Aiming to get the spotlight at the RSA Conference, Palo Alto Networks (PANW) on Tuesday rolled out new artificial intelligence “co-pilots” on its cybersecurity platform. Palo Alto stock rose on the news.
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For Security Operations Center (SOC) services, Palo Alto customers will use the co-pilot's interactive user interface instead of a computer dashboard.
Generative AI models process “prompts,” such as Internet search queries, that indicate what the user wants to find. In cybersecurity, companies expect creative AI tools to help reduce time to detect and respond to many types of computer hacking. In addition, they see automating generative AI in security operations centers to help companies deal with the shortage of software engineers.
PANW Stock: Co-Pilot War
Microsoft (MSFT) and Crowd Strike Holdings (CRWD) has also developed cybersecurity pilots.
In a news release, Palo Alto Chief Executive Nikesh Arora said: “Platformization is an essential approach, and integrated solutions that can protect and enable AI are essential to achieving results. The new paradigm in security – “Maybe for the first time – where the defender is ahead of the opponent.”
In the stock market today, Palo Alto stock closed up 1.7 percent at 305.52.
With roots in the “firewall” network security market, Palo Alto created a comprehensive cloud-based security platform with the acquisition. Firewall devices protect computer networks by blocking online intrusions and monitoring web-based apps.
What's more, the company has spent more than $4 billion buying startups over the past five years. Through acquisitions, Palo Alto Networks has expanded into endpoint security and other areas. Also, endpoint tools detect malware on laptops, mobile phones and other devices accessing corporate networks.
In 2024, Palo Alto stock was up 2% as of Monday's market close. Meanwhile, PANW stock has a relative strength rating of 82 out of the best possible 99.
Follow Reinhard Krause on Twitter. @reinhardtk_tech For updates on artificial intelligence, cybersecurity and cloud computing.
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