Author: Daniel snow

Palo Alto Networks shares fell Tuesday evening despite reporting better-than-expected earnings and revenue for its April quarter. We’ve seen the stock drop on earnings reports before due to lofty investor expectations, before ultimately recovering. This time may not be any different. Revenue in the cybersecurity company’s fiscal 2025 third quarter increased 15% year over year to $2.29 billion, exceeding the Wall Street consensus estimate of $2.28 billion, according to LSEG. Adjusted earnings per share (EPS) increased 21% to 80 cents in the quarter, ahead of the 77-cent LSEG consensus estimate. PANW YTD mountain Palo Alto’s year-to-date stock performance. Bottom line…

CNBC’s Jim Cramer examined Tuesday’s market action and said rising bond yields drove a number of stock moves as Wall Street waits for lawmakers to pass a federal budget bill.”The bad news is that rates are threatening to break out to the upside,” he said. “And if they can’t stay calm, if they jump to a new, higher level while Congress works on the budget bill, we’re liable to have more days like today, where you need a plethora of positive themes for any given stock to break free from the gravitational pull of these darn miserable Treasurys.”The indexes retreated on…

U.S. President Donald Trump makes an announcement regarding the Golden Dome missile defense shield next to U.S. Defense Secretary Pete Hegseth in the Oval Office of the White House in Washington, D.C., U.S., May 20, 2025. Kevin Lamarque | ReutersPresident Donald Trump rolled out plans for a multibillion dollar ‘Golden Dome’ missile defense shield system Tuesday, and said that he anticipated it could be operational in roughly three years.”Once fully constructed, the Golden Dome will be capable of intercepting missiles even if they are launched from other sides of the world and even if they are launched from space, and…

Thomas Fuller | SOPA Images | Lightrocket | Getty ImagesApple approved the Epic Games title Fortnite on Tuesday, returning the first-person shooter game to the App Store in the U.S., five years after its removal.Fortnite was kicked off the App Store in 2020 after Epic updated its game over the web to take payments directly, instead of through Apple’s in-app payment mechanism, which takes fees up to 30%. The move angered Apple and kicked off a years-long legal battle.Last month, Epic scored a victory in court, when a judge ruled that Apple wasn’t allowed to charge a commission when apps…

In a Tuesday interview with CNBC’s Jim Cramer, Palo Alto Networks CEO Nikesh Arora said cybersecurity is in a pivotal moment as more companies incorporate artificial intelligence into business.”I think this is a perfect time for security companies to be out there working with our customers to make sure, as we say, ‘deploy AI bravely,’ and it’s going to be an inflection point,” he said.According to Arora, even “naysayers” of AI are now trying to move data to the cloud in order to keep up with competitors. New AI models require the cloud, he said, claiming that businesses will be…

‘We don’t see broad-based price increases for our customers at all going forward,’ exec says Source link

We don’t know all the details of Trump’s plan to build an Iron Dome-like defense system. What we do know is it wouldn’t come cheap, easy or soon. Source link

The cybersecurity company also saw a growth slowdown in remaining performance obligations, a metric that measures future revenue expected from current contracts. Source link

A Waymo self-driving car, seen with a driver, stops at a red light outside the U.S. Capitol in Washington, D.C., on Friday, March 31, 2025.Bill Clark | CQ-Roll Call, Inc. | Getty ImagesWaymo co-CEO Tekedra Mawakana told CNBC on Tuesday that the Alphabet-owned ride-hailing company has reached 10 million trips, doubling in the past five months.”These are all paid trips, and they represent people who are really integrating Waymo Driver into their everyday lives,” said Mawakana, speaking at the Google I/O developer conference. The 10 million figure includes rides in Austin, Los Angeles, San Francisco and the Phoenix area.Waymo is…

Billy Long has pledged to improve customer service and protect taxpayer data — two areas where DOGE actions have drawn scrutiny Source link