Palo Alto Networks (PANW) Tops Q4 EPS by 9c, Q1 Guidance Beats

Palo Alto Networks (NYSE: PANW) reported Q4 EPS of $1.48, $0.09 better than the analyst estimate of $1.39. Revenue for the quarter came in at $950.4 million versus the consensus estimate of $923.51 million.

GUIDANCE:

Palo Alto Networks sees Q1 2021 EPS of $1.32-$1.35, versus the consensus of $1.18. Palo Alto Networks sees Q1 2021 revenue of $915-925 million, versus the consensus of $901 million.

• Total billings in the range of $1.03 billion to $1.05 billion, representing year-over-year growth of between 15% and 17%.
• Total revenue in the range of $915 million to $925 million, representing year-over-year growth of between 19% and 20%.
• Diluted non-GAAP net income per share in the range of $1.32 to $1.35, using 99.0 million to 101.0 million shares.

For earnings history and earnings-related data on Palo Alto Networks (PANW) click here.

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