'Better than the rest:' Wall Street cheers Palo Alto Networks earnings beat, forward guidance

Palo Alto Networks' earnings report on Monday garnered it a slew of analyst upgrades and positive notes. The company reported quarterly results that beat Wall Street's expectations on the top and bottom lines, provided strong quarterly and full-year guidance and announced that its board approved a 3-for-1 stock split to take place in September. In addition, the company expanded its stock repurchase program by $915 million to a total of $1 billion.

In addition, Liani noted that the company's guidance for full-year 2023 and that management expects to achieve positive GAAP net income, another positive and formerly a weak spot. Liani has a price target of $650 per share on the stock, which represents upside of 28% from Monday's close, and a buy rating. Positive EPS The company said it expects total revenue between $1.535 billion and $1.555 billion with diluted non-GAAP net income per share between $2.03 to $2.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Wall Street's Top Analysts Say These Are Their Favorite Stocks Right NowTipRanks analyst ranking service pinpoints Wall Street’s best-performing stocks, including Walmart & Home Depot.
La source: NBCDFW - 🏆 288. / 63 Lire la suite »

Here are 5 reasons that the bull run in stocks may be about to morph back into a bear market“There’s been plenty of great news, but the market needs a little bit of a pause. We’ve moved a little too fast, too quickly, right now,” one chief investment officer says.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »