Palo Alto Networks finally gets back on track — delivering strong earnings and a promising outlook

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After two rough quarters, Palo Alto reports the type of earnings we expect from one of the best cybersecurity companies in the world

After two rough quarters, Palo Alto Networks on Monday evening delivered the type of earnings report we expect from one of the best cybersecurity companies in the world. The stock rose another 2% in after-hours trading. Revenue during Palo Alto's fiscal 2024 fourth quarter increased 12% year over year to $2.19 billion, beating the consensus estimate of $2.16 billion that was compiled by LSEG. Adjusted earnings per share advanced 5% to $1.

Palo Alto Networks headquarters in Santa Clara, California, US, on Monday, Aug. 14, 2023. Palo Alto Networks Inc. is scheduled to release earnings figures on August 18.on Monday evening delivered the type of earnings report we expect from one of the best cybersecurity companies in the world. The stock rose another 2% in after-hours trading.

 

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