Financial Services organizations are moving to the cloud, and with the move comes questions on how to best stay secure. Firewall Manager ensures that Palo Alto Networks Cloud NGFWs are automatically and consistently added to new accounts and VPCs with no manual intervention, reducing any operational heavy-lifting required to monitor new accounts and add firewall protections. Prisma Cloud delivers broad security and compliance coveragefor applications, data, and the entire cloud native technology stackthroughout the development lifecycle and across your AWS environment. In the ensuing years, we added AI and machine learning capabilities across our network security portfolio, and it has been a critical driver of our innovation and differentiation in the market. Can I imagine a sales rep at Palo Alto having access to their fingertips about all Palo Alto information? Let's talk about SASE. Thanks for your question, Hamza. Dont terminate the instance, which deletes the Cortex XSIAM; Cortex XDR; Cortex XSOAR; Cortex Xpanse; Cortex Developer Docs; Pan.Dev; PANW TechDocs; Customer Support Portal We expect revenue to be in the range of $6.88 billion to $6.91 billion, an increase of 25% to 26%. We also talked about streamlining sales forces. Theyjust revealed what they believe are thetenbest stocksfor investors to buy right now and Palo Alto Networkswasn't one of them! And we haven't even factored in the potential impact of generative AI as you've been hearing all the conversation in the industry. This 5-minute demo shows how the XSOAR platform connects people, processes, and technology to help your organization identify and respond to threats across the incident lifecycle. With Cloud NGFW, you can access the core NGFW capabilities such as App-ID, URL filtering based on URL categories and geolocations, SSL/TLS Decryption, etc. I think the second thing that's also important to understand, now, if I have 14,000 people and I spend thousands of -- billion -- $1 billion in customer support or more, there's leverage. This comes in addition to other certifications we have achieved, including recently announced Prisma Access achieving Impact Level 5 or IL5 provision authorization. Great. Regards,Devanshu TanejaProduct SpecialistPalo Alto Networkshttps://live.paloaltonetworks.com/t5/cloud-ngfw-help-center/ct-p/Cloud_NGFW. This model provides a hub-and-spoke design for centralized and scalable firewall services for inbound, outbound, and east-west traffic flows. Yeah. PuTTY Key Generator, choose type, Save the session by clicking on the session on the left-hand side of PuTTY Learn how to avoid the 10 most common security risks and misconfigurations found in AWS deployments. To learn more about AWS Firewall Manager, its features, and its pricing, visit the AWS Firewall Manager website. The AWS CloudFormation templates for this Quick Start include configuration parameters that you can customize. By continuing to browse this site, you acknowledge the use of cookies. But for now, I feel very comfortable with the position Palo Alto has in the industry. Guess what? So, just wondering, you know, as we kind of, you know, look at that as a foundational metric to lean on for valuation, how sustainable is that? Combined, you see this portfolio benefit in the top-line results we reported today. choices: You can move corporate applications to the cloud, launch additional web servers, With this release, customers will now have a single firewall management solution to deploy and manage both AWS native . SASE remains one of the fastest-growing markets within all of cybersecurity. So, Matt, I'll let Lee jump in and talk about some of the specifics. We have also shown an ability to deliver new cloud security capabilities organically and be very successful at that. We are not only ahead in investments in AI and machine learning as a differentiator in our products, but these investments have driven tangible customer benefits. Increased cloud activity and connectivity continues to drive the threat environment. Select an IP address from the drop-down menu to assign it. We look forward to seeing you -- many of you at the upcoming investor events. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Moving over to our firewall business. Proper configuration can get tricky if you dont know what you dont know. As a result, we have all seen some of the fastest innovation cycles and launches of unique applications over the last several months. We now have one in five of our Prisma Cloud customers using our cloud code module across our capabilities and infrastructure as code, SCA or software composition analysis, and secrets management as they leverage the more efficient approach to detect and remediate security issues as code is written for cloud applications before it reaches production. Great. In January, Amazon unveiled its plan to invest a massive $35 billion in building new data centers across Virginia. Learn More, Palo Alto Networks(PANW 1.59%)Q32023 Earnings CallMay 23, 2023, 4:30 p.m. npandey. *Stock Advisor returns as of May 22, 2023. I would like to follow up with you on this. So, in every case, we are replacing an existing manner. So, my question is, how do you think about it? By continuing to browse this site, you acknowledge the use of cookies. AWS and Palo Alto Networks In the changing macro environment, customers are more challenged in their capex budgets, which often fund appliance purchases. Against this backdrop, we have been staying ahead, with rigorous execution. Our MTTR was in days, which, in today's adversarial environment, is unacceptable. Our next-generation SOC platform, XSIAM, built totally on AI, is on track to be our fastest-growing new offering. Well, thank you very much again, everybody, for joining us. Just this month, Amazon unveiled plans to invest $12.7 billion in new data centers in India to expand its cloud capabilities and customer base in the region. Could you please explain the issue and challenges you are facing? Let's turn to efficiency in operations. Remaining performance obligation, or RPO, was $9.2 billion, increasing 35%, with current RPO just under half of our RPO. Together, Amazon Web Services (AWS) and Palo Alto Networks provide the broadest set of integrated security capabilities, whether an organization is just beginning its cloud journey or modernizing applications using cloud native technologies. I mentioned earlier that our customers are engaging in more scrutiny of deals and value, resulting in robust discussions internally and with us. This ALB sandwich CloudFormation Template deploys a pair of VM-Series Firewalls and 2 Web Servers with an external Application Load Balancer and either an internal Application Load Balancer or Network Load Balancer depending on which CFT is chosen. Use the Feedback tab to make any comments or ask questions. The market is tough and definitely more challenging than when we started here. Chris Vonderhaar, who was leading AWS massive global data center fleet, is no longer with the $85 billion cloud giant. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. So, what we're doing is we're getting ahead of it. This guide explains how to configure cloud NGFW in AWS, enabling the users to utilize the benefits of Palo Alto Networks next-generation firewall as a service. We are also focused on driving industry certifications in Prisma Cloud. Great. Adam, I think there's two parts to it. LIVEcommunity - Cloud NGFW for AWS Deployment Guide - LIVEcommunity There's a bit of a little repeat AI action there. Stock Advisor list price is $199 per year. Nikesh Arora -- Chairman and Chief Executive Officer, Good day, everyone, and welcome to Palo --. Palo Alto Networks (PANW) Q3 2023 Earnings Call Transcript So, I think across all the areas of the P&L, we scaled pretty well as a company. Therefore, your conversion rate that's down still allows you to make the numbers that you've promised the Street. by The strength of our next-generation security capabilities continues to drive our results, with NGS ARR of $2.6 billion, growing 60%. However, given our RPO is growing way ahead of revenue, it just means we are saving up a lot of revenue for a future rainy day. Learn how to secure your AWS environment using the Palo Alto Networks Cloud NGFW for AWS. Dipak Golechha -- Chief Financial Officer. We see the path to continued success with large customers and multiproduct expansion around installed base. This guide is not sufficient to deploy E2E . Thank you for that. Customer First. Cloud NGFW for AWS Deployment Guide ssyed L3 Networker on 03-30-2022 10:01 AM - edited on 09-22-2022 03:56 AM by npandey 0% helpful (0/1) This guide explains how to configure cloud NGFW in AWS, enabling the users to utilize the benefits of Palo Alto Networks next-generation firewall as a service. hour when the instance is running. In the Critical Capabilities report, Palo Alto Networks received the highest score on the Enterprise Edge use case. 2023, Amazon Web Services, Inc. or its affiliates. Securing Cloud Workloads. That doesn't mean that we do everything. That sounds about right financially? And we expect Q4 capital expenditures of $35 million to $40 million. Be aware that AWS is not free for Palo Alto, and you are charged per I will now turn the call over to Nikesh. Now, turning to the balance sheet and cash flow statement. We are the comprehensive zero trust network security company. Most investors have equated our product revenue with hardware. We have had the benefit of higher interest rates. Next question is from Matt Hedberg at RBC, followed by Gabriela Borges at Goldman. This includes files, URLs, domains, DNS connections, and other signals. Great. Create four new subnets: Management, Inside, Outside, and DMZ. What did you want -- can you discuss --. And I'll tell you what, we've been working at double time, like literally the day Dipak sort of shut the doors on us being able to book anything this quarter, we're out there hunting for the next quarter. Limited visibility in the Cloud NGFW to troubleshoot the issue. AWS Firewall Manager now enables you to centrally deploy and monitor Palo Alto Networks Cloud Next Generation Firewalls (NGFWs) across all AWS virtual private clouds (VPCs) in your AWS organization. We believe this is a testament to our best-in-class, integrated, Cloud-Delivered Security Services layered on top of our ML-Powered NGFWs and SASE solution, including Advanced Threat Prevention, DNS Security, Advanced URL . On the The Motley Fool has positions in and recommends Palo Alto Networks. In software, you don't get a dollar for dollar for revenue. I'm proud that our team has executed through this environment. 03-30-2022 Thank you, Adam. We expect our adjusted free cash flow margin to be 37.5% to 38.5%. The deployment guide can be found here Transit Gatway with VM-Series Deployment Guide. Sorry. Yeah. If you haven't already subscribed to the Palo Alto Networks Cloud NGFW service in the AWS Marketplace, you'll need to do that first. Copyright 2023 Palo Alto Networks. Nikesh, I want to go back, actually. For the fiscal year 2023, we expect billings to be in the range of $9.18 billion to $9.23 billion, an increase of 23% to 24%. I'll now update you on our three platforms, starting with network security. If you remember, Saket, we have the conversation around making sure our SASE team is integrated with our core, which saved us hundreds of heads in terms of efficiency, as well as driving more outcome and output from a SASE perspective. These scripts should viewed as community supported and Palo Alto Networks will contribute our expertise as and when possible. Introduction. Product revenue grew 10%. for Palo Alto, which runs around $1.50 an hour. This is something that the traditional SIM industry was just not well designed to be able to do. It's up from 150 million in annual bookings when we launched Cortex as a business in 2019.
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