News Formal

Palo Alto Networks shares rise more than 14% after earnings report

  • 📰 CNBC
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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 expected for the quarter ended July 31, the company said that revenue increased 26% compared with the year-ago quarter.

The premarket 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. "Our call for a possible transition away from hardware was unnecessary as the company put up impressive F4Q results and multi-year guidance without the need for any unusual theatrics; no management change, no M&A, no strategic pivots, and importantly no guide down on growth," Zelnick wrote in a Sunday note to clients.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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.
Källa: MarketWatch - 🏆 3. / 97 Läs mer »

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.
Källa: MarketWatch - 🏆 3. / 97 Läs mer »

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.
Källa: MarketWatch - 🏆 3. / 97 Läs mer »

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.
Källa: nbcchicago - 🏆 545. / 51 Läs mer »

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.
Källa: CNBC - 🏆 12. / 72 Läs mer »