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%

United States News News

United States United States Latest News,United States United States Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: CNBC - 🏆 12. / 72 Read more »

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.
Source: nbcchicago - 🏆 545. / 51 Read more »

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.
Source: CNBC - 🏆 12. / 72 Read more »

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.
Source: CNBC - 🏆 12. / 72 Read more »

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.
Source: CNBC - 🏆 12. / 72 Read more »