Palo Alto Networks Tops Estimates, Announces Stock Split [Yahoo! Finance]
Palo Alto Networks, Inc. (PANW)
Last palo alto networks, inc. earnings: 2/24 04:15 pm
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Source: Yahoo! Finance
The cybersecurity company lifted its projections for full-year revenue and adjusted earnings per share (EPS). Palo Alto Networks also said it will undergo a 2-for-1 stock split next month. Palo Alto Networks ( PANW ) posted better-than-expected fiscal 2025 first-quarter results and announced a 2-for-1 stock split after the bell Wednesday. The cybersecurity company reported $2.14 billion in revenue for the quarter, up from $1.88 billion a year ago and just above the $2.12 billion consensus estimate of analysts compiled by Visible Alpha. Profit of $350.7 million jumped more than 80% and easily topped the expected $272.1 million. Chief Executive Officer (CEO) Nikesh Arora said the company notes that its customers are realizing its "platformization" strategy of consolidating and bundling services to boost sales is "the game changer that will solve security and enable better AI outcomes." Wedbush analysts, while maintaining an "outperform" rating and $400 price target, said they
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PANW
Earnings
- 11/20/24 - Beat
PANW
Sec Filings
- 11/21/24 - Form 4
- 11/21/24 - Form 10-Q
- 11/20/24 - Form 8-K
- PANW's page on the SEC website