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Palo Alto Networks Earnings Beat Expectations, Revenue Outlook In Line
investopedia.com· 2024-05-20 23:10
Key TakeawaysPalo Alto Networks reported fiscal third-quarter results that came in better than analysts had anticipated.The cybersecurity company issued guidance that was roughly in line with expectations.Palo Alto shares fell more than 8% in extended trading following the release of the quarterly earnings report. Palo Alto Networks (PANW) reported quarterly earnings that beat analysts' expectations and provided revenue guidance that matched estimates. The company's shares fell more than 8% in extended trad ...
Palo Alto (PANW) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
zacks.com· 2024-05-20 23:01
Palo Alto Networks (PANW) reported $1.98 billion in revenue for the quarter ended April 2024, representing a year-over-year increase of 15.3%. EPS of $1.32 for the same period compares to $1.10 a year ago.The reported revenue represents a surprise of +0.91% over the Zacks Consensus Estimate of $1.97 billion. With the consensus EPS estimate being $1.25, the EPS surprise was +5.60%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to dete ...
Palo Alto Networks (PANW) Tops Q3 Earnings and Revenue Estimates
zacks.com· 2024-05-20 22:16
Palo Alto Networks (PANW) came out with quarterly earnings of $1.32 per share, beating the Zacks Consensus Estimate of $1.25 per share. This compares to earnings of $1.10 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.60%. A quarter ago, it was expected that this security software maker would post earnings of $1.30 per share when it actually produced earnings of $1.46, delivering a surprise of 12.31%.Over the last four quar ...
Palo Alto(PANW) - 2024 Q3 - Earnings Call Presentation
2024-05-20 20:33
Q3 Fiscal Year 2024 Earnings Call May 20, 2024 |© © 2 022042 4P aPloal oA lAtolt oN eNtewtowrokrsk,s I,n Icn.c A. lAl rlli grihgthst sre rseesrevrevde.d . Safe Harbor This presentation contains “forward-looking” statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, including the cybersecurity threat landscape, expectations regarding our platformization strategy and related progress and opportunities, long-term expectations regarding annual recurring revenue, ...
Palo Alto(PANW) - 2024 Q3 - Quarterly Results
2024-05-20 20:15
Exhibit 99.1 Palo Alto Networks Reports Fiscal Third Quarter 2024 Financial Results • Fiscal third quarter revenue grew 15% year over year to $2.0 billion • Remaining performance obligation grew 23% year over year to $11.3 billion • Non-GAAP operating margin grew 200 bps year over year to 26% SANTA CLARA, Calif., May 20, 2024 — Palo Alto Networks (NASDAQ: PANW), the global cybersecurity leader, announced today financial results for its fiscal third quarter 2024, ended April 30, 2024. Total revenue for the f ...
Palo Alto Networks Reports Fiscal Third Quarter 2024 Financial Results
prnewswire.com· 2024-05-20 20:05
Fiscal third quarter revenue grew 15% year over year to $2.0 billionRemaining performance obligation grew 23% year over year to $11.3 billionNon-GAAP operating margin grew 200 bps year over year to 26%SANTA CLARA, Calif., May 20, 2024 /PRNewswire/ -- Palo Alto Networks (NASDAQ: PANW), the global cybersecurity leader, announced today financial results for its fiscal third quarter 2024, ended April 30, 2024.Total revenue for the fiscal third quarter 2024 grew 15% year over year to $2.0 billion, compared with ...
5 Reasons to Buy Palo Alto Networks Stock Like There's No Tomorrow
fool.com· 2024-05-20 18:01
This cybersecurity leader delivers solid financial results in a high-growth industry.Palo Alto Networks (PANW 0.86%) is one of the more popular cybersecurity stocks out there at the moment. The stock is trading up nearly 70% over the past year, so investors might be wondering if all its future growth is already priced in and it's too late to get on board.To ease those concerns, know that there are still plenty of reasons to love this stock. These five, in particular, provide ample proof that you might want ...
Palo Alto Networks Looks Bullish Before Earnings (Technical Analysis)
seekingalpha.com· 2024-05-20 04:53
Kameleon007 Palo Alto Networks, Inc. (NASDAQ:PANW) is a cybersecurity company that has an intriguing setup. In this article, I will be using technical analysis to explain why I think PANW offers a bullish opportunity at current prices. I will outline my view on price action, momentum, volume, and relative strength. I will offer two potential price targets along with a stop loss. This article will not focus on the upcoming earnings announcement which will take place on 05/20/2024 since that is not my strengt ...
What You Need To Know Ahead of Palo Alto Networks' Earnings Report Monday
investopedia.com· 2024-05-17 00:15
Analyst Estimates for Q3 FY 2024Q2 FY 2024Q3 FY 2023Revenue$1.97 billion$1.98 billion$1.72 billionDiluted Earnings Per Share40 cents$4.8931 centsNet Income$143.3 million$1.75 billion$107.8 million Key Metric: Sales Amid 'Spending Fatigue' Palo Alto Networks lowered its outlook when reporting second-quarter earnings, citing "spending fatigue" among customers, raising concerns about headwinds for the cybersecurity industry. The guidance cut in late February sent shares lower, but analysts suggested they re ...
Palo Alto (PANW), IBM Team Up to Provide AI-Powered Solutions
zacks.com· 2024-05-16 15:05
Palo Alto Networks (PANW) has collaborated with International Business Machines (IBM) to improve its security platforms with the latter's artificial intelligence (AI) capabilities in order to deliver AI-powered security solutions.As part of this partnership, PANW is set to acquire IBM's QRadar SaaS assets to enhance its Cortex XSIAM platform. Meanwhile, International Business Machines will continue to support its existing on-prem QRadar clients.Both companies are set to establish a joint Security Operations ...