Palo Alto Networks rallies on earnings beat, CTO exit

Financial Performance - Palo Alto Networks' adjusted earnings reached $0.95 per share [1] - Revenue increased by 16% to $2.54 billion [1] - The company projects future commitments up to $15.5 billion [1] Guidance - The company anticipates both fiscal Q1 and full-year results to surpass estimates [1] Leadership Transition - The founder and CTO is stepping down, with the current product chief taking over [2] Strategic Developments - The $25 billion deal to acquire Cyber Arc caused investor concern and a subsequent share price decline [2]