Key TakeawaysPalo Alto Networks shares gained ground in premarket trading Tuesday after the cybersecurity provider released earnings that surpassed expectations and issued an outlook at the high end of Wall Street forecasts.Buyers snapped up a temporary dip below a multi-month trendline and the 200-day moving average earlier this month, with the price continuing to show upward momentum leading into the company’s quarterly results.Investors should watch key overhead chart levels in Palo Alto shares at $345, ...

One of Nancy Pelosi’s favorite holdings, Palo Alto Network (NASDAQ: PANW), recently unveiled its Q4 earnings report on August 20, posting beat on expectations.Namely, PANW reported earnings per share (EPS) of $1.51, compared with an estimated $1.41, and revenue of  $2.19 billion, above the expected $2.16 billion. This represents a 12% increase in revenue from the same period in the previous year.Furthermore, Palo Alto Networks raised its EPS guidance to $6.18 to $6.31, compared to an estimated  $6.22 for th ...

Robert Way Investment Thesis Palo Alto Networks (NASDAQ:PANW) fiscal Q4 earnings results delivered top and bottom beats, with better-than-expected guidance. However, I'm not convinced of its prospects. Even though there is enough here for me to upgrade my sell rating to a hold rating, I argue that paying 29x forward free cash flow for a business that is delivering mid-teen growth rates is too high a premium, even for a hot area of the market as cybersecurity. Succinctly put, I believe there are better oppor ...

Palo Alto Networks, Inc. (NASDAQ:PANW) Q4 2024 Earnings Conference Call August 19, 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 Saket Kalia - Barclays Hamza Fodderwala - Morgan Stanley Brian Essex - JPMorgan Andy Nowinski - Wells Fargo Gabriela Borges - Goldman Sachs Fatima Bool ...

Monday, August 19th, 2024Market indexes began the day in a good mood. Throughout the course of the trading session, nothing came along to trip it up, either. All four major indexes closed the day at or near session highs.The Dow gained +236 points, +0.58%, the S&P 500 was +54 points, +0.97%. The Nasdaq won the day as it has continued to lead over the past year and a half, +245 points, +1.39%, while the small-cap Russell 2000 was +25, +1.19%, in today’s session.July Leading Economic Indicators No Longer Show ...

After Palo Alto Networks reported an earnings beat on Monday, CEO Nikesh Arora told CNBC's Jim Cramer about his company's "platformization" strategy, saying it's important for the cybersecurity outfit's long-term success."It doesn't matter whose platform you buy, you can't go back. You can't go back to point solutions and start stitching them. It's like, it's like a one-way street — once you come this way, there's no going back," Arora said. "So, our incentive is, when we have the technological advantage, t ...

For the quarter ended July 2024, Palo Alto Networks (PANW) reported revenue of $2.19 billion, up 12.1% over the same period last year. EPS came in at $1.51, compared to $1.44 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $2.16 billion, representing a surprise of +1.29%. The company delivered an EPS surprise of +7.09%, with the consensus EPS estimate being $1.41.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Str ...

Palo Alto Networks (PANW) came out with quarterly earnings of $1.51 per share, beating the Zacks Consensus Estimate of $1.41 per share. This compares to earnings of $1.44 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.09%. A quarter ago, it was expected that this security software maker would post earnings of $1.25 per share when it actually produced earnings of $1.32, delivering a surprise of 5.60%.Over the last four quart ...

Key TakeawaysPalo Alto Networks reported stronger-than-expected earnings for the fiscal fourth quarter.Quarterly revenue grew from the year-ago period and slightly beat analysts' projections, while profit also topped analysts' estimates.Palo Alto Networks CEO Nikesh Arora highlighted the company's "strong execution" of its platformization strategy. Palo Alto Networks (PANW) reported better-than-expected earnings for the fourth quarter of fiscal 2024, as CEO Nikesh Arora highlighted the company's "strong exe ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...