Shares of Palo Alto Networks (PANW) are sinking Tuesday morning after the company issued a downbeat forecast for the current period, renewing concern about a...
) are sinking Tuesday morning after the company issued a downbeat forecast for the current period, renewing concern about a slowdown in the cybersecurity sector. TD Cowen Managing Director and Senior Analyst Shaul Eyal joins Morning Brief to discuss Palo Alto 's"platformization" strategy for driving demand growth.
So all these things considered, what are investors still trying to understand about this new strategy going forward? How is this company in the demand cycle that we're seeing right now for some of their cyber security solutions going to be able to pull a lot of those corporate customers over to this new type of realm that they're trying to create, you know, given the very toxic landscape uh from a global perspective.
So right now you go into the customer um selling them not just one product, one point solution, but rather an end to end platform. So I think some of the data we have received last night, the fact that we are heading actually into the seasonally strong fourth quarter um with pipeline uh remaining very, very strong.
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