News Formal

Palo Alto Networks tumbles on earnings once again. It's another chance to buy the cyber stock

  • 📰 CNBC
  • ⏱ Reading Time:
  • 10 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 72%

Club Earnings News

Jim Cramer,Investment Strategy,Markets

Wall Street's reaction to Palo Alto Networks' report seems overdone. Like its past two earnings sell-offs, we think investors should buy the dip.

Another earnings report, another sell-off in extended trading for Palo Alto Networks . But like the two releases preceding Monday night's results, we're looking at the decline as buying opportunity for long-term investors. Revenue during the cybersecurity company's fiscal 2024 third quarter increased 15% year over year to $1.985 billion, beating the consensus estimate of $1.967 billion that was compiled by LSEG. Adjusted earnings per share grew 20% to $1.

Signage outside Palo Alto Networks headquarters in Santa Clara, California, U.S., on Thursday, May 13, 2021.Another earnings report, another sell-off in extended trading for

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Palo Alto Networks FQ3 earnings preview: What Wall Street expects to seePalo Alto Networks FQ3 earnings preview: What Wall Street expects to see
Source: Investingcom - 🏆 450. / 53 Read more »

Stocks making the biggest moves after hours: Chubb, Cisco Systems, Palo Alto Networks and moreThese are the stocks posting the largest moves in extended trading.
Source: CNBC - 🏆 12. / 72 Read more »