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...Shares in cyber security group Palo Alto Networks lost a quarter of their value in early trading on Wednesday after the company warned late on Tuesday that billings and revenues would be lower than previously...
...Greg Meagher Palo Alto, CA, US...
...Rodrigo LiangChief Executive and Co-founder, SambaNova Systems, Palo Alto, CA, US...
...Trump won 98 out of Iowa’s 99 counties — including 61 that he failed to carry in 2016....
...The former president has spent far less time campaigning there than any of the other major Republican primary contenders, visiting only 19 counties compared to Ron DeSantis’ 57, Nikki Haley’s 30 and Vivek...
...DeSantis has staked his White House bid on Iowa, touring each of the state’s 99 counties and earning the endorsement of governor Kim Reynolds....
...By contrast, US cyber security group CrowdStrike trades at 17 times revenues, and Palo Alto at 11.5 times. These companies are giants, compared to Darktrace, and scale commands a premium....
...Their example is particularly bad news for Florida governor Ron DeSantis, the only candidate to visit 99 counties but who finished a distant second on Monday with just a fifth of the vote....
...Cybersecurity company Rubrik, based in Palo Alto and backed by Microsoft, is hoping to list shares while in the midst of a business model transition....
...DeSantis, who touts that he has visited all 99 of Iowa’s counties since launching his campaign earlier this year, had a similarly gruelling six-day schedule....
...Indeed, the first wave of cyber security products were sold by network companies which have since lost share to specialised outfits such as Fortinet and Palo Alto. This may be changing, however....
...However, Donald Trump has won Johnson County, where the University of Iowa is located, with Haley trailing by fewer than 3 points....
...Ramaswamy has visited all 99 of Iowa’s counties at least twice. “I think the polls are drastically off,” Ramaswamy told CBS News on Friday. “I think we have a good shot of winning the Iowa caucus.”...
...Share moves to note on the New York Stock Exchange include Illumina, Palo Alto Networks, and Wynn Resorts: Shares of biotech group Illumina plummeted 10.9 per cent after it slashed its sales and profit...
...Trump was declared the winner of the Iowa caucuses as Haley’s event was beginning....
...With 99 per cent of votes counted on Tuesday, Trump had won 98 of Iowa’s 99 counties. The only exception was Johnson County, where Haley was a single vote ahead....
...DeSantis has 20 per cent of the vote, and Haley has 18.2 per cent. Haley is leading in Story County, just north of Des Moines and home to Iowa State University....
...The Palo Alto, California-based group received the valuation following a $53mn fundraising led by venture firms General Catalyst and Premji Invest, with participation from Andreessen Horowitz and SV Angel...
...He also tended to see more support in rural counties versus large metro areas, reminiscent of his voter base in 2020....
...The pivot to attack Trump comes after he dominated the Iowa caucuses, winning more than 50 per cent of the vote and all but one of the state’s 99 counties....
...Wall Street’s benchmark S&P 500 rose 0.1 per cent shortly after the opening bell in New York, weighed down by a slump in shares for Cisco, Palo Alto Networks, and Walmart....
...The former president won nearly every county in Iowa; he leads nationally, and in key states, by double digits; and, increasingly, his competitors recognised this and dropped out of the race....
...To a casual visitor to the leafy enclave of Palo Alto, in the heart of Silicon Valley, the wealth and privilege are almost palpable....
...A spokesperson for the regional court in Düsseldorf, in western Germany, said it had found for the litigants, R2 Semiconductor, a technology group based in Palo Alto, California, against Intel....
...Palo Alto Networks, a US-listed cyber security company, has announced two acquisitions of start-ups in Israel in recent weeks....
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