— Nikesh Arora, Palo Alto Networks CEO After spooking Wall Street for weeks with its plans to report earnings after Friday’s closing bell, Palo Alto Networks Inc.’s mysterious move turned out to be much ado about nothing.
Going back to 2018, only one member of the S&P 500 index SPX posted earnings on a Friday, according to Dow Jones Market Data. That was Nike Inc. NKE, -0.23% in December 2020, and while the report from Nike brought good news, Wall Street was still fearful headed into Palo Alto Networks’ report given the unconventional scheduling.
Shares of Palo Alto Networks rallied sharply after the latest results, however, up more than 11% in Friday’s extended session.
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