Key points The cybersecurity firm raised its earnings guidance for fiscal 2025. The company will conduct a two-for-one stock split on December 12. The leading cybersecurity firm also announced a two-for-one stock split. Palo Alto Networks was moving higher Thursday as the cybersecurity company topped first quarter estimates and raised its guidance for Q2 and fiscal 2025. The company produced revenue of $2.14 billion in the fiscal first quarter, a 14% increase over the same quarter a year ago.
“We see multiple drivers here. Network security customers are increasingly deploying our software and SASE form factors, including adopting advanced Zero Trust security subscriptions across them. Over time, these customers have a significant incentive to converge their network security architecture towards adoption of our full suite of three form factors.” One area of concern that some analysts had, along with investors, was in the billing numbers.