[DEVELOPING] Palo Alto launches Unit 42 AI-defense service, closes ~+5% as Street lifts cyber targets
Palo Alto Networks introduced Unit 42 Continuous Frontier AI Defense and closed Sep 23 up ~5% at $393.25 amid a broad cybersecurity rally. FY27 revenue guidance ($14.1-14.2B) beat the Street and next-gen security ARR grew 63% to $9.1B; targets were raised (Morgan Stanley $410 on Sep 20, RBC $475). Watch: whether premium valuation and SaaS-mix margin pressure temper the move ahead of the Nov 18 print.