Palo Alto Shares in After-Hours as Quarterly Results, FY Forecast Beat Estimates

Luzi Ann Santos wrote a column · Aug 20, 2024 04:17

$Palo Alto Networks (PANW.US)$ 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.

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.

Disclaimer: This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Indexes are unmanaged and cannot be directly invested in. Past performance is no indication of future results. Investing involves risk and the potential to lose principal. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information regarding your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty regarding its adequacy, completeness, accuracy, or timeliness for any purpose of the above content. See this link for more information.

Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more