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Killexams : Palo-Alto Certified information source - BingNews https://killexams.com/pass4sure/exam-detail/PCNSE-PANOS-9 Search results Killexams : Palo-Alto Certified information source - BingNews https://killexams.com/pass4sure/exam-detail/PCNSE-PANOS-9 https://killexams.com/exam_list/Palo-Alto Killexams : ePlus Achieves Palo Alto Networks Authorized Support Center Certified Partner Status

Expands Enhanced Maintenance Support Offering to Include First Call Technical Support for Palo Alto Networks

HERNDON, Va., Sept. 27, 2022 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) announced today that it is certified to provide partner-enabled Premium Support as a Palo Alto Networks Authorized Support Center (ASC). Adding Palo Alto Networks to its existing Enhanced Maintenance Support (EMS) offering, ePlus extends single-call support for multi-vendor environments, providing customers with:

ePlus logo (PRNewsfoto/ePlus inc.)

  • Faster time to resolution

  • Access to US-based ePlus certified engineers

  • Expedient escalation to Tier 3 Palo Alto TAC engineers when needed

  • Assigned customer success resource

"Complementing our broad lifecycle services for Palo Alto Networks with Enhanced Maintenance Support as an Authorized Support Center partner gives our customers a holistic view of their security footprint—from assessment to consultation, design, installation, first call support, and Managed Services," said Lee Waskevich, vice president of security strategy for ePlus. "Customers can also leverage our Managed Security Services Practice, which encompasses Security Operations Center/Managed Detection and Response Services, Incident Management, Vulnerability Management, and virtual CISO. Aligning technology support services with accelerated demand for continuous monitoring and operations helps organizations to become more effective and efficient in combating today's latest cyber threats."

"Palo Alto Networks ASC Partners meet stringent program requirements to obtain and maintain their ASC status. Attainment of ASC competency demonstrates ePlus' commitment to providing the highest level of service for customers' Palo Alto Networks technology," said Karl Soderlund, senior vice president, Worldwide Channel Sales at Palo Alto Networks. "We are confident in ePlus' ability to quickly and proficiently resolve any technical support issues or challenges for our joint customers' security needs."

"Customers rely on ePlus for a seamless and simplified support experience across their heterogenous infrastructure," said Kevin Detsch, SVP of services business development at ePlus. "Adding support for Palo Alto Networks extends the value we bring to customers, allowing them to stay one step ahead on operational issues and keep their environments up and running for optimal efficiency."

To read more information about ePlus' Palo Alto Networks offerings and partnership, please visit: https://eplus.com/partners/showcase-partners/palo-alto-networks. Additional detail about ePlus' Enhanced Maintenance Support can be found at: https://eplus.com/services/managed-services/managed-services-for-infrastructure-and-cloud/enhanced-maintenance-support.

About ePlus inc.

ePlus has an unwavering and relentless focus on leveraging technology to create inspired and transformative business outcomes for its customers. Offering a robust portfolio of solutions, as well as a full set of consultative and managed services across the technology spectrum, ePlus has proudly achieved more than 30 years of success in the business, carrying customers forward through adversity, rapidly changing environments, and other obstacles. ePlus is a trusted advisor, bringing expertise, credentials, talent and a thorough understanding of innovative technologies, spanning security, cloud, data center, networking, collaboration and emerging solutions, to organizations across all industry segments. With complete lifecycle management services and flexible payment solutions, ePlus' more than 1,500 associates are focused on cultivating positive customer experiences and are dedicated to their craft, harnessing new knowledge while applying decades of proven experience. ePlus is headquartered in Virginia, with offices in the United States, UK, Europe, and Asia‐Pacific. For more information, visit www.eplus.com, call 888-482-1122, or email info@eplus.com. Connect with ePlus on LinkedIn, Twitter, Facebook, and Instagram. ePlus, Where Technology Means More®.

ePlus®, Where Technology Means More®, and ePlus products referenced herein are either registered trademarks or trademarks of ePlus inc. in the United States and/or other countries. The names of other companies, products, and services mentioned herein may be the trademarks of their respective owners.

Statements in this press release that are not historical facts may be deemed to be "forward-looking statements." real and anticipated future results may vary materially due to certain risks and uncertainties, including, without limitation, the duration and impact of COVID-19 and the efficacy of vaccine roll-outs, which could materially adversely affect our financial condition and results of operations and has resulted worldwide in governmental authorities imposing numerous unprecedented measures to try to contain the virus that has impacted and may further impact our workforce and operations, the operations of our customers, and those of our respective vendors, suppliers, and partners; national and international political instability fostering uncertainty and volatility in the global economy including an economic downturn, an increase in tariffs or adverse changes to trade agreements, exposure to fluctuation in foreign currency rates, interest rates and downward pressure on prices; our ability to successfully perform due diligence and integrate acquired businesses; the possibility of goodwill impairment charges in the future; reduction of vendor incentive programs; significant adverse changes in, reductions in, or losses of relationships with one or more of our largest volume customers or vendors; the demand for and acceptance of, our products and services; our ability to adapt our services to meet changes in market developments; our ability to implement comprehensive plans to achieve customer account coverage for the integration of sales forces, cost containment, asset rationalization, systems integration and other key strategies; our ability to reserve adequately for credit losses; our ability to secure our electronic and other confidential information or that of our customers or partners and remain secure during a cyber-security attack; future growth rates in our core businesses; our ability to protect our intellectual property; the impact of competition in our markets; the possibility of defects in our products or catalog content data; our ability to adapt to changes in the IT industry and/or rapid change in product standards; our ability to realize our investment in leased equipment; our ability to hire and retain sufficient qualified personnel; and other risks or uncertainties detailed in our reports filed with the Securities and Exchange Commission. All information set forth in this press release is current as of the date of this release and ePlus undertakes no duty or obligation to update this information.

Cision

View original content to obtain multimedia:https://www.prnewswire.com/news-releases/eplus-achieves-palo-alto-networks-authorized-support-center-certified-partner-status-301632593.html

SOURCE ePlus inc.

Tue, 11 Oct 2022 23:32:00 -0500 en-US text/html https://finance.yahoo.com/news/eplus-achieves-palo-alto-networks-123000682.html
Killexams : Palo Alto Networks releases Cortex XSIAM to automate the SOC

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Working in a security operations center (SOC) isn’t easy. In fact, the high volume of manual alert processing and triaging takes a huge mental toll on the analysts securing the environment. Research shows that 70% of SOC teams report feeling emotionally overwhelmed by the volume of alerts. 

As a result, automation is critical for ensuring that security teams aren’t bogged down managing false positive alerts, but have the flexibility to tackle legitimate security incidents. 

In an attempt to bring its vision for the automated SOC to life, today, Palo Alto Networks announced the general availability of Cortex XSIAM, an automated security operations platform designed to automate the SOC. Palo Alto Networks claims the solution can deliver an 80% reduction in alerts that SOC teams need to analyze. 

For enterprises, this solution could provide an answer to analyst fatigue in the SOC, and act as a false multiplier so that human users can process security incidents faster. 

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Cortex XSIAM makes the SOC more efficient 

The announcement comes after Palo Alto Networks made Cortex XSIAM available to a handful of design partners as part of the XSIAM Design Partner Program earlier this year. It’s a solution based around the idea of making the SOC more efficient through the use of automation. 

“The underlying problem is that, as new security technologies developed, they have generated more and more data. That data is stored in different systems, and the task of sifting through thousands of alerts every day, then triaging each alert, is left to human analysts, who are overwhelmed. As a result, threats get missed and breaches keep happening,” said Rick Caccia, SVP and CMO of Cortex and Unit 42 at Palo Alto Networks. 

Caccia explains that Cortex XSIAM addresses these challenges through the use of automation. XSIAM handles the bulk of automated SOC work, tackling all the alerts it can, while passing incidents to analysts that are too complicated to be automated. This gives analysts the opportunity to manage “interesting and unusual” incidents. 

Palo Alto Networks is revamping the SIEM market 

As a solution, Cortex XSIAM is most directly competing against security information and event management (SIEM) solutions. The SIEM market itself continues to grow, with researchers valuing the market at $2.8 billion in 2019 and anticipating it will reach a value of $6.2 billion by 2027 as organizations attempt to automate security operations. 

Today, Google Cloud is one of the main competitors in this space, following the launch of Chronicle Security Operations and Chronicle SIEM yesterday, and the rebrand of Siemplify. Chronicle SIEM promises to leverage Google’s threat intelligence to enhance an organization’s detection, investigation and response capabilities. 

Earlier this year Google Cloud announced it has surpassed $6 billion in cloud revenue.

Another key competitor in the market is Splunk with Splunk Enterprise. Splunk Enterprise collects and ingests data from thousands of sources throughout an organization’s environment, while using machine learning and artificial intelligence (AI) to identify security issues and reduce manual admin for human users. Splunk recently announced raising $2.7 billion in revenue

Caccia argues that currently, the key differentiator between Cortex XSIAM and existing technologies is that the level of automation requires much less input from human analysts. 

“These technologies have been in use for two decades, and were built to present alerts to humans, forcing analysts to figure out what was a real threat. XSIAM flips this model on its head, assuming that automation comes first, that the XSIAM software will process much more data than a human can, and will handle the bulk of the tedious work,” Caccia said. 

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Tue, 11 Oct 2022 17:15:00 -0500 Tim Keary en-US text/html https://venturebeat.com/security/palo-alto-networks-cortex-xsiam/
Killexams : Better Tech Giant to Buy: Palo Alto Networks or Amazon

You cannot go wrong investing in either Palo Alto Networks (PANW 2.40%) or Amazon (NASDAQ: AMZN) since both of these tech giants are offering important services (cybersecurity and cloud computing, respectively) to businesses across the world. At the same time, both these stocks have also become more affordable for retail investors after their exact stock splits.

However, one of them is undoubtedly a better choice in the current inflationary environment. Let's analyze them in detail.

The case for Palo Alto Networks

While 2022 has been disastrous for many prominent software-as-a-service companies, Palo Alto Networks has proven to be an exception. So far this year shares of the leading cybersecurity player are currently down by 16%, far better than the NASDAQ Composite's decline of over 33% in the same time frame.

Since the COVID-19 pandemic, enterprises have been increasingly shifting their operations to a cloud environment. This coupled with the increasing prevalence of remote working has culminated in rising demand for cybersecurity services to protect ever-expanding "attack surfaces." Fortune Business Insights expects global cybersecurity to grow annually at a compounded average growth rate (CAGR) of 13.4% from $139.8 billion in 2021 to $376.3 billion in 2029.

Palo Alto is well poised to capture a significant share of this rapidly growing market opportunity. Widely known for its enterprise network security firewalls, the company is now also focusing on securing cloud-native applications. The company caters to over 85,000 customers across more than 150 countries in the world. The company has been increasingly focusing on large enterprises, a customer cohort that is relatively less susceptible to macroeconomic pressures. In fiscal 2022 (ending July 31, 2022), the number of active millionaire customers (customers spending over $1 million annually on the company's offerings) rose by nearly 31% year-over-year to 1,240.

Against the backdrop of rising security breaches, cybersecurity has become mission-critical for businesses. These trends have helped Palo Alto reduce topline volatility, despite macroeconomic pressures. With subscription and support making up over 80% of Palo Alto's total billings, the company also boasts significant revenue predictability.

Palo Alto reported impressive performance in the exact quarter, with both revenue and earnings surpassing consensus estimates. The company also reported generally accepted accounting principles (GAAP) profitability for the first time in the past four years. Additionally, management has also guided robust top- and bottom-line growth in fiscal 2023.

Palo Alto is currently trading at only 8.4 times its sales, which is much lower than early in 2022 when it was trading for more than 12 times sales. The company has authorized $915 million worth of share repurchases through December 31, 2023. Management expects to return significant value to shareholders in the coming quarters.

The case for Amazon

Amazon stock is currently down by over 32% so far this year. While the impact of inflationary pressures and supply chain constraints on its e-commerce business and a negative hit to its investment in electric vehicle player Rivian have dominated headlines, there still remains much to like in the company's growth story.

Amazon Web Services (AWS) accounted for a 34% share of the $200 billion global cloud infrastructure market in the second quarter (ending June 30, 2022), a one-percentage-point increase on a sequential basis. In comparison, AWS' key competitors, Microsoft Azure and Alphabet's Google Cloud, accounted for 21% and 10% of the global cloud market, respectively. Although AWS has clocked an annual run rate of $79 billion and profits of around $17 billion, the company believes that there is still a lot of runway left for this business segment.

While the ongoing consumer slowdown impacts Amazon's retail business, the company's Prime loyalty program, which has signed over 200 million members worldwide, continues to be a key competitive advantage. Prime members are incentivized to spend more money on Amazon services -- in March 2019, U.S. Prime members spent $1,400 on the site, compared to $600 spent by U.S. non-Prime members. Finally, Amazon is also poised to leverage its Prime member base to expand its presence in the digital advertising space. eMarketer expects the company to account for 14.6% of the U.S. digital ad revenue  spend in 2023.

Which stock should you buy now?

Although Amazon is currently a leader in e-commerce and cloud computing markets, it has been subject to intensifying competition worldwide. Additionally, increasing transportation and logistics costs due to rising inflation and over-investment in capacity expansion may harm the company's bottom line for the next few quarters.

Palo Alto's business model seems far more resilient since security threats are known to rise in difficult market times. So I think that Palo Alto might prove to be the better pick of the two in the current market.

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Manali Pradhan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet (A shares), Alphabet (C shares), Amazon, Microsoft, and Palo Alto Networks. The Motley Fool has a disclosure policy.

Thu, 13 Oct 2022 01:23:00 -0500 Manali Bhade en text/html https://www.fool.com/investing/2022/10/13/better-stock-split-stock-to-buy-palo-alto-networks/
Killexams : Palo Alto Business Chosen To Participate In Growth Program DoorDash has announced the participants in a new program that provides grants and a six-week training program for locally owned Bay Area small businesses. © DoorDash DoorDash has announced the participants in a new program that provides grants and a six-week training program for locally owned Bay Area small businesses.

PALO ALTO, CA -- Food delivery service DoorDash today announced the winners of a new program that provides $5,000 grants and a six-week training program for local Bay Area-business owners in partnership with small business resource provider Next Street.

As members of the first California cohort of the Local Goods Accelerator, the small business people, including the owner of a shop in Palo Alto, are to receive training and education and the opportunity to connect with other local entrepreneurs.

The DoorDash Accelerator for Local Goods is designed to support local consumer packaged goods businesses owned by entrepreneurs who are women, transgender, immigrants, or people of color with both financial aid and specialized resources so that they can adapt, stabilize and grow their business for long term success.

Palo Alto-based Noodleist, which makes premium plant-based instant noodles, is among the Bay Area businesses that will participate in the program. Other participants are located in San Leandro, San Francisco, Oakland and San Jose, among other cities.

In addition to participating in the educational programming, eligible businesses will receive a $5,000 grant to support their growth, access to marketing and sales support from DoorDash, plus the opportunity to sell their items via DashMart, a new type of neighborhood grocery store brought to you by DoorDash.

"For many participating entrepreneurs, this will mark the first time their products have been distributed outside of their own websites," DoorDash said in a statement. "We’re excited to welcome these entrepreneurs into the program and hope you’ll keep your eyes out for their products coming to select DashMarts in California in the coming months."

More information about the DoorDash Accelerator for Local Goods is available here.

The article Palo Alto Business Chosen To Participate In Growth Program appeared first on Palo Alto Patch.

Thu, 13 Oct 2022 06:27:00 -0500 en-US text/html https://www.msn.com/en-us/money/smallbusiness/palo-alto-business-chosen-to-participate-in-growth-program/ar-AA12VVzI
Killexams : Palo Alto Networks: exact Pullback Is Attractive Buying Opportunity
Cybersecurity concept of data protection in digital technology. There is a padlock in a prominent shield on the left, an abstract circuit surrounding the binary and fractal code. perspective design.

TU IS

Palo Alto Networks (NASDAQ:PANW) recently reported a good end to their fiscal year and provided FY23 guidance above expectations. And while this initially sent the stock up over 10%, exact macro volatility and rising interest rates has caused the stock to pullback over exact weeks.

For FY23, the company is expecting revenue growth of 25% yoy, and this takes into consideration some longer sales cycles and some customers extending the life of existing hardware. While the macro environment remains complicated and uncertain, the company continues to believe the underlying trend of strong security spend is here to stay long-term.

Chart
Data by YCharts

So far this year, investors have favored stocks who have been able to demonstrate some sort of counter-cyclicality and demonstrate consistent profitability. With security spend likely to remain at the top of almost all company's minds over the coming years, it's no surprise to see PANW stock only down <5% so far this year, which is much better than the broader market performance.

PANW currently trades at 7.4x forward revenue, which has pulled back from 11x forward revenue at the beginning of the year. Fears around a potential global recession combined with higher interest rates has made high-valuation stocks less attractive, and thus warrant low multiples.

However, given the underlying solid demand trends of IT security spend, PANW's focus on moving up market to larger enterprises, and the stock's exact pullback over the past few weeks, I believe the stock remains an attractive opportunity for long-term investors.

Financial Review

PANW has seen their financial success accelerate over the past few years as underlying demand trends remain very strong. While the global pandemic caused many businesses to shift their operating models, one of the most important investments enterprises continue to make is around security solutions. And that trend does not appear to be going away anytime soon.

PANW reported Q4 results on August 22, which saw revenue grow 27% yoy to $1.55 billion and came in above consensus estimates of $1.54 billion. While the revenue beat was not as big as in previous quarters, the company reported an impressive 44% yoy growth in billings, ending the quarter at $2.7 billion.

Q4 Financial Metrics

PANW

Not surprisingly, non-GAAP gross margin remained strong at 73.2% and operating margin improved to 20.8%. The better than expected revenue combined with ongoing margin expansion led to non-GAAP EPS of $2.39 during the quarter, above expectations for $2.28.

The underlying trends of strong security spend is clearly driving the narrative at PANW and given the constant news flow of security breaches, heightened focus on security spend is unlikely to disappear any time soon. But PANW has also been a benefactor of moving further up the market and better competing for enterprise deals. I believe this growth driver further insulates them from the broader macro sensitivity, as enterprises are less likely to reduce security spend during more challenging macro periods.

Customer Analysis

PANW

During Q4, the company reported 1,240 customers with >$1 million in TTM bookings, growing an impressive 26% yoy. On top of that, PANW now has 50% of the Global 2000 customers who has purchased the company's Strata, Prisma, and Cortex solutions.

By moving further up the market towards larger enterprises, PANW has been able to demonstrate consistently strong growth with high customer retention.

When asked about the exact enterprise strength on the company's earnings call, management pointed at the fact they have become much more competitive against other vendors and are winning more deals.

What has happened in the last year-and-a-half or two, we've become a force to reckon with. I'd say in the most, the largest enterprise deal is head-to-head with two vendors. Very rarely do we see a third. It doesn't take a lot to guess who the second vendor is. And three years ago we're not showing up at a party. Two years ago we're getting 1 or 2 deals out of 10. Now we think we're in 5 to 6 out of 10 deals. And our aspiration is next year to be in 10 out of 10 deals. You know what, hopefully if we can win half the deals that we're in, we'll be growing at big numbers like we did this year.

Again, PANW's ability to not only put themselves in a more competitive position, but actually win these large enterprise deals has better insulated the company's revenue from any extreme volatility. Just a few years ago, PANW was usually in the running for large enterprise contracts, but only sparingly won those deals. With management remaining confident in their strategy to continue to win these larger, more recurring, and stickier enterprise deals, I believe their revenue may be less susceptible to macro volatility compared to other vendors who focus on small and middle-sized companies.

Guidance Metrics

PANW

For Q1, the company is expecting revenue of $1.54-1.56 billion (23-25% yoy growth), compared to consensus estimates of $1.54 billion. Billings are also expected to be $1.68-1.7billion, compared to expectations for $1.74 billion.

For the full-year, revenue is expected to be $6.85-6.9 billion, representing 25% yoy growth at the midpoint and came in above expectations for $6.76 billion. Importantly, non-GAAP operating margins are expected to be 19-19.5%, which would represent some mild expansion from the 19% margin seen in FY22. This led to non-GAAP EPS guidance of $9.40-9.50 coming in above expectations for $9.30.

Overall, the stronger than expected guidance metrics has helped push the stock higher immediately after reporting earnings. Management commented on a few near-term headwinds and areas of concerns regarding the macro environment, however, almost every company is experiencing similar impacts as these are not PANW-specific.

First, we saw more longer-duration deals as customers increasingly had the confidence to make large, long-term commitments with us. This is important as a transformation objective we set out for Palo Alto Networks. It confirms and validates our view that customers will consolidate if we supply them constant best-of-breed products and then show that they are integrated to deliver better security outcomes. Second, we saw some isolated instances of customers extending the life of hardware, potentially driven by macro forces. We expect that on the margin, this could continue into FY 2023. It is counter-balanced by some customers refreshing their state and our continued share gains in the hardware form factor.

Third, in transformational projects, the vast majority of our customers continue on their investments here, despite the expected short-term macro impacts. Security spending is tied into our customers' desires to move to the cloud, drive more direct relationship with their customers, modernize their IT infrastructure, as well as drive efficiencies while adapting to a new way of working. Those efforts continue. Coupled with the heightened awareness and need to do something on cybersecurity, we expect secular tailwinds to persist in cybersecurity, and we are best positioned to deliver against our customer needs

While the macro environment has caused some longer-duration deals and some customers extending the life of hardware, their customers continue to invest in transformational projects, with a focus on security spend. Granted the macro environment continues to be pressured due to several factors, such as high interest rates, high inflation, and geo-political challenges, the underlying trend of increased security spend has remained solid.

Valuation

Despite the company providing very strong guidance for their upcoming fiscal year, the continued macro volatility and rising interest rates has caused ongoing pressure on PANW's stock. In fact, after the stock popped 10% post-earnings, exact market volatility has pushed down the stock back to pre-earning's levels, erasing all gains post Q4.

In addition to the company recently splitting their stock in a three-for-one deal, they also announced their intent to repurchase up to $915 million of stock. PANW is expected to generate around 33.5-34.5% FCF margin, which gives the company sufficient cash flow to advance their capital allocation strategy.

Chart
Data by YCharts
Chart
Data by YCharts

While the security industry remains highly competitive, investors have typically placed a premium multiple on these companies given the long-term secular trend of increased IT security spend over the coming years. Additionally, the global concerns around privacy and security breaches has caused a heightened awareness of how essential security spend is.

PANW currently trades at 7.4x forward revenue, which has pulled back quite significantly from their 11x forward multiple just a few months ago. Yes, we are in a much different macro environment now that at the beginning of the year, especially with interest rates moving significantly higher.

However, the company's FY23 revenue guidance of 25% yoy combined with ongoing margin expansion puts the company clearly above the Rule of 40 score, and thus deserving of an ongoing multiple premium.

Even if the stock's multiple takes a few quarters of execution before improving, I believe the exact post-Q4 pullback of around 10% in exact weeks provides for a great entry point for long-term investors.

Wed, 05 Oct 2022 10:51:00 -0500 en text/html https://seekingalpha.com/article/4544887-palo-alto-networks-recent-pullback-is-buying-opportunity
Killexams : Three-bedroom home in Palo Alto sells for $1.9 million
741 Ellsworth Place - Google Street View
741 Ellsworth Place – Google Street View

A 880-square-foot house built in 1949 has changed hands. The property located in the 700 block of Ellsworth Place in Palo Alto was sold on Aug. 19, 2022 for $1,915,000, or $2,176 per square foot. The property features three bedrooms, one bath, a garage, and one parking space. There’s also a pool in the backyard. The unit sits on a 4,657-square-foot lot.

Additional houses have recently been purchased close by:

  • In June 2022, a 2,022-square-foot home on Ross Road in Palo Alto sold for $675,000, a price per square foot of $334. The home has 6 bedrooms and 3 bathrooms.
  • A 2,014-square-foot home on the 800 block of Clara Drive in Palo Alto sold in August 2022 for $2,800,000, a price per square foot of $1,390. The home has 5 bedrooms and 3 bathrooms.
  • On Bruce Drive, Palo Alto, in August 2022, a 1,597-square-foot home was sold for $3,400,000, a price per square foot of $2,129. The home has 3 bedrooms and 2 bathrooms.
Author

This article was generated by the Bay Area News Group Bot, software that analyzes home sales or other data and creates an article based on a template created by humans. Our real estate data comes from public records that have been registered and digitized by local county offices. You can report errors or bugs to content@bayareanewsgroup.com.

Fri, 14 Oct 2022 02:30:00 -0500 Bay Area Home Report en-US text/html https://www.eastbaytimes.com/2022/10/14/three-bedroom-home-in-palo-alto-sells-for-1-9-million/
Killexams : Police arrest last of 3 suspects in East Palo Alto shootings

EAST PALO ALTO (CBS SF/BCN) – Police in East Palo Alto have arrested the third of three suspects allegedly involved in a shooting in September, the department announced Tuesday. 

On Sept. 10, East Palo Alto officers responded at 11:16 p.m. to a Shotspotter gunshot detection system activation at 1959 Manhattan Ave. The technology had detected at least 14 shots in the area, police said.

Officers learned that a black vehicle had pulled into the alleyway and two occupants, identified as Gabriel Garcia Delgadillo and Alexander Rodriguez, allegedly fired multiple shots from firearms at a crowd of people gathered on a staircase. No one was hit by the gunfire. 

One of the people on the staircase, Daniel Ambriz, allegedly returned gunfire at the black sedan as it fled the area. Police said 42 bullet casings were found at the scene. While no people were injured, several buildings and vehicles were hit.

While officers were investigating the scene, the California Highway Patrol reported a black sedan on U.S. Highway 101 at Embarcadero Road that had been abandoned after a crash. Bullet intrusions were located in the rear and side of the vehicle and a loaded firearm with an extensive magazine was found inside, police said. 

Detectives later used video footage to identify the three suspects and they were arrested over the course of two weeks, culminating in the arrest of Ambriz on Tuesday.

Wed, 05 Oct 2022 11:36:00 -0500 en-US text/html https://www.cbsnews.com/sanfrancisco/news/police-arrest-last-of-3-suspects-in-east-palo-alto-shootings/
Killexams : Candidate courts real estate, tech donors in East Palo Alto City Council race

In East Palo Alto's City Council race, candidate Mark Dinan has received a large backing from real estate agents and tech workers, netting $22,579 in donations, according to campaign finance disclosures filed with the state Fair Political Practices Commission.

The fundraising is in stark contrast to the other six candidates who have taken more traditional means of smaller, local donations and personal loans to their campaigns. As of Oct. 10, most of the other candidates said they haven't reached the $2,000 threshold that would require them to file a financial statement with the state.

Dinan received $1,000 donations from multiple real estate and property management contributors, including $1,000 each from Daly City rental property owner Godwin LLC, Hillsborough real estate broker Daniel Lee and broker Jennifer Liu of Palo Alto, and $2,000 from Shannon Lee of Solar Property Management in Daly City. In all, out of 75 listed donors to his campaign, 18 were in property, real estate or real estate investment. Of those, 16 were from out of town, including Palo Alto, Menlo Park, Belmont, Woodside, Los Gatos, Saratoga, Santa Clara and Campbell. The remaining two were real estate brokers who were listed as East Palo Alto residents.

He also received $1,000 donations from Alexandr Sviridov, an information technology consultant, and Andrew Lim of San Francisco, who is listed as retired.

Dinan, who is a tech recruiter, also had a large following from the tech sector, including software engineers, recruiters, and tech consultants. Twelve listed their city of residence as East Palo Alto and 12 were from out of the city.

Fourteen East Palo Alto residents who are not in tech or real estate also donated to Dinan, including the Rev. Deborah Lewis-Virges. Dinan also received $250 from the Josh Becker for Senate 2024 campaign from Sacramento. Nineteen out-of-town donors who were not listed as being in tech or real estate made up the remainder of Dinan's contributors.

He has spent $6,414 this year on campaign paraphernalia, web advertising on Facebook and Google, polling and fundraising events, his filings show.

Dinan said in an email that he had more than 120 people donate to his campaign.

"I am very grateful for the support I have received from people who want a brighter future for East Palo Alto. People are ready for change in East Palo Alto, and my supporters are willing to chip in and help fund a campaign that advocates for housing, safe streets, clean water, traffic enforcement, cleaned up parks, no illegal fireworks, and a government that responds to the needs of its residents," he said.

Dinan said the foundation of his campaign financing has come from East Palo Alto homeowners who are concerned about the proposed Opportunity to Purchase Act that the city could enact. The act would supply tenants, affordable housing nonprofits and the city first rights to purchase a property before it's put on the open market. The measure is opposed by landlords and many homeowners.

Dinan didn't directly address the large number of outside real estate interests that contributed to his campaign.

"Many of my contributions came from long-term residents of EPA who only want the same rules at the point of sale as Palo Alto, Menlo Park, and other surrounding communities," he said.

"Do note that I have received many donations below $100 that do not show up on filing forms, and I have also received many donations from EPA renters who share the very same concerns as homeowners around quality-of-life issues," he said.

The other candidates have campaign financing that is small and from more local sources. Webster Lincoln largely financed his campaign with loans to himself, FPPC records show. Lincoln received $750 in donations for the year through Sept. 24 from his mother and local Realtor Ken Harris. He loaned his campaign $19,522 and spent $2,662 on shirts, banners and signs.

Mayor Ruben Abrica, the only incumbent, said he has only just reached the $2,000 contributions goal and has 10 days to file his 460 contributions form. He loaned his campaign $1,000. He has received $372 in small donations. Of those amounting to more than $100, he received $250 from the Josh Becker for Senate campaign, $300 from Roberta Ahlquist and $200 from Carol Lamont, both of Palo Alto. He has spent $1,488 on campaign materials such as flyers and $150 for a Three Brothers Taqueria food campaign event.

Martha Barragan and Jeffrey Austin said their campaigns have not gone over the $2,000 filing threshold.

Updates on the candidate's filings can be found in the city's public portal for campaign finance disclosures.

Tue, 11 Oct 2022 04:55:00 -0500 en text/html https://www.paloaltoonline.com/news/2022/10/11/candidate-courts-real-estate-tech-donors-in-east-palo-alto-city-council-race
Killexams : Should Investors Consider Palo Alto Networks Shares Post-Split? No result found, try new keyword!However, one that seemingly flew under the radar was Palo Alto Networks’ PANW three-for ... the general market’s roughly 20% decline. Image Source: Zacks Investment Research Upon widening ... Wed, 05 Oct 2022 10:31:00 -0500 text/html https://www.nasdaq.com/articles/should-investors-consider-palo-alto-networks-shares-post-split Killexams : Palo Alto Networks (PANW) Gains As Market Dips: What You Should Know

Palo Alto Networks (PANW) closed at $175.65 in the latest trading session, marking a +1.04% move from the prior day. This change outpaced the S&P 500's 0.2% loss on the day. Elsewhere, the Dow lost 0.14%, while the tech-heavy Nasdaq lost 0.12%.

Prior to today's trading, shares of the security software maker had lost 1.7% over the past month. This has was narrower than the Computer and Technology sector's loss of 4.64% and the S&P 500's loss of 3.29% in that time.

Investors will be hoping for strength from Palo Alto Networks as it approaches its next earnings release. The company is expected to report EPS of $0.68, up 23.64% from the prior-year quarter. Our most exact consensus estimate is calling for quarterly revenue of $1.55 billion, up 24% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $3.15 per share and revenue of $6.87 billion, which would represent changes of +25% and +24.87%, respectively, from the prior year.

It is also important to note the exact changes to analyst estimates for Palo Alto Networks. exact revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 4.57% lower. Palo Alto Networks is currently a Zacks Rank #3 (Hold).

Looking at its valuation, Palo Alto Networks is holding a Forward P/E ratio of 55.12. This valuation marks a premium compared to its industry's average Forward P/E of 41.31.

We can also see that PANW currently has a PEG ratio of 1.75. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Security was holding an average PEG ratio of 2.52 at yesterday's closing price.

The Security industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 65, putting it in the top 26% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.


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Wed, 05 Oct 2022 15:53:00 -0500 en-US text/html https://finance.yahoo.com/news/palo-alto-networks-panw-gains-214509906.html
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