Palo Alto Networks Inc (NYSE:PANW), the next-generation security company, and Tanium, the company that has redefined security and systems management, announced the formation of a strategic alliance which will transform the effectiveness, accuracy, and speed by which large, distributed organizations prevent, detect, and respond to today’s cyberthreats.
Given the speed and sophistication of modern cyberattacks, integrated and automated prevention technologies are of the utmost essence. Security teams are overwhelmed with the flood of alerts coming in from a variety of tools, each monitoring a different aspect of the network. When coupled with the sheer number of endpoints – most large organizations commonly have hundreds of thousands to secure and manage – security teams can’t keep pace because their tools are either too slow, provide limited visibility, or lack the integration required to quickly prevent new threats and respond as they are detected.
Tanium, which is in use at over half of the Fortune 100 providing 15-second visibility and control over millions of endpoints, and Palo Alto Networks have entered into an exclusive agreement to provide an integrated offering that automates and accelerates the otherwise manual and time-consuming process of threat detection and incident response with unmatched effectiveness, accuracy, and speed.
Palo Alto Networks is changing the economics of cyberattacks by delivering a natively integrated platform that brings breach prevention capabilities across distributed networks, including mobile devices and cloud-based services. Initial efforts of the alliance will be focused on the integration of Tanium with Palo Alto Networks WildFire, its cloud-based threat prevention service that automatically detects unknown, malicious activity and quickly prevents threats before an enterprise is compromised. WildFire is an integral part of thePalo Alto Networks security platform that also includes the Palo Alto Networks Next-Generation Firewall, Threat Intelligence Cloud, and Traps Advanced Endpoint Protection.
Through the integration, Tanium will receive malicious indicators identified by WildFire and automatically interrogate every geographically distributed endpoint across an organization, validate the existence of an active cyberattack, identify all of the compromised systems and take remediation action as needed, all within seconds. Additionally, as Tanium identifies new threat indicators at the endpoint, it will share that information with Palo Alto Networks, creating a closed-loop system whereby network and endpoint protections are continually enhanced and delivered across an organization using the integrated offering.
- “Today’s organizations face a daunting challenge in preventing and remediating cyberattacks as quickly as possible across their distributed organizations. We are pleased to be teaming with Tanium to fundamentally change the game for adversaries, arming security organizations with innovative new tools to go on the offensive and quickly prevent, detect, and respond to attacks before damage is done.”
− Chad Kinzelberg, SVP of business and corporate development at Palo Alto Networks
- “We are honored to be entering into an alliance with Palo Alto Networks that will be transformative for the security industry as we extend security and remediation capabilities between network and endpoint security. Our first integration provides a level of automation, access, and control that security teams of large, global organizations have never had before—at a time when new ways to defend against security attacks has elevated to a board level discussion.”
− Orion Hindawi, Co-founder, President and CTO of Tanium
Tanium and Palo Alto Networks will be showcasing the integrated solution at Black Hat 2015, booths 1248 (Tanium) and Booth 119 (Palo Alto Networks). (Original Source)
Shares of Palo Alto Networks closed yesterday at $185.50. PANW has a 1-year high of $200.55 and a 1-year low of $78.62. The stock’s 50-day moving average is $182.67 and its 200-day moving average is $155.74.
On the ratings front, Palo Alto Networks has been the subject of a number of recent research reports. In a report issued on July 15, Deutsche Bank analyst Karl Keirstead maintained a Buy rating on PANW, with a price target of $210, which implies an upside of 13.2% from current levels. Separately, on July 13, J.P. Morgan’s Sterling Auty initiated coverage with a Buy rating on the stock and has a price target of $216.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Karl Keirstead and Sterling Auty have a total average return of 11.1% and 6.6% respectively. Keirstead has a success rate of 64.3% and is ranked #417 out of 3724 analysts, while Auty has a success rate of 62.7% and is ranked #940.
Overall, 2 research analysts have assigned a Hold rating and 11 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $182.00 which is -1.9% under where the stock closed yesterday.
Palo Alto Networks Inc offers an enterprise network security platform that allows enterprises, service providers, and government entities to secure their networks and safely enable applications running on their networks.