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Blockbusting strategies were also employed to instill fear in white neighborhoods and cause White flight out of areas on the outskirts of the city. Blockbusting refers to a practice realtors adopted in which they would advertise the incoming presence of a black family to a neighborhood, causing panic among the white residents who would consequently sell their houses at deflated prices very quickly.[59] One famous blockbusting event is responsible for the prevailing demographic divides between Palo Alto and East Palo Alto.[60]

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Earnings Call Information

Palo Alto Networks will host a video webcast for analysts and investors to discuss the company's fiscal first quarter 2024 results as well as the outlook for its fiscal second quarter and fiscal year 2024 today at 4:30 p.m. Eastern time/1:30 p.m. Pacific time. Open to the public, investors may access the webcast, supplemental financial information and earnings slides from the "Investors" section of the company's website at investors.paloaltonetworks.com. A replay will be available three hours after the conclusion of the webcast and archived for one year.

Additional risks and uncertainties that could affect our financial results are included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Report on Form 10-K filed with the SEC on September 1, 2023, which is available on our website at investors.paloaltonetworks.com and on the SEC's website at www.sec.gov. Additional information will also be set forth in other filings that we make with the SEC from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

At Palo Alto Networks, we're committed to bringing together the very best people in service of our mission, so we're also proud to be the cybersecurity workplace of choice, recognized among Newsweek's Most Loved Workplaces (2023, 2022, 2021), with a score of 100 on the Disability Equality Index (2023, 2022), and HRC Best Places for LGBTQ Equality (2022). For more information, visit www.paloaltonetworks.com.

Media Contact: Sandra Wheatley, SVP, Corporate Communications, Palo Alto Networks, press@paloaltonetworks.com; Investor Relations Contact: Ryan Fenwick, Sr. Manager, Investor Relations, Palo Alto Networks, ir@paloaltonetworks.com 17dc91bb1f