ROSEN, LEADING INVESTOR COUNSEL, Encourages Palo Alto Networks, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – PANW

NEW YORK, April 02, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Palo Alto Networks, Inc. (NASDAQ: PANW) between August 18, 2023 and February 20, 2024, both dates inclusive (the “Class Period”), of the important April 26, 2024 lead plaintiff deadline.

SO WHAT: If you purchased Palo Alto common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Palo Alto class action, go to https://rosenlegal.com/submit-form/?case_id=22789 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 26, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) Palo Alto’s consolidation and platformization initiatives were not driving increased market share to a significant degree; (2) Palo Alto would need to ramp up platformization and free product offerings to entice customers to adopt more of their platforms; (3) Palo Alto’s high growth in billings was not sustainable; (4) Palo Alto’s new Artificial Intelligence (“AI”) offerings were not facilitating greater platformization and consolidation; and (5) based on the foregoing, defendants lacked a reasonable basis for their positive statements about customer demand, billings, and platformization, as well as related financial results, growth, and prospects. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Palo Alto class action, go to https://rosenlegal.com/submit-form/?case_id=22789 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
case@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 9082637

Diop wants more women in higher political positions

The Special Envoy on Women, Peace and Security of the Chairperson of the African Union (AU), Bineta Diop has encouraged African women to take up higher positions in politics. Diop in a recent interview with Nampa strongly articulated and advocated for the promotion of women leaders, emphasizing the existing political will and the abundance of policies, such as the equality principle at the AU. The special envoy, while referencing the historic election of former Liberian president Ellen Johnson Sirleaf, underscored that it is time to translate this will into action by electing more women into leadership positions, particularly at the highest levels. 'Women are just as competent in their capacity to lead, drawing from their roles in liberation movements, peacemaking endeavours and development agendas, can be transformative and have a great impact,' she expressed. The chairperson further emphasised the transformative impact of women in leadership roles, while acknowledging the efforts of past female leaders in various African nations and the establishment of networks like the Africa Women Leaders Network. Diop also strongly commended and supported Namibia's efforts in enabling women leadership by advocating for its first female president Netumbo Nandi-Ndaitwah, adding that the country is indeed ready for female leadership. 'By bringing a different perspective to the table and prioritising human security dimensions such as education and healthcare access, women leaders can drive meaningful change in society. We therefore urge for the acceleration of implementation towards achieving gender parity in leadership roles.' Meanwhile, Commissioner for Political Affairs, Peace and Security Bankole Adeoye acknowledged Diop's sentiments, adding that the recent AU seminar on high-level peace and security which took place at Swakopmund adopted the Swakopmund Process, which is aligned with the UN Security Council Resolution 1325, further solidifying the commitment to advancing the agenda of women, peace and security. Acc ording to Adeoye, the endorsement of the Swakopmund Process by the AU Peace and Security Council marks a significant milestone, signifying an ongoing commitment to championing women's causes in peace and security. 'This initiative, to be held annually or biannually across five regions, will serve as a platform to amplify the voices of women in advancing peace and security agendas,' he noted. Source: The Namibia Press Agency

Mbumba conveys condolence message to Botswana

WINDHOEK: President Nangolo Mbumba conveyed a message of condolences to President Mokgweetsi Masisi of the Republic of Botswana and the people of Botswana, following the death of 45 nationals from the neighbouring country in a tragic bus crash last week Thursday. The incident took place when the bus transporting Easter pilgrims from Botswana to Moria in South Africa allegedly crashed on the R518 road in Limpopo Province of South Africa, killing 45 people from Botswana, with only one victim surviving. Mbumba in his message shared by the Presidency on Sunday said: 'It is with profound sadness and a heavy heart that I extend my deepest condolences on behalf of the people of Namibia to President Mokgweetsi Masisi and the people of Botswana, following the tragic bus crash near South Africa's Limpopo province. The loss of 45 lives, predominantly citizens of Botswana, in this devastating accident has deeply saddened us all. Our thoughts and prayers are with the families and friends of the victims during this diff icult time.' Namibia, he went on to say, shares in the grief of Botswana and stands in solidarity with the affected families as they mourn their loved ones. The news of the sole survivor, an eight-year-old girl, brings a glimmer of hope amidst this tragedy, the Namibian Leader said, adding: 'We pray for her swift recovery and extend our support to her and her family as they navigate through the aftermath of this harrowing experience.' May the bereaved families find strength and solace during this period of mourning, Mbumba expressed. Source: The Namibia Press Agency

Biggest chunk of MURD budget goes to regional and local governments

WINDHOEK: The Ministry of Urban and Rural Development (MURD) has allocated over N.dollars 1.3 billion out of its total budget of N.dollars 2.6 billion to regional and local governments as well as the traditional authorities. Recently motivating his ministry's 2024/25 budget, Minister Erastus Uutoni informed parliament that over N.dollars 904 million in subsidies will support the operational and service delivery capacity of regional councils, local authorities, and traditional authorities. The remaining N.dollars 362 million will be used for revision of the Local Authorities Act of 1992, the Councils of Traditional Leaders Act of 1997 and its Amendment Act No. 31 of 2000, and the Traditional Authorities Act of 2000. The ministry is also finalising the development of the Urban Land Reform Policy and Strategy, he said. Uutoni also said the money will be further spent on upgrading and constructing ten open markets in various localities, including Bukalo, Eenhana, Keetmanshoop, Okakarara, Omaruru, Omuthiya, Op uwo, Oshivelo Settlement, and Outjo. He said the ministry has also allocated N.dollars 16 million to fund activities related to the decentralisation of additional functions from ministries to regional councils. 'In addition, over N.dollars 1.04 billion has been allocated towards supporting urban and regional planning, infrastructure, and housing development programmes. This allocation is part of the development budget amounting to N.dollars 1.203 billion,' he said. According to Uutoni, the ministry plans to spend N.dollars 360 million on massive urban land servicing countrywide, while N.dollars 193 million will be spent on upgrading informal settlements. The ministry further allocated N.dollars 221 million for housing delivery through government-funded programmes such as the Mass Housing Development Programme and Build Together Programme and support to the Shack Dwellers Federation of Namibia. 'The budgetary allocation to this programme will be deployed to sustain and scale up our existing and new policy initiatives aimed at creating increased and inclusive access to and opportunities for land tenure security and decent housing for our citizens,' he said. Source: The Namibia Press Agency

Army confirms minor explosion at farmland in Ikeja Cantonment

The Nigerian Army says a minor explosion occurred in a farmland near the Mammy Market within the Ikeja Cantonment in Lagos on Monday. This is contained in a statement by the Director Army Public Relations, Maj.-Gen Onyema Nwachukwu, in Abuja. Nwachukwu said the explosion was suspected to have been triggered by the burning of refuse and other inflammable debris by a farmer who cultivated the farmland. According to him, no casualty was recorded in the incident. 'However, given that the cantonment was recently cleared and certified free of unexploded ordnances, we understand that there could be concerns among the general public as a result of the historical antecedent of explosion within the Cantonment. 'The Nigerian army therefore wishes to assure the public that the situation is under control as its Engineers Explosive Ordnance Disposal (EOD) team has cordoned off the area of the farmland to conduct a thorough investigation into the cause of the explosion. 'We urge residents in the general area not to pa nic and assure them of their safety,' he said. Source: News Agency of Nigeria

Ezeribe Foundation, GetBundi Technology college train 20 Imo youths in digital skills

The Ezeribe Foundation is to partner with GetBundi College of Technology to train 20 youths from Obowo Local Government Area of Imo in digital skills. The digital skill education will be undertaken through the GetBundi Education Technology platform, a hybrid digital skills education platform for youths across Africa. A statement by Mrs Juliet Ijei, the course coordinator for GetBundi, indicated that the four-month training exercise would be on Web Development and Data Analytics. 'Of the four months, one month shall be committed to onboarding, while three months shall be dedicated to online live classes with a masterclass every month from industry experts. 'We handhold our students and facilitate their learning process along their curriculum, with monthly performance-based tests that allow them take their theoretical understanding, which is knowledge, and turn it into the practical application, which is skill. 'Our curriculum is designed to make our students job ready,' Ijei said. The fully-funded progra mme is one of the many ways Ezeribe Foundation is supporting education across Obowo Local Government Area. 'Recognising the importance of digital skills in today's job market, Ezeribe Foundation is committed to improving the employability of Obowo youths in helping them to acquire digital skills. 'Such skills are very crucial for Nigerian youths in today's world as they enhance employability, foster innovation and promote economic development. 'The Foundation has further pledged to continue to support the youths in Obowo to acquire skills needed to make them instantly employable. 'Beyond funding the programme, the foundation is providing functional laptops for each of the trainees with access to the internet . 'If you're between 18-35 and from Obowo Local Government Area, you're eminently qualified for the programme,' the statement said. Ijei thanked Ezeribe Foundation for its support to the youths. 'We believe that Nigerian youths possess the ability and creativity to lead the African digital transfor mation, if given the best chances to learn. 'That is why we developed GetBundi platform and crafted the courses to help them learn and commercialise innovation. 'We are sure this is a life changing opportunity for the beneficiaries. We want more Nigerians to emulate the founders of Ezeribe Foundation and support the youths in their local communities and states. 'Youth empowerment should not be left for the government alone,' the statement added. GetBundi is a hybrid digital skills education institution for African youths and an online STEM education platform for post primary schools. It delivers high-quality, engaging and accessible education content from proficient educationalist and industry experts across the world. GetBundi College of Technology is approved by the Federal Ministry of Education in Nigeria and the National Board for Technical Education as a tertiary institution. Source: News Agency of Nigeria