Palo Alto Networks (PANW) Tops Q4 EPS by 16c; Guides FY22 Above Street
Palo Alto Networks (NYSE: PANW) reported Q4 EPS of $1.60, $0.16 better than the analyst estimate of $1.44. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.17 billion.
"Our strong Q4 performance was the culmination of executing on our strategy throughout the year, including product innovation, platform integration, business model transformation and investments in our go-to-market organization," said Nikesh Arora, chairman and CEO of Palo Alto Networks. "In particular, we saw notable strength in large customer transactions with strategic commitments across our Strata, Prisma and Cortex platforms."
"We are pleased to deliver strength across all the key total shareholder return drivers — top line, operating margin and free cash flow conversion," said Dipak Golechha, chief financial officer of Palo Alto Networks. "We look forward to updating investors on our long-term goals at our upcoming analyst day on September 13th"
GUIDANCE:
Palo Alto Networks sees Q1 2022 EPS of $1.55-$1.58, versus the consensus of $1.60. Palo Alto Networks sees Q1 2022 revenue of $1.19-1.21 billion, versus the consensus of $1.15 billion.
Palo Alto Networks sees FY2022 EPS of $7.15-$7.25, versus the consensus of $7.09. Palo Alto Networks sees FY2022 revenue of $5.275-5.325 billion, versus the consensus of $4.98 billion.
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