Investors were once again scrutinizing the company's billings guidance.Palo Alto Networks (PANW 0.93%) shares traded 6% lower following the company's fiscal third-quarter earnings report, although the drop was relatively calm compared to the nearly 30% drop the stock saw when it reported its fiscal second-quarter results in February.Let's look at the cybersecurity company's most recent results, whether its new strategy is showing signs of working, and whether it's time to buy the stock.Billing guidance disa ...

Artificial intelligence is changing the way businesses need to think about cybersecurity.A few months ago, cybersecurity giant Palo Alto Networks (PANW 0.93%) said it was observing a tenfold increase in email-based phishing attacks compared to last year. The reason? Generative artificial intelligence (AI) has accelerated the rate at which malicious actors can craft realistic content to trick employees into handing over sensitive information. But that's only one way AI is shifting the threat landscape, and P ...

SANTA CLARA, Calif., May 23, 2024 /PRNewswire/ -- Palo Alto Networks (NASDAQ: PANW), the global cybersecurity leader, announced today that members of its management team will be presenting at the following financial community event:Bank of America 2024 Global Technology ConferenceTuesday, June 4, 20247:50 a.m. PDTAdditional information about upcoming investor event participation and a live audio webcast of each presentation will be accessible from the "Investors" section of the Palo Alto Networks website at ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Palo Alto Networks. The Motley Fool has a disclosure policy.Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Palo Alto Networks (PANW) stock is down 9% despite a double beat.In this video, I will go over Palo Alto Networks' (PANW -3.10%) earnings report and explain why the stock is down despite a double beat.*Stock prices used were from the trading day of May 20, 2024. The video was published on May 20, 2024. ...

Palo Alto Networks, Inc. (PANW) reported better-than-expected results for the third quarter of fiscal 2024. The company reported non-GAAP earnings of $1.32 per share for the third quarter, which beat the Zacks Consensus Estimate of $1.25. The bottom line improved 20% from the year-ago quarter’s non-GAAP earnings of $1.10 per share and came above the company’s earlier guidance range of $1.24-$1.26.Palo Alto’s third-quarter revenues of $1.98 billion beat the Zacks Consensus Estimate of $1.97 billion and rose ...

Key PointsPalo Alto Networks stock price dipped on a surge in billings that have no bearing on company health or future growth.Guidance was narrowed to a range bracketing the consensus; guidance expects 10% to 11% revenue growth in Q4. Analysts are raising their targets and leading this market to retest its all-time high. 5 stocks we like better than Palo Alto NetworksPalo Alto Networks' NASDAQ: PANW share price is down more than 5% following its FQ3 release, which provides an attractive buy-the-dip opportu ...

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. Shares are down 6.6% at $302.46 at last check, with the brokerage bunch doling out two price-target cuts and two hikes in response to the results.Today's bear gap has the equity swinging to a year-to-date loss, but it still boasts a 31.2% year-over-year lead. Shares yesterday hit their highest level since ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Key TakeawaysPalo Alto Networks shares fell nearly 9% in extended trading Monday after the cybersecurity firm issued a lackluster current-quarter and full-year outlook.The company's muted guidance has raised concerns about its recent move to a consolidated cybersecurity platform aimed at driving growth among cautious enterprise customers.Palo Alto Networks shares find a zone of support between $281 and $295 from the 50-day moving average and price action over the past five months. Shares in Palo Alto Networ ...