Palo Alto Networks is making waves in the cybersecurity space with its AI-driven security platform, Cortex XSIAM 3.0. The company is also planning an acquisition to boost its AI-powered attack protection capabilities. This comes on the heels of a strong earnings report showing 15% revenue growth. Meanwhile, Jabil, an electronics manufacturer, is experiencing its own surge thanks to the growing demand for AI and cloud computing infrastructure. Jabil's stock jumped nearly 9% after reporting a 16% increase in revenue, reaching $7.8 billion. Looking ahead, Jabil is investing $500 million to expand its manufacturing footprint in the Southwest U.S. to capitalize on the AI boom, with these new facilities expected to be up and running by mid-2026. The company anticipates revenue of $29 billion for fiscal year 2025.
Key Takeaways
- Palo Alto Networks is leveraging AI with its Cortex XSIAM 3.0 security platform.
- Palo Alto Networks plans to acquire a company to enhance AI-driven attack protection.
- Palo Alto Networks reported 15% revenue growth.
- Jabil's stock price increased nearly 9% due to AI and cloud computing demand.
- Jabil's revenue increased 16% to $7.8 billion.
- Jabil is investing $500 million to expand manufacturing in the Southwest U.S. for AI and cloud businesses.
- Jabil's new facilities are expected to be operational by mid-2026.
- Jabil anticipates revenue of $29 billion for fiscal year 2025.
Cybersecurity Stock Palo Alto Networks Sees Boost from AI
Palo Alto Networks, a cybersecurity company, is gaining attention due to its AI innovations. The company announced Cortex XSIAM 3.0, an AI security platform, and plans to acquire a company to enhance AI attack protection. Palo Alto Networks reported strong earnings with 15% revenue growth. Palo Alto stock remains in buy range after clearing a key resistance level. Other cybersecurity stocks like CyberArk, CrowdStrike, and Rubrik are also performing well.
Jabil Stock Soars Thanks to AI Demand
Jabil, an electronics manufacturer, saw its stock price jump nearly 9% after reporting strong quarterly results. The company's revenue increased by 16% to $7.8 billion, driven by demand in data centers and cloud computing. Jabil plans to invest $500 million to expand manufacturing in the Southwest U.S., focusing on AI and cloud businesses. The new facilities are expected to be operational by mid-2026. Jabil is anticipating revenue of $29 billion for fiscal year 2025.