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, ...

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 ...

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 ...

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 ...

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 ...

Cybersecurity firm Palo Alto Networks (PANW) has lowered the bar heading into its fiscal third quarter earnings report on Monday, with Wall Street expecting only 3.3% billings growth. But expectations for Palo Alto stock are higher for the July quarter and fiscal 2025.X Evercore ISI analyst Peter Levine says Palo Alto needs to rebuild confidence on Wall Street amid recent quarterly misses on key financial metrics, such as billings."It's unclear to us how much visibility management currently has, considering ...

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, ...

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 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 ...

News Summary:   IBM to platformize internal security solutions with Palo Alto Networks; Palo Alto Networks will be its preferred cybersecurity partner across network, cloud and SOC Palo Alto Networks will incorporate watsonx large language models (LLMs) in Cortex XSIAM to deliver additional Precision AI™ solutions IBM will bolster its leading security services to drive a significant book of business in cybersecurity and AI security, featuring Palo Alto Networks platforms in its expanded portfolio IBM will ...