Palo Alto Networks (PANW) Tops Q4 EPS by 11c; Issues Solid Guidance

Palo Alto Networks (NASDAQ: PANW) reported Q4 EPS of $2.39, $0.11 better than the analyst estimate of $2.28. Revenue for the quarter came in at $1.6 billion versus the consensus estimate of $1.54 billion.

Palo Alto Networks announced that the board of directors has approved and declared a three-for-one split of Palo Alto Networks' common stock in the form of a stock dividend. Each stockholder of record at the close of business on September 6, 2022 (the "record date"), will receive, after the close of business on September 13, 2022, two additional shares for every share held on the record date, and trading will begin on a split-adjusted basis on September 14, 2022.

GUIDANCE:

Palo Alto Networks sees Q1 2023 EPS of $2.03-$2.06. Palo Alto Networks sees Q1 2023 revenue of $1.535-1.555 billion, versus the consensus of $1.54 billion.

Palo Alto Networks sees FY2023 EPS of $9.40-$9.50. Palo Alto Networks sees FY2023 revenue of $6.85-6.9 billion, versus the consensus of $6.74 billion.

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

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