Palo Alto Shares in After-Hours as Quarterly Results, FY Forecast Beat Estimates
$Palo Alto Networks (PANW.US)$ shares rose 3% in extended trading after the cybersecurity company reported fiscal fourth quarter earnings and revenue that beat analysts' estimates and provided a rosier-than-expected outlook.
The company said adjusted earnings reached $1.51 a share in the three months ended July 31. That's better than the $1.41 expected by analysts, according to estimates compiled by Bloomberg. Revenue rose 12% to $2.19 billion, also above the average estimate of $2.16 billion.
The company said adjusted earnings reached $1.51 a share in the three months ended July 31. That's better than the $1.41 expected by analysts, according to estimates compiled by Bloomberg. Revenue rose 12% to $2.19 billion, also above the average estimate of $2.16 billion.
Palo Alto forecast fiscal year 2025 revenue in the range of $9.1 billion to $9.15 billion, the midpoint of which is higher than the $9.11 billion expected by analysts. Adjusted EPS was seen ranging from $6.18 to $6.31, the midpoint of which surpasses the $6.22 Bloomberg consensus.
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Former editor at Bloomberg, then Lazard Asset Management. Posts aren’t investment advice. Views are just mine.
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