Wells Fargo Trims Valuation Range on Palo Alto Networks (PANW) Following Q1 Results, Outlook

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Palo Alto Networks Reports Fiscal First Quarter 2017 Financial Results

November 21, 2016 4:03 PM EST

SANTA CLARA, Calif., Nov. 21, 2016 /PRNewswire/ -- Palo Alto Networks® (NYSE: PANW), the next-generation security company, today announced financial results for its fiscal first quarter 2017 ended October 31, 2016.

Total revenue for the fiscal first quarter 2017 grew 34 percent year over year to $398.1 million, compared with total revenue of $297.2 million for the fiscal first quarter 2016. GAAP net loss for the fiscal first quarter 2017 was $61.8 million, or $0.69 per diluted share, compared with GAAP net loss of $39.9 million, or $0.47 per diluted share, for the fiscal... More