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Bernstein Lowers Palo Alto (PANW) Price Target, Maintains Outperform Rating
Bernstein Lowers Palo Alto (PANW) Price Target, Maintains Outperform Rating

Yahoo

time21-05-2025

  • Business
  • Yahoo

Bernstein Lowers Palo Alto (PANW) Price Target, Maintains Outperform Rating

On Wednesday, May 21, Bernstein SocGen Group reduced its price target for Palo Alto Networks, Inc. (NASDAQ:PANW) from $229 to $225 from $229 and kept an 'Outperform' rating. Analyst Peter Weed noted that the company slightly beat expectations for its Next-Gen Security (NGS) Annual Recurring Revenue (ARR) in its fiscal Q3 2025. Although the beat was smaller than in previous quarters, the company has forecasted strong quarter-over-quarter growth in NGS ARR for its fiscal Q4 2025. This forecasted growth is the strongest since the company began its platformization strategy. A cutting-edge computer lab full of IT experts monitoring the security of multiple systems. Weed said Palo Alto Networks, Inc.'s (NASDAQ:PANW) confidence is supported by channel checks. Management's comments also confirmed that sales that were delayed by tariffs in April started to close rapidly after tariff concerns eased in mid-May. This indicates that the weak NGS ARR is not a big concern. Additionally, Weed believes that other companies closing their quarters in April could experience similar weakness. He pointed out some positive signs for Palo Alto Networks, Inc. (NASDAQ:PANW), assuming there will not be a recession. He believes Microsoft's fast cloud migrations and AI projects could support the company's software firewall business to grow by more than 20%. Although hardware firewalls are growing slowly at a low single-digit rate, software firewalls made up more than 40% of product revenue this quarter. This is expected to help overall product revenue grow in the mid-teens, which is better than the mid-single-digit growth seen in the last 6 quarters. Weed expects Palo Alto Networks, Inc. (NASDAQ:PANW) to finish the fourth quarter with more than 15% revenue growth in revenue and possibly an improvement of an additional 200 basis points or more in fiscal year 2026. While we acknowledge the potential of PANW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PANW and that has a 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 11 Stocks That Will Bounce Back According To Analysts and 11 Best Stocks Under $15 to Buy According to Hedge Funds. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Weed Manager of the Year: One Man's Quest to Save the Sonoran Desert
Weed Manager of the Year: One Man's Quest to Save the Sonoran Desert

New York Times

time03-05-2025

  • Politics
  • New York Times

Weed Manager of the Year: One Man's Quest to Save the Sonoran Desert

When Don Pike takes his daily walk, he laces up his brown hiking boots, grabs his walking stick and bucket hat and heads outside. Ten feet later, he carefully slips past barbed wire and enters the Tonto National Forest. Unlike other parts of the Tonto, where the ground between native plants and trees is covered with dry grasses, the earth is pale, crusty and barren, like it's meant to be. That's because Mr. Pike has been pulling weeds. 'You won't find any of them in this area here because I've removed them,' said Mr. Pike, 84, a retiree from Maine who installed floor-to-ceiling windows in his living room to better see his beloved desert. Mr. Pike is at war with buffel grass and fountain grass, two invasive species that are spreading in the Sonoran desert, choking native plants, increasing the risk and intensity of wildfires and threatening a vibrant ecosystem. He began hunting the thick grasses, which were introduced to the area by landscapers, almost 15 years ago. Since then, he estimates that he and his team of volunteers have cleared 550 of the roughly 14,000 acres they oversee. In 2024, that earned him the title of Arizona's Weed Manager of the Year. Work by volunteers like Mr. Pike has always been an important supplement to managing federal lands, according to government workers who say their programs have been underfunded for years. But since the Trump administration and the so-called Department of Government Efficiency began mass firings of federal workers, volunteers like Mr. Pike have become more vital than ever. 'It's going to be important for the federal agencies, the Forest Service in particular, to find ways to engage people,' Mr. Pike said on his back porch in March. 'There's a lot of people that want to get involved. Particularly retirees who have a lot of skills.' Ine February, at least 2,000 employees had been eliminated from the U.S. Forest Service, which is responsible for lands across the country that, together, rival the size of Texas. Forests like the Tonto are at risk as climate change increases the chances of wildfires and as invasive species spread. But citizen scientists like Mr. Pike are working to reduce fire and heat risks, clear hundreds of acres of invasives and capture data on threatened cactuses, helping to save what otherwise might be lost. Bringing in Reinforcements Patti Fenner was an invasive weeds specialist for the United States Forest Service in 2011 when she gave a presentation to a retirees group that included Mr. Pike. After the talk, Ms. Fenner and Mr. Pike took a hike and she pointed out how invasive grasses had begun overtaking native plants. That first outing led to a decades-long obsession, and when Ms. Fenner retired three years later and founded Friends of the Tonto, a volunteer group with about 70 members that assists the national forest, Mr. Pike became one of the first members. Ms. Fenner had worked in the forest since college, doing a variety of jobs. She liked the Forest Service-style of land management because it demanded compromise from all parties. Unlike national parks, Forest Service land is used by multiple interests, including logging, mining and ranching in addition to recreation. But maintaining an ecological balance is also key, and when Ms. Fenner became the forest's first noxious weed manager in 2003, it felt like a Sisyphean task to clear three million acres of rapidly multiplying invasive species. Mr. Pike decided to concentrate on a smaller scale, homing in on what's known as the wildland urban interface, or the space where developments like his neighborhood creep up on wilderness areas like the Tonto. A former engineer, he created a map to track the progress he made with his team of volunteers, pinning a green flag where invasives were cleared. The flag turns yellow after two years as a reminder to clear the area again. While his system is effective in his relatively small section, it's an unlikely fix for an entire forest. 'In the direction that we're headed, the desert will become a grassland,' Mr. Pike said. Lightning-strike fires have always been possible in the desert, but excess vegetation like red brome, a grass that dries into short hay-like tufts, has contributed to bigger and more frequent wildfires in the Tonto. One of the first huge wildfires came in 2005, when the Cave Creek Complex fire burned 243,000 acres. Then, in the summer of 2020, Mr. Pike watched the sky turn orange as the Bush fire burned 193,000 acres, killing roughly 80,000 saguaros, the distinctive cactuses with cartoonish curved arms. Invasive plants grew back quickly, outcompeting the native saguaros and palo verde, the state tree with flowers like tiny yellow bells. So, Friends of the Tonto started a second monitoring program for the saguaros. In late 2023, Mr. Pike created another map with more than 9,900 tiny saguaros. On this one, green signals good health and black means the cactus is dead. He's trained about 40 people to find additional saguaros and monitor the ones already in the database. Staff at the Desert Botanical Garden in Phoenix and the Saguaro National Park near Tucson are also monitoring the plants. But Mr. Pike's group is a citizen science program done exclusively by volunteers using simple tools. They measure, somewhat based on guesswork, the height and number of arms, and share visual observations of the cactus's health, along with a photo. The Future of the Forest The main office at Tonto has been closed for years because the Forest Service had trouble staffing it, even before the recent hiring freeze and terminations, largely because the pay was low, Ms. Fenner said. Other offices within the forest used to stay open on weekends during the busy season, but that also ended years ago because of a lack of employees. 'If you're trying to get ahold of somebody there's no one to talk to,' Ms. Fenner said of the forest staff. 'It's like nobody's home.' Ongoing budget and staffing issues at the Tonto have limited the scope of volunteer work, which is based on an agreement with the Forest Service that spells out the terms of the relationship. The Forest Service did not respond to a request for comment. Mr. Pike has been struggling to contact federal employees who can help him apply for grants. In 2024, he helped win a $105,000 grant from the state's Department of Forestry and Fire Management to hire a contractor to apply herbicide and organize a youth group to cull invasive plants in the forest. 'It's not going to get better, it's going to get worse,' Mr. Pike said of communication with forest managers. He's wants to secure more grants to better manage the invasive plants but without support from forest officials, he said, 'I can't logically expand the area that I'm covering.' Still, they are tackling the impossible, weed by weed. At the top of a hill overlooking the Tonto called Sears-Kay, which features ruins almost 1,000 years old, Ms. Fenner spotted buffel grass in late March. She tried to pull it with her bare hands but it was rooted too firmly. So she called Mr. Pike, and he encouraged her to go back with a shovel. She went on a walk and pulled the plant the next day.

Titusville driver booked on DUI charges in deadly crash
Titusville driver booked on DUI charges in deadly crash

Yahoo

time30-03-2025

  • Yahoo

Titusville driver booked on DUI charges in deadly crash

TITUSVILLE — A 28-year-old man has been charged with DUI manslaughter after Titusville police said he fatally struck a pedestrian Friday afternoon. Dallas Scott Weed was driving a Dodge work truck westbound on Columbia Boulevard at about 2:50 p.m. Friday when he hit a man who was returning to work at a nearby Walmart Supercenter on 3175 Cheney Highway. The man, whom police did not identify, was taken to a nearby hospital, where he died at 4 p.m., police said. Police found Weed at the scene of the crash and determined that he showed signs of intoxication. Weed was booked into the Brevard County Jail Complex and held on $15,000 bail. J.D. Gallop is a criminal justice/breaking news reporter at FLORIDA TODAY. Contact Gallop at 321-917-4641 or jgallop@ Twitter: @JDGallop. This article originally appeared on Florida Today: Titusville driver booked on DUI charges in deadly crash

Titusville pedestrian deadly crash: Man arrested and charged with DUI manslaughter, police say
Titusville pedestrian deadly crash: Man arrested and charged with DUI manslaughter, police say

Yahoo

time29-03-2025

  • Yahoo

Titusville pedestrian deadly crash: Man arrested and charged with DUI manslaughter, police say

The Brief A man has been arrested and is being charged with DUI manslaughter after he hit and killed a pedestrian who was walking on a crosswalk on Friday in Titusville, police say. Records show Dallas Scott Weed, 28, was booked into the Brevard County Jail and is being held on a $15,000 bond. The Titusville Police Department said they are continuing to investigate the crash. TITUSVILLE, Fla. - A man has been arrested and is being charged with DUI manslaughter after he hit and killed a pedestrian who was walking on a crosswalk on Friday in Titusville, police say. Records show Dallas Scott Weed, 28, was booked into the Brevard County Jail and is being held on a $15,000 bond. The Titusville Police Department said they are continuing to investigate the crash. What we know Police said a man was struck by a vehicle around 2:50 p.m. Friday, March 28, while walking within the crosswalk at the intersection of Columbia Boulevard (State Road 405) and Windover Trail. Reports show the man was crossing the roadway northbound, to return to his employment position at Walmart, when he was struck by a white 2017 Dodge Super Duty work truck that was driving westbound on Columbia Boulevard. Authorities said the pedestrian was transported to a local hospital, but he died less than two hours later. The driver of the truck, Weed, remained at the scene of the crash, officials said. Police reported Weed was arrested after he displayed signs of intoxication. Weed is being charged with DUI manslaughter. What we don't know FOX 35 has reached out to officials for more information surrounding the crash and has requested an official arrest report for the incident. It is currently unclear how intoxicated Weed was at the time of the crash. The pedestrian in the case has not yet been identified. Police said more information will be released once the investigation is completed. STAY CONNECTED WITH FOX 35 ORLANDO: Download the FOX Local app for breaking news alerts, the latest news headlines Download the FOX 35 Storm Team Weather app for weather alerts & radar Sign up for FOX 35's daily newsletter for the latest morning headlines FOX Local:Stream FOX 35 newscasts, FOX 35 News+, Central Florida Eats on your smart TV The Source This story was written based on information shared by the Titusville Police Department in a news release on March 29, 2025.

Arrest made in fatal Titusville DUI pedestrian crash
Arrest made in fatal Titusville DUI pedestrian crash

Yahoo

time29-03-2025

  • Yahoo

Arrest made in fatal Titusville DUI pedestrian crash

Titusville police released information on a fatal crash on Friday, March 28, 2025, at 2:50 pm. The initial investigation revealed that an adult male was crossing the roadway when he was struck by a white 2017 Dodge Super Duty work truck. The driver of the vehicle, Dallas Scott Weed, 28, remained at the scene of the crash and displayed signs of being intoxicated. Weed was charged with DUI Manslaughter and is being held on $15,000 bond. Click here to download our free news, weather and smart TV apps. And click here to stream Channel 9 Eyewitness News live.

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