Palo Alto Networks Tops Q2 Estimates but Cuts Forward Guidance; CEO Says AI Is Not Replacing Cybersecurity
Palo Alto Networks reported fiscal second-quarter results that beat analyst expectations on both EPS and revenue, yet the company provided softer-than-expected guidance for the coming quarter and fiscal year. CEO Nikesh Arora pushed back on market concerns that artificial intelligence could render cybersecurity products obsolete, saying customers a…