Palo Alto Networks CEO: SolarWinds hack will have tailwinds for cybersecurity

The SolarWinds cyberattack hack on the U.S. government in 2020 was a "wake-up call" for the industry to rethink how cybersecurity is handled in the country, Palo Alto Networks CEO Nikesh Arora said. Subscribe to CNBC PRO for access to investor and analyst insights: https://cnb.cx/2Vtntx6

Shares of the cybersecurity company fell nearly 1% after Palo Alto Networks reported better-than-expected results for its second quarter. The company reported earnings per share of $1.55, compared to a Refinitiv forecast of $1.43. Palo Alto’s revenue came in at $1.02 billion, above a Refinitiv estimate of $986 million. “The momentum in the business continues to be strong, with second quarter revenue growth of 25% year over year to over 1 billion USD,” CEO Nikesh Arora said in a statement.

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