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Palo Alto Networks gains strong interest in AI security at Ignite On Tour, easing concerns over price hikes.

Market News
21 May 2026
Proactive Investors
View Source
Bullish
pluang ai news

At its Ignite On Tour event in New York, Palo Alto Networks attracted strong customer interest in its AI security products, especially following acquisitions of Portkey and Koi Security. Despite a 10% price increase on firewalls, customers showed confidence due to enterprise licenses and cloud options mitigating costs. The company is positioned well with 45% of revenue from software, despite expected margin pressures. AI security remains a key growth area, with new offerings like Prisma AIRS and Cortex Cloud gaining traction, and Palo Alto anticipates closing acquisitions in fiscal 2026 while projecting significant revenue growth by 2028.

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