News Formal

Palo Alto Networks shares rise more than 12% after earnings report

  • 📰 CNBC
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 72%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

The cybersecurity vendor's share price jumped after investors found little to be concerned about in the after-the-bell Friday report.

The company reported adjusted quarterly earnings per share of $1.44 versus a Refinitiv analyst consensus of $1.28 per share. While Palo Alto missed consensus estimates for revenue, which came in at $1.95 billion versus $1.96 billion for the quarter ended July 31, the company said that revenue increased 26% compared to the year-ago quarter.

There had been some concern among analysts that Palo Alto was slated to report bad news alongside its earnings, since it scheduled its earnings release date for after-the-bell Friday. Historically, it's a scheduling slot sometimes adopted by companies with poor numbers to report. As a result, Palo Alto stock fell as far as $208.02 after it announced its earnings release date.

The pre-market rally means that Palo Alto's shares have largely recovered from the plunge. Palo Alto CEO Nikesh Arora described the pre-earnings concern as making for "some very interesting reading" in analyst reports.

 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 12. in İT

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Palo Alto Networks CEO addresses Friday earnings experiment: 'Lesson learnt'After spooking Wall Street with its plans to report earnings after Friday's close, Palo Alto Networks' mysterious move turned out to be much ado about nothing.
Fonte: MarketWatch - 🏆 3. / 97 Leggi di più »

Palo Alto Networks shares surge after earnings, Napco Security tumbles and more stocks on the movePalo Alto Networks, Napco Security, Tesla and Jet.AI were among the biggest moving stocks ahead of Monday's open.
Fonte: MarketWatch - 🏆 3. / 97 Leggi di più »

Palo Alto Networks shares surge after earnings, Tesla climbs and more stocks on the movePalo Alto Networks, Napco Security, Tesla and Jet.AI were among the biggest moving stocks ahead of Monday's open.
Fonte: MarketWatch - 🏆 3. / 97 Leggi di più »

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.
Fonte: nbcchicago - 🏆 545. / 51 Leggi di più »