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Palo Alto Networks Plans to Raise Prices

By Kim S. Nash

 

Hello. Palo Alto Networks lifted its full-year revenue outlook after recording a jump in second-quarter profit driven by continued demand for cybersecurity services.

However, the company issued per-share earnings guidance for its current quarter below Wall Street expectations, in part as it contends with higher costs for memory and storage. It plans to raise prices later in the fiscal year to offset the increases. Read the full WSJ story.

More news below.

 

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More Cyber News

PHOTO: ANGELINA KATSANIS/ZUMA PRESS

Three new hacking groups go after industrial systems. Water facilities, power providers and other critical industrial infrastructure saw a rise in the number of cyber threat groups starting last year, according to new research from Dragos. Three new groups, which Dragos calls Azurite, Pyroxene and Sylvanite, are especially dangerous. (SecurityWeek)

  • Azurite is focused on stealing network diagrams and other intellectual property, rather than disrupting operations, Dragos said. 
  • Pyroxene, which other cyber researchers have linked to Iran, specializes in moving between administrative and operational networks. 
  • Sylvanite activities sometimes resemble those linked to China. Dragos said the group quickly exploits new vulnerabilities, including recent bugs in Ivanti and Fortinet equipment.

Lexington, Mass.-based VulnCheck raised $25 million in Series B funding led by Sorenson Capital. VulnCheck provides vulnerability intelligence data.

Sued: TP Link Systems, a network router maker, has supplied U.S. customer data to the Chinese government, according to Texas Attorney General Ken Paxton in a lawsuit filed Tuesday against the Irvine, Calif.-based company. TP Link imports key components from China, resulting in a national security risk to the U.S., Paxton said. 

  • Paxton's office has been investigating TP Link, and other companies it says are tied to China, since October. 

Palo Alto Networks said it plans to buy Koi Security, a startup that makes tools for securing AI agents. Terms of the deal weren't disclosed. In September, Koi, based in Tel Aviv and Washington, D.C., raised $48 million in seed and Series A funding led by Battery Ventures, Team8, Picture Capital, and NFX. 

 

About Us

The WSJ Pro Cybersecurity team is Deputy Bureau Chief Kim S. Nash and reporters Angus Loten and James Rundle. Follow us on X @WSJCyber. Reach the team by replying to any newsletter you receive or by emailing Kim at kim.nash@wsj.com.

 
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