Palo Alto Networks updated investors on how its massive change in strategy is developing.
Palo Alto Networks (PANW) stock is down 9% despite a double beat.
Palo Alto Networks shares fell 3.5% on Tuesday after a largely in-line fourth-quarter billings forecast indicated the near-term impact of the cybersecurity firm's attempts to consolidate its services under a single platform.
Palo Alto's (PANW) Q3 performance reflects the benefits of solid demand across its cyber security portfolio amid the growing hybrid work trend and cloud migration worldwide.
Palo Alto Networks' NASDAQ: PANW share price is down more than 5% following its FQ3 release, which provides an attractive buy-the-dip opportunity. The move is driven by an increase in billings that have no bearing on the underlying business.
Palo Alto Networks' NASDAQ: PANW share price is down more than 5% following its FQ3 release, which provides an attractive buy-the-dip opportunity. The move is driven by an increase in billings that have no bearing on the underlying business.
Palo Alto Networks Inc (NASDAQ:PANW) reported a fiscal third-quarter earnings and revenue beat after yesterday's close, but the security slipped after also issuing a weaker-than-expected billings outlook.
After Palo Alto Networks Inc. dramatically cut its full-year outlook three months back, some were hopeful that the cybersecurity company was just clearing the decks.
Palo Alto Networks Inc (NYSE:PANW, ETR:5AP) moved almost 8% lower in pre-market trading on Tuesday as investors fled on underwhelming revenue forecasts. Cybersecurity firm Palo Alto had guided for fourth-quarter revenue to come in between US$2.15 billion and US$2.17 billion in results on Monday.
Palo Alto Networks Inc (NYSE:PANW, ETR:5AP) moved almost 8% lower in pre-market trading on Tuesday as investors fled on underwhelming revenue forecasts. Cybersecurity firm Palo Alto had guided for fourth-quarter revenue to come in between US$2.15 billion and US$2.17 billion in results on Monday.
Shares in Palo Alto Networks (PANW) slumped nearly 9% late Monday after the cybersecurity firm issued a lackluster current-quarter and full-year outlook, but the stock may find buying interest near a key zone of chart support.
Palo Alto Networks, Inc. (NASDAQ:PANW ) Q3 2024 Earnings Conference Call May 20, 2024 4:30 PM ET Company Participants Walter Pritchard - Senior Vice President, Investor Relations & Corporate Development Nikesh Arora - Chairman & Chief Executive Officer Dipak Golechha - Chief Financial Officer Lee Klarich - Chief Product Officer Conference Call Participants Brian Essex - JPMorgan Brad Zelnick - Deutsche Bank Hamza Fodderwala - Morgan Stanley Matt Hedberg - RBC Tal Liani - Bank of America Saket Kalia - Barclays Gabriela Borges - Goldman Sachs Gray Powell - BTIG Gregg Moskowitz - Mizuho Fatima Boolani - Citi Shaul Eyal - Cowen Andy Nowinski - Wells Fargo Joe Gallo - Jefferies Ben Bollin - Cleveland Research Jonathan Ho - William Blair Joel Fishbein - Truist Walter Pritchard Good day, everyone, and welcome to Palo Alto Networks' Fiscal Third Quarter 2024 Earnings Conference Call. I am Walter Pritchard, Senior Vice President of Investor Relations and Corporate Development.