Palo Alto Networks, Inc. (PANW)
Palo Alto (PANW) Q3 Earnings and Revenues Beat Estimates
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.
Buy the Dip in Palo Alto Networks; Analysts Raise Targets
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.
Buy the Dip in Palo Alto Networks; Analysts Raise Targets
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.
Analysts Mixed on Palo Alto Networks Stock After Earnings
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.
Why Palo Alto Networks' earnings report missed the mark once again
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 slumps as guidance underwhelms on cybersecurity fears
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 slumps as guidance underwhelms on cybersecurity fears
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.
What to Watch For on Palo Alto Networks Stock After Post-Earnings Plunge
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. (PANW) Q3 2024 Earnings Call Transcript
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.
Palo Alto Networks Earnings Beat Expectations, Revenue Outlook In Line
Palo Alto Networks (PANW) reported quarterly earnings that beat analysts' expectations and provided revenue guidance that matched estimates.
Palo Alto (PANW) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for Palo Alto (PANW) give insight into how the company performed in the quarter ended April 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Palo Alto Networks reports 15% growth in Q3 revenue: stock is still losing
Palo Alto Networks Inc (NASDAQ: PANW) is trading down in extended hours on Monday even though it came in ahead of Street estimates for its third financial quarter. Palo Alto Networks stock down in muted guidance Investors are concerned because $PANW issued somewhat of a muted guidance for the future. The cybersecurity company forecasts its revenue to fall between $2.15 billion and $2.17 billion on up to $1.42 of per-share earnings. That was only in line with analysts at $2.16 billion and $1.41 a share, respectively. Still, Nikesh Arora – the chief executive of Palo Alto Networks said in a press release today: We are pleased with enthusiastic response to platformization … a long-term strategy that addresses the increasing sophistication and volume of threats, and the need for AI-infused security outcomes. The Nasdaq-listed firm ended its Q3 with $11.3 billion in remaining performance obligation – up 23% year-over-year. Palo Alto Networks stock is now up close to 15% versus its year-to-date low. Palo Alto Networks Q3 earnings snapshot Earned $279 million versus the year-ago $108 million Per-share earnings also climbed from 35 cents to 86 cents Adjusted EPS printed $1.32 at as per the earnings report Revenue jumped 15% year-over-year to $2.0 billion Consensus was $1.25 a share on $1.97 billion in revenue $PANW saw its adjusted operating margin sit at 26% – up 200 basis points in Q3. According to Dipak Golechha – the chief financial officer of Palo Alto Networks: We have remained disciplined in our execution while investing in go-to-market and innovation … and look forward to executing against our strategic goals and financial targets as we close out the year. Last month, the multinational based out of Santa Clara, California partnered with Google on AI-enabled cybersecurity as Invezz reported here. Watch here: Click Here The post Palo Alto Networks reports 15% growth in Q3 revenue: stock is still losing appeared first on Invezz
