Palo Alto Networks (PANW) Unveils Browser-Based Security Solution as Recurring Revenue Grows 35%

Palo Alto Networks Inc. (NASDAQ:PANW) is one of the best cybersecurity stocks to buy right now. On September 4, the company unveiled a new security solution designed to combat web threats. PRISMA SASE 4.0 is a new browser-based security solution that can detect and address web threats that traditional methods cannot handle.

PRISMA SASE 4.0 features advanced web protection that neutralizes malware in real-time, preventing damage before it occurs. Its edge stems from the integration of artificial intelligence and augmented data classification, which allows it to identify sensitive information across various platforms. The solution also features 140 pre-trained machine learning classifiers.

The classifiers are designed to ensure the total security of contracts, patents, and source code in systems. Palo Alto Networks also reiterates that the system features Private App Security, which allows it to adapt to various security policies that hackers typically target.

“The innovations in Prisma SASE 4.0, particularly our last-mile protections in the browser, are a direct response to the digital landscape, where AI-driven attacks and the widespread adoption of AI tools are making traditional security approaches obsolete,” said Anand Oswal, Executive Vice President of Network Security at Palo Alto Networks.

The unveiling of PRISMA SASE 4.0 marks a significant milestone for the cybersecurity firm as it seeks to strengthen its software-as-a-service segment. Revenue in the segment has grown 35% year-over-year, resulting in recurring revenue of $1.3 billion.

Palo Alto Networks Inc. (NASDAQ:PANW) is a cybersecurity company that prevents cyber breaches by providing an integrated platform for network, cloud, and endpoint security, backed by advanced threat intelligence and AI-powered automation.

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Disclosure: None. This article is originally published at Insider Monkey.