Palo Alto Networks Beats Forecasts, Stock Rises in After-Hours Trading

Palo Alto Networks announced financial results that surpassed analyst expectations, leading to a significant increase in its stock price during after-hours trading. The cybersecurity firm's performance defied broader market trends, which saw the Nasdaq Composite Index decline by 1% amid escalating tensions in Iran. The conflict in the Middle East has driven oil prices to between $90 and $95 per barrel.

In other financial news, analysts commented on the Bank of Israel's recent interest rate decision, suggesting the central bank placed insufficient weight on regional geopolitical developments. The decision came despite economic data that indicated a need for a rate reduction.

Separately, Orna Zamir resigned from the board of Tnuva Food Cooperative following an exposé by TheMarker. In another market development, Sami Mislavi sold shares in his company, causing its stock to surge, raising questions about his potential profit.

Further economic and real estate news includes a lawsuit filed by 38 apartment buyers in Netanya, who claim they were promised they would not have to complete their purchase. A rare apartment opposite the Western Wall is on the market for NIS 50 million, with the 91-year-old owner deciding to sell.

On the technology front, a widely used app in Israel was blocked, reportedly causing severe disruption to the lives of 99% of Israeli users. Meanwhile, a report highlighted that advanced math and computer science studies might be considered a "waste of time" if they don't lead to practical learning.