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, ...

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 ...

Financial Performance - Fiscal fourth quarter revenue increased by 12% year over year to $2.2 billion, compared to $2.0 billion in the same quarter of the previous year [1] - Fiscal year 2024 revenue grew by 16% year over year to $8.0 billion, up from $6.9 billion in fiscal year 2023 [1] - GAAP net income for the fiscal fourth quarter 2024 was $357.7 million, or $1.01 per diluted share, compared to $227.7 million, or $0.64 per diluted share, in the same quarter of the previous year [1] - Non-GAAP net income for the fiscal fourth quarter 2024 was $522.2 million, or $1.51 per diluted share, compared to $482.5 million, or $1.44 per diluted share, in the same quarter of the previous year [2] Key Metrics - Next-Generation Security Annual Recurring Revenue (ARR) grew by 43% year over year to $4.2 billion [1] - Remaining performance obligation increased by 20% year over year to $12.7 billion [1] - Non-GAAP operating margins increased by more than 300 basis points for the year, indicating strong cash generation [2] Financial Outlook - For fiscal first quarter 2025, total revenue is expected to be in the range of $2.10 billion to $2.13 billion, representing year-over-year growth of 12% to 13% [3] - For fiscal year 2025, total revenue is projected to be between $9.10 billion and $9.15 billion, indicating year-over-year growth of 13% to 14% [3] - Non-GAAP operating margin is expected to be in the range of 27.5% to 28.0% for fiscal year 2025 [3] Share Repurchase Program - The board of directors authorized an additional $500 million for share repurchases, increasing the total remaining authorization for future share repurchases to $1 billion, expiring December 31, 2025 [4]

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 ...