How Palo Alto Networks became the gold standard of cybersecurity – and what it has to do to stay on top

theCUBE Breaking Analysis + upcoming broadcasts [How Palo Alto Networks became the gold standard of cybersecurity – and what it has to do to stay on top]( Palo Alto Networks Inc. has earned a reputation as the leader in security. You can measure this in revenue, market cap, execution and, most importantly, conversations with chief information security officers. The company is on track to double its revenue to nearly $7 billion in fiscal year 2023 from 2020. That’s despite macro headwinds that will likely continue through next year. Palo Alto owes its position to a clarity of vision and strong execution of a total available market expansion strategy bolstered by key acquisitions and integrations into its cloud and software-as-a-service offerings. In this Breaking Analysis, and ahead of Palo Alto's annual user conference Ignite, we bring you the next chapter on top of [last week’s cybersecurity update](. We’ll dig into the Enterprise Technology Research spending data on Palo Alto Networks, provide a glimpse of what to look for at Ignite, and posit what Palo Alto needs to do to stay on top of the hill. [Get the full report here]( What to expect at Ignite '22: Join theCUBE Dec. 13-14 TheCUBE is streaming live from Palo Alto Networks' annual user conference, Ignite '22, December 13-14. Catch all the news from the cybersecurity event, including keynote analysis and firsthand insights. [Read more]( siliconangle.com [Top News: Editors' Picks]( [Oracle’s stock posts small gain as cloud powers strong revenue growth]( - [Shares of database giant Oracle Corp. ticked up slightly in after-hours trading yesterday after it reported fiscal first quarter results that beat analysts’ expectations, but its earnings forecast for the coming quarter came in lighter than expected.]( - [The company reported earnings before certain costs such as stock compensation of $1.21 cents per share, coming in ahead of Wall Street’s forecast of $1.17 in earnings. Revenue for the period rose 18%, to $12.28 billion. Analysts had been targeting sales of $11.96 billion.]( - [Oracle executives were pleased about Cerner, but the real bright spot was Oracle’s cloud infrastructure business, where revenue shot up 53% to $1 billion. Elsewhere, cloud revenue — which includes infrastructure-as-a-service and software-as-a-service sales — jumped 43%, to $3.8 billion, and cloud application revenue rose 40%, to $2.8 billion. Altogether, Oracle’s cloud services and license support segment delivered $8.6 billion in revenue, up 14% from a year earlier.]( [MongoDB’s stock soars as cloud consumption trends push revenue]( - [Shares of database firm MongoDB Inc. soared in extended trading last week on the back of stellar third-quarter financial results that easily beat Wall Street’s expectations, as well as guidance suggesting another strong quarter to come.]( - [The company reported earnings before certain costs such as stock compensation of 23 cents per share, miles ahead of Wall Street’s forecast of a 17-cent-per-share loss. It was also a big improvement on the three-cent-per-share loss the company posted one year earlier. Revenue for the quarter rose 47% to $333.6 million, beating analysts’ target of $318 million by some distance too.]( - [MongoDB is undoubtedly benefiting from cloud adoption, as MongoDB Atlas revenue jumped by 61% from a year earlier, accounting for 63% of the company’s total sales. Subscription revenue rose 47%, to $320.8 million, while services revenue rose 43%, to $12.9 million. The company also boasted of “strong customer growth,” saying it ended the quarter with over 39,100 paying customers.]( [The future of cloud computing is Supercloud]( Supercloud is back by popular demand. On the heels of the [inaugural event]( this past summer the community is gathering again in early 2023 to explore a burgeoning vision for cloud's future. Join theCUBE live [Join theCUBE Jan. 17-18, 2023]( for Supercloud 2 to learn the practical steps necessary to make this new vision a reality. We’ll dig into why organizations need self-service infrastructure that creates a common, secure and governed experience for users and developers, irrespective of location - on-prem, in various public clouds and the edge. The focus of Supercloud 2 is on practitioner challenges and opportunities with an emphasis on data, automation-enhanced infrastructure and how organizations are evolving their data and cloud strategies to prepare for the next era of digital innovation. A Supercloud year-in-review This year has been a reality check for many operating in the cloud, thanks to a pandemic-induced upheaval in the workforce and the subsequent market uncertainty plaguing cloud-based service providers. Either way, today's enterprise is primed for streamlined operations, and supercloud offers the conceptual landscape for abstracting away cloud complexities. The end of 2022 is the perfect time to look back at supercloud's evolution, who the [innovators]( are and what the [tech leaders think]( of this [emerging trend](. Catch up on SiliconANGLE and theCUBE's year of coverage, starting with [a deep]( into the rush to build superclouds]( why security is [crucial]( for supercloud's success, and how supercloud is indicative of computing's [future](. See the [top questions about supercloud answered here]( and gain real-world insights from those organizations implementing supercloud strategies, including [VMware]( [Walmart]( [Oracle]( and [Cloudfare](. Be sure to check out the key [takeaways from our first Supercloud]( event, and learn more about next month's Supercloud broadcast [here](. Follow cybersecurity news + breaking analysis For the latest in cybersecurity and data protection, follow SiliconANGLE and theCUBE, with breaking analysis live from Palo Alto Networks' Ignite '22 conference and other industry developments. 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