Palo Alto Networks beats quarterly estimates on AI demand, continues acquisition spree

Palo Alto Networks reported financial results that surpassed analyst expectations for its fiscal fourth quarter, driven by heightened demand for cybersecurity products amid concerns about emerging artificial intelligence threats. Revenue increased 34% to reach $2.54 billion compared to the prior-year period. The company reported a net loss of $282 million, or 35 cents per share, reversing from net income of $254 million, or 36 cents per share, a year earlier. Stock price movements showed a 5% d