News Formal

Palo Alto Networks soars 15% after earnings report. What the pros say to do next

  • 📰 CNBC
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Pros on CNBC discussed Palo Alto Networks after the cybersecurity company reported better-than-expected earnings.

Market Movers rounded up the best reactions on Palo Alto Networks from investors and analysts. The experts, including Jim Cramer , talked about the cybersecurity provider following its fourth-quarter earnings report on Friday. Earnings came in above analyst estimates while revenue missed the mark, but still rose 26% from last year.

Investors had been concerned about Palo Alto's results given they were scheduled to be released after the market closed on Friday. Historically, those time slots have been used by companies to report poor numbers. The stock received several price target hikes following the news from the likes of Goldman Sachs, Morgan Stanley, Bank of America and more. Shares of Palo Alto finished Monday's trading day 14.8% higher. The stock is currently held in Cramer's Charitable Trust portfolio.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in FR

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Palo Alto Networks shares rise more than 14% after earnings reportThe cybersecurity vendor's share price jumped after investors found little to be concerned about in the after-the-bell Friday report.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Stocks making the biggest premarket moves: Palo Alto Networks, Earthstone Energy, Nvidia, VMware and moreThese are the stocks posting the largest moves in the premarket.
La source: nbcchicago - 🏆 545. / 51 Lire la suite »

Palo Alto Networks shares rise more than 12% after earnings reportThe cybersecurity vendor's share price jumped after investors found little to be concerned about in the after-the-bell Friday report.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Here's what analysts are saying after Palo Alto Networks' second-quarter earningsAnalysts are relieved and bullish on the cybersecurity stock after fourth quarter earnings.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Big Tech drives stocks higher, while the market rewards Club cyber name Palo Alto NetworksThe Investing Club holds its 'Morning Meeting' every weekday at 10:20 a.m. ET.
La source: CNBC - 🏆 12. / 72 Lire la suite »