Palo Alto Networks Inc (PANW) Blows Out Earnings Estimates

NYSE: PANW | Palo Alto Networks, Inc. Common Stock News, Ratings, and Charts

PANW – The cybersecurity firm’s forecast for the current quarter has also beat expectations.

Palo Alto Networks Inc (NYSE:PANW) handily beat earnings expectations after the bell on Thursday, and the market is reacting accordingly. Shares are up in the premarket, as the firm’s forecast for the current quarter has brought smiles to the faces of investors.  

Investor’s Business Daily has the details on Palo Alto’s quarter.

Palo Alto Networks (PANW) Thursday reported fiscal fourth-quarter profit and revenue that blew past Wall Street views, sending shares in the cybersecurity firm up in after-hours trades.

Palo Alto said adjusted earnings were $1.28 a share, up 39% from a year ago, with revenue rising 29% to $658.1 million. Analysts expected Palo Alto Networks to report earnings of $1.17 a share on sales of $633 million for the period ended July 31.

Those results were also well ahead of the $509 million in sales and 92 cent earnings per share which the firm delivered in the same period last year. Looking ahead to the current quarter, Palo Alto expects to report revenue of $630 million and profits of $1.05 per share.

Analysts had forecast $619 million and $1.04 per share for the October quarter.

Palo Alto Networks Inc shares rose $14.43 (+6.55%) in premarket trading Friday. Year-to-date, Palo Alto Networks, Inc. (PANW - Get Rating) has gained 52.04%, versus a 8.90% rise in the benchmark S&P 500 index during the same period.

Palo Alto Networks, Inc. (PANW - Get Rating) currently has a POWR Rating of A (Strong Buy), and is ranked #1 of 23 stocks in the Software – Security category.

Get Free Updates

Join thousands of investors who get the latest news, insights and top rated picks from!

Top Stories on

NASDAQ: MAT | Mattel, Inc. News, Ratings, and Charts

Mattel (MAT) plummets as toy mogul loses interest in potential merger

Mattel’s stock falls after toy mogul Isaac Larian loses interest in merging his company with Mattel
NYSE: ORCL | Oracle Corporation Common Stock News, Ratings, and Charts

Oracle (ORCL) shares surge after-hours following earnings report

Oracle shares rise after beating expectations
NYSE: X | United States Steel Corporation Common Stock News, Ratings, and Charts

Why U.S. Steel (X) shares got an upgrade from a Vertical Group analyst

Vertical Steel thinks U.S. Steel shares could rise due to big production cut
NYSE: SHOP | Shopify Inc. Class A Subordinate Voting Shares News, Ratings, and Charts

Shopify (SHOP) shares soar after unveiling plans for a new distribution network

Shopify hit an all-time high after announcing plans for distribution network
NASDAQ: NFLX | Netflix, Inc. News, Ratings, and Charts

New Adam Sandler movie sets a Netflix (NFLX) viewing record

Adam Sandler and Jennifer Aniston's Netflix, Inc. flick "Murder Mystery" may have broken viewing records.

Read More Stories

More Palo Alto Networks, Inc. Common Stock (PANW) News View All

Event/Date Symbol News Detail Start Price End Price Change POWR Rating
Loading, please wait...
View All PANW News
Page generated in 1.3115 seconds.