In its fiscal 2024 first quarter, which ended Oct. 31, annual recurring revenue from the next-generation security segment rose 40% year over year to $4.52 billion.
Palo Alto Networks, Inc. (NASDAQ:PANW – Get Free Report)’s stock price was up 4.3% during mid-day trading on Tuesday after Scotiabank raised their price target on the stock from $200.00 to $225.00.