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, ...

Financial Performance - Fiscal fourth quarter revenue grew 12% year over year to $2.2 billion, while fiscal year 2024 revenue increased 16% year over year to $8.0 billion[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, for the same quarter last year[1][2] - 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, for the same quarter last year[2] - Total revenue for the three months ended July 31, 2024, was $2,189.5 million, a 12.1% increase from $1,953.3 million in the same period of 2023[22] - Net income for the three months ended July 31, 2024, was $357.7 million, compared to $227.7 million in the same period of 2023, representing a 57.2% increase[24] - Non-GAAP operating income for the three months ended July 31, 2024, was $588.3 million, up from $554.0 million in the same period of 2023, reflecting a 6.2% increase[24] - The diluted net income per share for the three months ended July 31, 2024, was $1.01, compared to $0.64 in the same period of 2023, an increase of 57.8%[24] - Non-GAAP net income for the three months ended July 31, 2024, was $522.2 million, compared to $482.5 million in the same period of 2023, a growth of 8.2%[24] Revenue Expectations - For fiscal Q1 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%[4] - For fiscal year 2025, total revenue is expected to be in the range of $9.10 billion to $9.15 billion, representing year-over-year growth of 13% to 14%[4] - Guidance for fiscal year 2025 includes the expected financial impact of the pending acquisition of IBM's QRadar SaaS assets[5] Operating Metrics - Next-Generation Security ARR grew 43% year over year to $4.2 billion[1] - Remaining performance obligation increased by 20% year over year to $12.7 billion[1] - Subscription and support revenue increased to $1,709.0 million, up 18.2% from $1,445.9 million year-over-year[22] - Total operating expenses for the three months ended July 31, 2024, were $1,377.4 million, compared to $1,193.0 million in the same period of 2023, an increase of 15.4%[22] - Research and development expenses increased to $494.8 million, up from $414.4 million year-over-year, a rise of 19.4%[22] - Non-GAAP operating margin for the three months ended July 31, 2024, was 26.9%, down from 28.4% in the same period of 2023[24] - Non-GAAP operating margin for fiscal year 2025 is expected to be in the range of 27.5% to 28.0%[4] Balance Sheet Highlights - Total assets increased to $19,990.9 million, up from $14,501.1 million, representing a growth of 37.3% year-over-year[26] - Cash and cash equivalents rose to $1,535.2 million, compared to $1,135.3 million, reflecting a 35.2% increase[26] - Total current assets reached $6,849.7 million, an increase of 13.2% from $6,048.0 million[26] - Long-term investments grew to $4,173.2 million, up from $3,047.9 million, marking a 36.9% increase[26] - Total liabilities increased to $14,821.2 million, compared to $12,752.7 million, a rise of 16.3%[26] - Total stockholders' equity surged to $5,169.7 million, up from $1,748.4 million, indicating a growth of 195.5%[26] - Deferred revenue increased to $5,541.1 million, compared to $4,674.6 million, reflecting a growth of 18.5%[26] - Retained earnings improved to $1,350.2 million, compared to an accumulated deficit of $1,227.4 million, showing a significant turnaround[26] - Accounts receivable, net rose to $2,618.6 million, up from $2,463.2 million, a growth of 6.3%[26] - Long-term deferred revenue increased to $5,939.4 million, compared to $4,621.8 million, representing a growth of 28.5%[26] Shareholder Actions - The board authorized an additional $500 million for share repurchases, increasing the total remaining authorization to $1 billion[4]

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 ...