Cybersecurity Q2 Earnings Roundup: Palo Alto Networks Leads the Pack

Palo Alto Networks reported Q2 revenues of $2.54 billion, up 15.8% YoY, exceeding analysts' expectations by 1.4%. The company's strong execution reflects a market shift towards a unified defense against modern threats. The stock is up 8.3% since reporting and currently trades at $191.06. Varonis Systems reported revenues of $152.2 million, up 16.7% YoY, outperforming analysts' expectations by 2.8%. The company had a strong quarter with EPS guidance exceeding analysts' expectations and a solid beat of analysts' EBITDA estimates.