What is Palo Alto Networks buying and why?

Palo Alto Networks is acquiring Chronosphere for $3.35 billion to enhance its AI capabilities and integrate its cloud management technology.

How much is the Chronosphere acquisition by Palo Alto Networks costing?

The acquisition of Chronosphere by Palo Alto Networks is valued at $3.35 billion.

What impact will the Chronosphere acquisition have on Palo Alto Networks' forecasts?

While the acquisition is a strategic move, Palo Alto Networks separately raised its annual revenue and profit forecasts due to strong demand for its cybersecurity solutions.

Home / Business and Economy / Palo Alto Networks Boosts AI with Chronosphere Deal

Palo Alto Networks Boosts AI with Chronosphere Deal

20 Nov

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Summary

Palo Alto Networks acquired Chronosphere for $3.35 billion.
The deal aims to enhance Palo Alto's AI capabilities.
Palo Alto also raised its annual revenue and profit forecasts.

Palo Alto Networks Boosts AI with Chronosphere Deal

Palo Alto Networks announced its intention to acquire cloud management and monitoring company Chronosphere for $3.35 billion. This acquisition is aimed at significantly strengthening the cybersecurity firm's artificial intelligence capabilities.

The Santa Clara, California-based company plans to merge Chronosphere's technology with its own Cortex AgentiX platform. This integration will enable the use of AI agents on Chronosphere's data to identify performance issues and autonomously investigate their root causes.

In parallel, Palo Alto Networks has raised its annual revenue and profit forecasts, anticipating a surge in demand for its cybersecurity solutions. The company projects fiscal 2026 revenue between $10.50 billion and $10.54 billion, with adjusted profit per share between $3.80 and $3.90.

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