Palo Alto Networks and Duolingo Poised for Growth in 2024 on AI Platforms and Rising Demand
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Palo Alto Networks is a leader in AI-powered cybersecurity. Its Cortex XSIAM platform uses AI to automate and improve security operations.
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Palo Alto expects to generate record revenue of $8.2 billion in fiscal 2024, up 18% year-over-year. It also forecasts 23% EPS growth.
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Duolingo is the largest language learning platform globally with 83 million monthly active users. It uses AI to enhance lessons and user experience.
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Duolingo's revenue grew 43% year-over-year in Q3 2023 to $137.6 million, beating expectations. The company has raised guidance multiple times.
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Both Palo Alto Networks and Duolingo have strong growth potential in 2024 due to rising cybersecurity risks and the vast language learning market worldwide.