The Latest Breaking News from Palo Alto Networks

The stock market remained in the red across the major indexes. Intel stock rallied and led the Dow Jones on Thursday after an analyst upgrade.

The Dow Jones fell after the Labor Department's initial jobless claims. Cisco Systems and Walmart dived on earnings reports.

December S&P 500 futures (ESZ23) are down -0.15%, and December Nasdaq 100 E-Mini futures (NQZ23) are down -0.30% this morning as weak forecasts from Cisco and Palo Alto Networks weighed on sentiment, while investors looked ahead to a new round of U.S. economic data and speeches from Fed officials.

Palo Alto Networks reported fiscal Q1 earnings and revenue that topped Wall Street targets. But the cybersecurity firm's billings guidance missed.

December S&P 500 futures (ESZ23) are trending up +0.34% this morning as market participants digested strong industrial output and retail sales data from China while also bracing for crucial U.S. PPI and retail sales data.

If you're limiting yourself to only the "Magnificent Seven" S&P 500 stocks — you're missing out.

Cybersecurity demand is as strong as ever, but some stocks in the group have already overshot Wall Street's expectations.

Fortinet reported Q3 revenue and billings that missed estimates while its 2024 outlook disappointed amid slowing growth in the market for network "firewall" appliances.

Palo Alto Networks, the cybersecurity company, will report its quarterly results in mid-November. Investors expect its free cash flow margins could push PANW stock a good deal higher.

Earnings reports from cybersecurity stocks, which recently have outperformed the software sector, kick in with Check Point, Fortinet and Cloudflare reporting.

Risk and reward are supposed to be attached at the hip for S&P 500 stocks. But a small group of stocks are delivering all gain and no pain.