Palo Alto Networks Inc. (NASDAQ: PANW ) shares are trending on Tuesday night.
Shares of the California-based cybersecurity provider rose 2.42% to $173.98 in after-hours trading on Tuesday following Anthropic ‘s announcement of Project Glasswing, a cybersecurity initiative listing PANW as a launch partner.
The announcement follows PANW CEO Nikesh Arora ‘s warning in a March blog post that AI-powered attacks could go from breach to data theft in just 25 minutes , while most firms take days to detect intrusions.
The filing reported nothing to disclose under securities sold in the prior three months.
With a market capitalization of $137.76 billion, Palo Alto has a 52-week high of $223.61 and a 52-week low of $139.57.
Over the past 12 months, the large-cap company has gained 11.43%.
Price Action: According to Benzinga Pro data, PANW closed the regular session at $169.87, up 4.89%.
Currently the stock is positioned at about 36% of its 52-week range.
Benzinga's Edge Stock Rankings show that PANW is exhibiting a negative price trend across all time frames.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here .
A newsletter built for market enthusiasts by market enthusiasts. Top stories, top movers, and trade ideas delivered to your inbox every weekday before and after the market closes.
Other launch partners include Amazon Web Services (NASDAQ: AMZN ) , Microsoft (NASDAQ: MSFT ) , Alphabet (NASDAQ: GOOG ) (NASDAQ: GOOGL ) , Cisco Systems (NASDAQ: CSCO ) , CrowdStrike Holdings (NASDAQ: CRWD ) , Apple (NASDAQ: AAPL ) , Broadcom Inc (NASDAQ: AVGO ) , NVIDIA (NASDAQ: NVDA ) , JPMorgan Chase & Co. (NYSE: JPM ) and the Linux Foundation .
According to Anthropic’s announcement, central to the initiative is Claude Mythos Preview , an unreleased Anthropic frontier model that has identified thousands of high-severity vulnerabilities across every major operating system and browser. Anthropic is committing up to $100 million in usage credits for defensive security work across launch partners and over 40 additional organizations, plus $4 million in direct donations to open-source security groups.
On Tuesday, former PANW director Mary Pat McCarthy filed an Securities Exchange Commission filing, disclosing plans to sell 11,776 shares valued at approximately $2 million through Morgan Stanley (NYSE: MS ) . The shares were acquired via restricted stock vestings between 2018 and 2020.
Comments
No comments yet. Be the first to comment!