Wall Street Is Gushing Over Palo Alto Stock After Earnings Crushed Estimates

Most Wall Street analysts were optimistic about Palo Alto Networks stock going into its second-quarter-earnings report Tuesday. The cybersecurity company delivered. Palo Alto stock is soaring after it beat the Street’s expectations and raised guidance. The back story: Last month, Wedbush Securities analyst Daniel Ivesraised his rating for Palo Alto to Outperform from Neutral, citing positive feedback from his checks with technology buyers.

standalone, userAgent=window.navigator.userAgent.toLowerCase, safari=/safari/.test, ios=/iphone|ipod|ipad/.test; var context=""; if { if { context='browser'; } else if { context='standalone'; } else if { context='uiwebview'; }; } else { context='not_iOS'; }; return context; } What’s new: On Tuesday, Palo Alto crushed Wall Street profit expectations and reported fiscal second-quarter adjusted earnings per share of $1.51 versus the $1.22 consensus.

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.

'Stocks look like dead money': Here's why any US-China trade deal might disappoint Wall StreetInvestors want so much from a US-China trade deal that any agreement will disappoint them, says FTSE Russell's director of global markets research.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Markets Right Now: Stocks are opening higher on Wall StreetPeople moving towards our safer stocks I see Billionaires exchange wealth in the casino named Wall Street. The word from Brexit will show the true meaning of negotiations between china & USA
Source: ABC - 🏆 471. / 51 Read more »