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Early_Adopter
Community Champion

Palo Alto Networks: “Sorry guv, can’t make a buck in this business.”

PANW’s earnings call had a couple of surprises for the industry, and sent their shares going down by 30% after markets closed. This also hit other listed security vendors like ZScaler and crowdstrike 15% and 10% respectively. The strategic shift for this involves more of a platform play which will possibly reduce costs, budgets and might pick off a few listed companies and startups whose finances are not so good. Customers may use this to drive discounting on licenses and services.

Not sure how this will affect everone trying to get their CC to get one of those sweet six figure cybersecurity jobs in the long term but it might slow hiring down as vendors, integrators and customers reevaluate their budgets.

Hopefully it will pass, however better “buckle-up buckaroos” … just in case it gets bumpy…

https://www.cnbc.com/amp/2024/02/20/palo-alto-networks-shares-plunge-after-company-cuts-billings-rev...
2 Replies
Leandave
Newcomer III

If the AT&T, T-Mobile, and Verizon outage turns out to be a security breech, that even will negate any negative effects the PANW's earnings call created and will exacerbate the need for more cyber security professionals.
As of 7:01 AM CST there is no reported cause of the outage, I'm just saying "IF"

Early_Adopter
Community Champion

I think the PANW drop was more to the effect that they were deciding to switch back to a growth in seats/product line platform model vs profitability. Talk of buying business etc means hitting the whole solutions market.

We’re already through the breach/attack looking glass and as regards that from a skills standpoint for professionals, it’s too many Eloi not enough Morlockd, at least from the perspective of employers. From jobseekers I guess it flips and there’s not enough roles willing to train people up, and automation, AI, workflows etc are eating away at old school admins/operators jobs and those are the ones you need to build the Morlock level skills. Even better many employers like to pay their Morlocks like Eloi*.

Anyway let’s hold our attention on those outages.

* there are far more Morlocks now than when this https://web.stanford.edu/class/cs81n/command.txt was written, however losses in attention spans, the ability to sit down and read a book cover to cover, and critically, assimilate the info are going to have a negative impact, especially in a world where people want quick results. People are still getting smarter but it’s becoming a different type of intelligence.