Alphabet has given CEO Sundar Pichai a pay award that would place him among the most highly paid executives in the S&P 500. Alphabet (ticker: GOOGL) said Wednesday that it had approved a new equity award for Pichai. The package contains two tranches of performance stock units with a target value of $63 million each, plus a grant of $84 million in the form of Alphabet ‘s restricted stock units. Read More...
Motley Fool
Why CrowdStrike, Palo Alto Networks, and Fortinet Fell Today
Shares of cybersecurity software stocks CrowdStrike (NASDAQ: CRWD), Palo Alto Networks (NASDAQ: PANW), and Fortinet (NASDAQ: FTNT) were falling today, down 2.1%, 1.1%, and 1.3% as of 1:49 p.m. ET, even though the broader Nasdaq Composite was up by about 1.5% at that time. Yesterday, Palo Alto announced the closing of its acquisition of Cider Security, a leader in software application protection. On Tuesday night, cybersecurity peer BlackBerry had its fiscal third-quarter earnings report, in which management noted some caution in closing large cybersecurity deals in the near term, as sales cycles have become “elongated,” which is a fancy term for customers being slower to sign off on purchases.
