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Palo Alto Earnings Due. Will Cybersecurity Firm Win Back Wall Street's Confidence?
investors.com· 2024-05-17 14:37
Cybersecurity firm Palo Alto Networks (PANW) has lowered the bar heading into its fiscal third quarter earnings report on Monday, with Wall Street expecting only 3.3% billings growth. But expectations for Palo Alto stock are higher for the July quarter and fiscal 2025.X Evercore ISI analyst Peter Levine says Palo Alto needs to rebuild confidence on Wall Street amid recent quarterly misses on key financial metrics, such as billings."It's unclear to us how much visibility management currently has, considering ...
Swiss Bank Nears New Highs Despite This Hurdle
investors.com· 2024-05-16 19:16
Swiss Bank UBS Group (UBS) is back above the 10-week moving average as it forms a cup base. Bank stocks have rallied since April after some big institutions reported strong earnings and interest rates remain high.X Zurich-based UBS Group provides wealth and asset management services and banking services to institutional, corporate and private clients. UBS took over failed Credit Suisse in March 2023. One year later, Swiss authorities are revisiting its capital requirements. Recent reports say regulators wan ...
Walmart Stock Near Buy Point With Earnings Due From Nation's Largest Grocer
investors.com· 2024-05-15 23:07
Walmart (WMT) prepares to disclose earnings for its fiscal first quarter early Thursday. Walmart stock was little changed near a buy point Wednesday.X The Walmart earnings report comes after Home Depot (HD) signaled a consumer pullback Tuesday, with lower revenue and store traffic in its latest quarter.Walmart EarningsEstimates: Analysts expect Walmart earnings to rise 7% to 53 cents, according to FactSet. Revenue is seen growing 5%, year over year, to $159.51 billion, for the quarter ended in April.Results ...