Palo Alto Networks spikes more than 7% on better-than-expected Q1 guidance

Financial Performance - Shares are up approximately 7% driven by the higher guide [1] - Earnings per share reached 95 cents, exceeding estimates [1] - Q1 earnings per share are guided between 88 cents and 90 cents, surpassing street expectations [1] - Q1 revenue guide is also higher than what the street anticipated [1] Key Metrics - Remaining purchase obligation (RPO) is a key metric for cybersecurity software companies, indicating revenue backlog [2] - The company is guiding between 154 billion and 155 billion for RPO, exceeding consensus [2] Market Dynamics - The report is viewed as positive overall [2] - Many long-only funds hold this name, unlike competitors Checkpoint and Fortnite, which experienced declines after less impressive guides [3]