Palo Alto Networks Inc (NASDAQ:PANW) shares are trading higher Wednesday after the company announced it achieved $1.5 billion in sales on the Google Cloud Marketplace.

What Happened: Palo Alto announced it crossed $1.5 billion in cumulative sales through Alphabet Inc’s (NASDAQ:GOOG) Google Cloud Marketplace as of April. The cybersecurity company said the sales milestone highlights its commitment to helping organizations use artificial intelligence to more securely accelerate cloud and AI adoption.

Palo Alto said it was recognized with five 2025 Google Cloud Partner of the Year awards spanning AI technology, AI security, security infrastructure protection, security marketplace solutions and technology marketplace solutions.

"With Google Cloud, we combine their AI/ML capabilities with Palo Alto Networks industry-leading security platforms to provide a comprehensive suite of AI-driven security offerings," said Kristy Friedrichs, chief partnerships officer at Palo Alto Networks. 

"This deep collaboration helps customers achieve their AI and digital innovation objectives while mitigating associated risks. Surpassing $1.5 billion in sales on Google Cloud Marketplace signifies the demand for innovative security solutions as organizations prioritize cloud-first strategies."

PANW Price Action: Palo Alto shares were up 2.29% at $156.02 at the time of publication Wednesday, according to Benzinga Pro.

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