Wall Street analysts are riding high after Palo Alto Networks' earnings beat. The cybersecurity firm defied expectations with a quarterly earnings beat , assuaging concerns over the company's decision to release results after the closing bell on a Friday. Shares traded more than 15% higher on Monday as Wall Street digested the report. Several analysts also lauded the results.
mountain Palo Alto Networks added more than 15% on Monday. "We maintain a Buy rating on the stock as we believe Palo Alto's combination of organic development and M & A allows it to drive durability of growth in an industry known for its rapid product cycles, and that its cross-sell strategy will drive superior unit economics over the long run," Borges said.
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:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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.
Source: MarketWatch - 🏆 3. / 97 Read more »
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.
Source: MarketWatch - 🏆 3. / 97 Read more »
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.
Source: MarketWatch - 🏆 3. / 97 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 »
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 »