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, ...

Exhibit 99.1 Palo Alto Networks Reports Fiscal Fourth Quarter and Fiscal Year 2024 Financial Results • Fiscal fourth quarter revenue grew 12% year over year to $2.2 billion. Fiscal year 2024 revenue grew 16% year over year to $8.0 billion. • Next-Generation Security ARR grew 43% year over year to $4.2 billion. • Remaining performance obligation grew 20% year over year to $12.7 billion. SANTA CLARA, Calif., Aug. 19, 2024 — Palo Alto Networks (NASDAQ: PANW), the global cybersecurity leader, announced today fi ...

Fiscal fourth quarter revenue grew 12% year over year to $2.2 billion. Fiscal year 2024 revenue grew 16% year over year to $8.0 billion.Next-Generation Security ARR grew 43% year over year to $4.2 billion.Remaining performance obligation grew 20% year over year to $12.7 billion.SANTA CLARA, Calif., Aug. 19, 2024 /PRNewswire/ -- Palo Alto Networks (NASDAQ: PANW), the global cybersecurity leader, announced today financial results for its fiscal fourth quarter and fiscal year ended July 31, 2024.Total revenue ...

Sundry Photography Introduction Heading into its Q4 FY2024 report, Palo Alto Networks (NASDAQ:PANW) stock has exhibited strong momentum, driven by expansion in its trading multiples: Data by YCharts However, with Palo Alto Networks projected to deliver only +11% y/y top-line growth and a -2% y/y decline in normalized EPS for Q4 FY2024, PANW's forward P/E multiple of 55.4x appears to be out of whack with the financial realities of this cybersecurity giant. Palo Alto Networks Q4 FY2024 Estimates (Seekin ...

Palo Alto Networks (PANW) is scheduled to report its fourth-quarter fiscal 2024 results on Aug 19.Palo Alto projects its fiscal fourth-quarter revenues in the range of $2.15-$2.17 billion, which suggests a year-over-year increase of 10-11%. The Zacks Consensus Estimate is pegged at $2.16 billion, which implies growth of 10.6% from the year-ago reported figure.For the fiscal fourth quarter, the company expects non-GAAP earnings in the range of $1.40-$1.42 per share. The consensus mark for PANW’s non-GAAP ear ...

Wall Street analysts forecast that Palo Alto Networks (PANW) will report quarterly earnings of $1.41 per share in its upcoming release, pointing to a year-over-year decline of 2.1%. It is anticipated that revenues will amount to $2.16 billion, exhibiting an increase of 10.6% compared to the year-ago quarter.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the cours ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Palo Alto Networks (PANW) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Palo Alto currently has ...

  Analyst Estimates for Q4 2024 Q3 2024 Q4 2023 Revenue $2.16 billion$1.99 billion$1.95 billion Diluted Earnings Per Share 66 cents 79 cents64 cents  Net Income $232.9 million $278.8 million $227.7 million Key Metrics: 2025 Outlook Spending fatigue among Palo Alto Networks' customers has been a major theme of the company's results in recent quarters, signaling headwinds in the cybersecurity industry. Palo Alto Networks' guidance has been used as an indicator for the sector. The company is expected to pro ...

The market expects Palo Alto Networks (PANW) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended July 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be rele ...

The surge in cloud computing stocks has been one of the defining trends of the tech sector in recent years, fueled by the accelerated shift toward digital transformation and remote work solutions. However, not all clouds have a silver lining. As the market matures and growth rates begin to normalize, certain players in the cloud space may not sustain their previously meteoric rises.The cloud computing market is expected to rise from $626 billion in 2022 to $2,220 billion by 2031. The increasing adoption of ...