Palo Alto Networks Secures UK Emergency Services Network in Collaboration with IBM

What's Going On With Palo Alto Networks Stock Today? - Palo Alto Networks (NASDAQ:PANW)

Palo Alto Networks, Inc. PANW shares are trading higher on Wednesday. In fact, shares of software companies are trading higher amid overall market strength after CPI data was in line with estimates and core CPI rose by less than expected. Meanwhile, Palo Alto announced it is working with International Business Machines Corporation IBM and the U.K. Home Office's ESMCP to develop solutions for User Services for the Emergency Services Network. Palo Alto Networks said this multi-year project, led by IBM UK, aims to enhance the security and effectiveness of the Emergency Services Network, which supports frontline police, fire, and ambulance services across Great Britain. Palo Alto Networks will play a critical role in securing the ESN's infrastructure. The company will leverage its security platforms, including Precision AI-powered protection for mobile networks, cloud assets, and Security Operations Centers (SOC). Also Read: Big Banks Crush Q4 Earnings Forecasts: Financial Stocks Set For Biggest 1-Day Rally Since Trump's Election The company's offerings will also include 24/7 cyber incident response, digital forensic services, and Unit 42 Incident Response Services, providing protection against emerging cyber threats. The collaboration aims to ensure that the ESN's communications platform remains highly secure and resilient, enabling better data sharing and collaboration among emergency services during critical operations. Helmut Reisinger, CEO of Palo Alto Networks, EMEA & LATAM, highlighted the importance of security in the U.K.'s IT transformation efforts for emergency services. "We commend the UK's Home Office for their vision for secure modern IT transformation through security platformization," Reisinger added. Price Action: PANW shares are trading higher by 2.71% to $175.20 at last check Wednesday. Read Next: US Stocks To Open Higher Ahead Of December Inflation Data: All Eyes On Banking Stocks As JPMorgan, Goldman, Citi, Wells Fargo Report Quarterly Earnings Image by Michael Vi via Shutterstock. PANWPalo Alto Networks Inc$175.542.91%Overview Rating:Speculative50%Technicals Analysis660100Financials Analysis400100WatchlistOverviewIBMInternational Business Machines Corp$219.190.66% This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs

Palo Alto Networks to Secure Great Britain's Emergency Services Network - Palo Alto Networks (NASDAQ:PANW)

Providing Precision AI-powered comprehensive platform protection across network, cloud, and SOC environments and 24/7 cyber incident response services LONDON and SANTA CLARA, Calif., Jan. 15, 2025 /PRNewswire/ -- Palo Alto Networks PANW, the global cybersecurity leader, today announced that it is working with IBM and the UK Home Office's Emergency Services Mobile Communications Programme (ESMCP), to develop solutions for User Services for the Emergency Services Network (ESN). Palo Alto Networks will provide security solutions with IBM and the UK Home Office's ESMCP for Great Britain's ESN. The multi-year project, led by IBM UK, will provide a modern, highly secured voice and data platform that enables ESN to improve front-line operations, as well as a common platform to enable closer collaboration and data sharing in emergencies for police, fire, and ambulance services. Palo Alto Networks will play a pivotal role in securing ESN, which will include Precision AI™-powered comprehensive platform protection across network including mobile network, cloud assets, security operations center (SOC) environments, supported by a 24/7 cyber incident response and digital forensic services, and Unit 42® Incident Response Services. This comprehensive security platform approach will enable ESN to achieve optimal security outcomes across their network, cloud, and security operations environments. By leveraging these platforms, ESN will benefit from advanced protection against evolving and dynamic cyber threats. Rahul Kalia, Managing Partner, IBM Consulting UK & Ireland: "We are proud to support the Emergency Services Network in delivering a secure and resilient communications platform to empower frontline emergency services," said Rahul Kalia, Managing Partner, IBM Consulting UK and Ireland. "Working with our ecosystem partners, we will deliver mission-critical services for first responders to enhance safety in our communities across Great Britain. We look forward to working with the Government to deliver this in a timely and cost-effective manner." Helmut Reisinger, CEO of Palo Alto Networks, EMEA & LATAM: "We are proud to be part of such a critical national infrastructure project alongside IBM and other partners to ensure the security and communications resilience of the Home Office's Emergency Services Mobile Communications Programme. We commend the UK's Home Office for their vision for secure modern IT transformation through security platformization." Palo Alto Networks platform and services will enable the ESN to benefit from: Optimal security outcomes across their Private-5G network, cloud, and security operations technology (5G-OT) environments.Advanced protection against evolving cyber threats.Unique Zero Trust mobile network security approachStreamlined and very effective security operations, improved threat detection and response, and strengthened overall security posture.Incident response processes that align with industry best practices, regulatory requirements, and ESN's unique risk profile. About Palo Alto Networks Palo Alto Networks is the global cybersecurity leader, committed to making each day safer than the one before with industry-leading, AI-powered solutions in network security, cloud security, and security operations. Powered by Precision AI™, our technologies deliver precise threat detection and swift response, minimizing false positives and enhancing security effectiveness. Our platformization approach integrates diverse security solutions into a unified, scalable platform, streamlining management and providing operational efficiencies with comprehensive protection. From defending network perimeters to safeguarding cloud environments and ensuring rapid incident response, Palo Alto Networks empowers businesses to achieve holistic Zero Trust security and confidently embrace digital and AI-transformations in an ever-evolving threat landscape. This unwavering commitment to security and innovation makes us the cybersecurity partner of choice for public organizations and enterprises. At Palo Alto Networks, we're committed to bringing together the very best people in service to our mission. We're proud to be recognized among Newsweek's Most Loved Workplaces (2021-2024) and to have a score of 100 on the Disability Equality Index (2024, 2023, 2022) and HRC Best Places for LGBTQ+ Equality (2022). For more information, visit www.paloaltonetworks.com. Palo Alto Networks, Prisma, Code to Cloud, Cortex, Cortex XSIAM, Precision AI, Unit 42 and the Palo Alto Networks logo are trademarks of Palo Alto Networks, Inc. in the United States and in jurisdictions throughout the world. All other trademarks, trade names, or service marks used or mentioned herein belong to their respective owners. View original content to download multimedia:https://www.prnewswire.com/news-releases/palo-alto-networks-to-secure-great-britains-emergency-services-network-302351340.html SOURCE Palo Alto Networks, Inc. PANWPalo Alto Networks Inc$170.980.23%Overview Rating:Speculative50%Technicals Analysis660100Financials Analysis400100WatchlistOverviewMarket News and Data brought to you by Benzinga APIs

Palo Alto Networks secures UK emergency network By Investing.com

LONDON and SANTA CLARA, Calif. - Palo Alto Networks (NASDAQ: NASDAQ:PANW), a leader in global cybersecurity with a market capitalization of $111.93 billion, has partnered with IBM (NYSE:IBM) and the UK Home Office to enhance the security of Great Britain's Emergency Services Network (LON:NETW) (ESN). The collaboration aims to provide a secure and resilient communications platform for the ESN, which is essential for police, fire, and ambulance services during emergencies. According to InvestingPro data, the company maintains a strong financial health score of "GREAT," reflecting its robust position in the cybersecurity market. The multi-year project, led by IBM UK, is set to modernize the ESN with a highly secured voice and data platform that will improve front-line operations and foster closer collaboration among emergency services. Palo Alto Networks' role is to safeguard the ESN by deploying its Precision AI™-powered security solutions across the network, including mobile networks, cloud assets, and security operations center (SOC) environments. Additionally, the company will support the network with 24/7 cyber incident response and digital forensic services, along with Unit 42® Incident Response Services. The company's strong execution is reflected in its impressive 15% revenue growth over the last twelve months. For detailed analysis and additional insights, investors can access the comprehensive Pro Research Report available on InvestingPro. The comprehensive security approach by Palo Alto Networks is designed to provide optimal security outcomes for the ESN, protecting against evolving cyber threats with advanced technology and a unique Zero Trust mobile network security approach. This platform is expected to streamline security operations, improve threat detection and response, and strengthen the overall security posture of the ESN. Rahul Kalia, Managing Partner at IBM Consulting UK & Ireland, emphasized the importance of delivering a secure and resilient communications platform for the safety of communities across Great Britain. Helmut Reisinger, CEO of Palo Alto Networks for EMEA & LATAM, expressed pride in contributing to this critical national infrastructure project, which aims to ensure the security and communications resilience of the ESN. Palo Alto Networks is recognized as a global cybersecurity leader, offering AI-powered solutions in network security, cloud security, and security operations. The company's commitment to innovation and security has earned it recognition among Newsweek's Most Loved Workplaces and high scores on the Disability Equality Index and HRC Best Places for LGBTQ+ Equality. The information for this article is based on a press release statement. In other recent news, Palo Alto Networks has faced several downgrades from BTIG, Deutsche Bank (ETR:DBKGn), and Guggenheim Securities, citing concerns about limited growth catalysts, shifting customer preferences, and potential moderation in Federal IT spending. BTIG expressed doubts about the company's ability to exceed current Next-Generation Security (NGS) Annual Recurring Revenue (ARR) estimates for this year. Deutsche Bank also predicted a more modest increase in estimates than previously expected, while Guggenheim Securities highlighted declining New ARR for the total business over the past five quarters. In terms of corporate developments, Palo Alto Networks has achieved Federal Risk and Authorization Management Program (FedRAMP) High Authorization for its AI-powered cybersecurity solutions, enabling federal agencies to utilize its services for highly sensitive data in cloud environments. The company has also made progress with its platformization strategy, acquiring QRadar SaaS and launching the Prisma Access Browser. However, a significant board change occurred with the resignation of Dr. Helene D. Gayle due to personal reasons. Following the company's recent two-for-one forward stock split, several firms adjusted their price targets. Scotiabank (TSX:BNS) and Evercore ISI reduced their targets to $200 and $230 respectively, while maintaining positive ratings. Stifel also retained its Buy rating, revising its target to $225. These adjustments reflect the increased number of shares outstanding, with no changes to financial projections or company outlook. These are the recent developments in Palo Alto Networks.