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 Noticias

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

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 12. in MX
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Palo Alto Networks FQ3 earnings preview: What Wall Street expects to seePalo Alto Networks FQ3 earnings preview: What Wall Street expects to see
Fuente: Investingcom - 🏆 450. / 53 Leer más »

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.
Fuente: CNBC - 🏆 12. / 72 Leer más »