After-hours movers: Cisco, Palo Alto Networks sink on weaker guidance

After-Hours Stock Movers:

Cisco Systems (NASDAQ: CSCO) 11% LOWER; fell after issuing lower second quarter and full year guidance. The company sees Q2 2024 EPS of $0.82-$0.84, versus the consensus of $0.99. Cisco Systems sees Q2 2024 revenue of $12.6-12.8 billion, versus the consensus of $14.19 billion.

Palo Alto Networks (NASDAQ: PANW) 7% LOWER; fell after posting solid first quarter results but issuing second quarter and full year billing guidance below estimates. The company sees Q2 billings in the range of $2.335-$2.385 billion, below the consensus of $2.43 billion.

Juniper Networks, Inc. (NASDAQ: JNPR) 3% LOWER; falls on lower guidance from Cisco

Arista Networks, Inc. (NASDAQ: ANET) 2% LOWER; falls on lower guidance from Cisco

Zscaler (NASDAQ: ZS) 2% LOWER; falls on billing guidance miss from Palo Alto Networks

CrowdStrike Holdings, Inc. (NASDAQ: CRWD) 2% LOWER; falls on billing guidance miss from Palo Alto Networks

Fortinet, Inc. (NASDAQ: FTNT) 1% LOWER; falls on billing guidance miss from Palo Alto Networks

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