Shares of Palo Alto Networks soared as much as 12% on Aug. 23 after the network security company reported results for its fiscal fourth quarter and said it expected sales to increase by at least 25% in fiscal 2023.
Palo Alto PANW CEO Nikesh Arora described the company’s fiscal guidance as “prudent.” MarketWatch’s Wallace Witkowski summarized the company’s results and its recent history of beating analysts estimates and its own guidance. For the fourth quarter of fiscal 2022, the company was profitable, with EPS of 3 cents. It also expected to be profitable on a GAAP basis in fiscal 2023.What about its competitors? In its annual report for fiscal 2021, Palo Alto listed five “main competitors” by name: Cisco Systems Inc. CSCO , Check Point Software Technologies, Ltd. CHKP , Fortinet Inc., FTNT , Zscaler Inc. ZS and CrowdStrike Holdings Inc. CRWD .
Here are the nine companies listed by expected two-year compound annual growth rates for sales through 2024:
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