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LEARN MORE ABOUT Amit Singh

Amit Singh, VP, Business & Operations, Virtual Reality

February 27, 2019

Amit Singh

Palo Alto Networks stock set for record close as analysts hail results, Cortex AI product

..... Read: A year after Equifax, cybersecurity is still seeking its Holy Grail JPMorgan Sterling Auty, who has an overweight rating and raised his price target to $293 from $287, hailed the “impressive” quarter and thought “this execution and level of results puts to rest any concerns investors were having around the management transition.” In addition to the acquisitions over the past 12 months, Palo Alto Networks not only has a new president in former Google exec Amit Singh, but also a new chairman and chief executive, Nikesh Arora. Auty, however, took a more wait-and-see attitude toward the Cortex and Traps 6.0 bundling. .....

February 25, 2019

Amit Singh

Earnings Outlook: Palo Alto Networks has transformed itself with more than $1 billion in acquisitions

..... Palo Alto announced it was buying cloud-threat defense company RedLock for $173 million in cash in October, a $100 million acquisition of Israel-based endpoint detection and response company Secdo in April, a $300 million acquisition of public-cloud infrastructure security company Evident.io a month before that, and a $105 million deal in February 2018 for LightCyber, a company specializing in so-called “Behavioral Attack Detection solutions” that pick up on attacks that slip past more traditional security controls. In that time, management has gone through drastic changes from a year ago with former Google exec Amit Singh taking over as president in November, and former SoftBank exec Nikesh Arora taking over as chairman and CEO in June. The Demisto acquisition, the most expensive of the lot, pushed Palo Alto’s buying spree to more than $1 billion, but that may not be the end to the company’s reformation. .....