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What's Going On With Palo Alto Networks Stock Today?

BY Benzinga | ECONOMIC | 11:30 AM EST

Palo Alto Networks, Inc. (PANW) shares are trading higher on Wednesday.

In fact, shares of software companies are trading higher amid overall market strength after CPI data was in line with estimates and core CPI rose by less than expected.

Meanwhile, Palo Alto announced it is working with International Business Machines Corporation (IBM) and the U.K. Home Office’s ESMCP to develop solutions for User Services for the Emergency Services Network.

Palo Alto Networks (PANW) said this multi-year project, led by IBM UK, aims to enhance the security and effectiveness of the Emergency Services Network, which supports frontline police, fire, and ambulance services across Great Britain.

Palo Alto Networks (PANW) will play a critical role in securing the ESN’s infrastructure. The company will leverage its security platforms, including Precision AI-powered protection for mobile networks, cloud assets, and Security Operations Centers (SOC).

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The company’s offerings will also include 24/7 cyber incident response, digital forensic services, and Unit 42 Incident Response Services, providing protection against emerging cyber threats.

The collaboration aims to ensure that the ESN’s communications platform remains highly secure and resilient, enabling better data sharing and collaboration among emergency services during critical operations.

Helmut Reisinger, CEO of Palo Alto Networks (PANW), EMEA & LATAM, highlighted the importance of security in the U.K.’s IT transformation efforts for emergency services.

“We commend the UK’s Home Office for their vision for secure modern IT transformation through security platformization,” Reisinger added.

Price Action: PANW shares are trading higher by 2.71% to $175.20?at last check Wednesday.

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Image by Michael Vi via Shutterstock.

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