NEW YORK (TheStreet) -- Shares of Palo Alto Networks Inc. (PANW) are up 1.39% to $103.95 in pre-market trading after discovering a new family of malware that can infect Apple's (AAPL) desktop and mobile operating systems, underscoring the increasing sophistication of attacks on iPhones and Mac computers, Reuters reports.
The "WireLurker" malware can install third-party applications on regular, non-jailbroken iOS devices and hop from infected Macs onto iPhones through USB connector-cables, the network security company told Reuters.
Palo Alto Networks said on Wednesday it had seen indications that the attackers were Chinese, Reuters added, saying, the malware originated from a Chinese third-party apps store and appeared to have mostly affected users within the country.
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Separately, TheStreet Ratings team rates PALO ALTO NETWORKS INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate PALO ALTO NETWORKS INC (PANW) a HOLD. The primary factors that have impacted our rating are mixed--some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow."