% as the company benefits from increased enterprise spending on AI-driven security.
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PALO ALTO NETWORKS INC raised its fiscal 2026 revenue forecast to a $11.425 billion ceiling as shares jumped 7.4% in late evening. The updated outlook exceeds the previous $11.31 billion projection after third-quarter revenue grew 31% to $3 billion. Rising AI-driven cyber threats are accelerating enterprise spending on cloud, identity, and integrated security products.
