Palo Alto Networks (PANW) Tops Q1 EPS by 8c, Offers Guidance, Plans Stock Split
Palo Alto Networks (NASDAQ: PANW) reported Q1 EPS of $1.56, $0.08 better than the analyst estimate of $1.48. Revenue for the quarter came in at $2.1 billion versus the consensus estimate of $2.12 billion.
GUIDANCE:
Palo Alto Networks sees Q2 2025 EPS of $1.54-$1.56, versus the consensus of $1.55. Palo Alto Networks sees Q2 2025 revenue of $2.22-2.25 billion, versus the consensus of $2.23 billion.
Palo Alto Networks sees FY2025 EPS of $6.26-$6.39, versus the consensus of $6.28. Total revenue in the range of $9.12 billion to $9.17 billion.
Stock Split
Palo Alto Networks announced that its board of directors has approved a two-for-one forward stock split of the company's outstanding shares of common stock. The stock split is to be effected through an amendment to the company's restated certificate of incorporation, which will also effect a proportionate increase in the number of authorized shares of common stock from 1.0 billion to 2.0 billion. Each stockholder of record as of the close of trading on December 12, 2024 (the "record date"), will receive, after the close of trading on December 13, 2024, one additional share for every share held on the record date. Trading is expected to begin on a split-adjusted basis on December 16, 2024.
For earnings history and earnings-related data on Palo Alto Networks (PANW) click here.