Palo Alto Networks stock declines on outlook while quarterly results beat Street



  • Source: MarketWatch - - Read: 0

    Summary:

     

    Palo Alto Networks Inc. shares dropped in the extended session Monday after the cybersecurity company’s quarterly earnings-outlook range fell short of the Wall Street consensus, while beating estimates for the previous quarter.

    Shares of Palo Alto Networks PANW, -3.16% fell 3.3% after hours, following a 3.2% decline in the regular session to close at $384.45.

    Palo Alto Networks forecast adjusted earnings of $1.27 to $1.29 a share on revenue of $1.05 billion to $1.06 billion for the fiscal third quarter, and $5.80 to $5.90 a share on revenue of $4.15 billion to $4.2 billion for the year. Analysts surveyed by FactSet had estimated $1.29 a share on revenue of $1.05 billion for the third quarter, and $5.79 a share on revenue of $4.12 billion for the year.

    Meanwhile, the company reported ...

     

     

    Read Full News: https://www.marketwatch.com/story/palo-alto-networks-stock-declines-on-outlook-while-quarterly-results-beat-street-11614029334


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