Palo Alto Networks (PANW) Surges on Strong Guidance, Accelerating Growth Prompts Analysts to Raise PTs Including a New Street-High from Morgan Stanley

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Go back to Palo Alto Networks (PANW) Surges on Strong Guidance, Accelerating Growth Prompts Analysts to Raise PTs Including a New Street-High from Morgan Stanley

Palo Alto Networks Reports Fiscal Fourth Quarter 2021 Financial Results

August 23, 2021 4:05 PM EDT

SANTA CLARA, Calif., Aug. 23, 2021 /PRNewswire/ -- Palo Alto Networks (NYSE: PANW), the global cybersecurity leader, announced today financial results for its fiscal fourth quarter 2021, ended July 31, 2021.

Total revenue for the fiscal fourth quarter 2021 grew 28% year over year to $1.2 billion, compared with total revenue of $950.4 million for the fiscal fourth quarter 2020. GAAP net loss for the fiscal fourth quarter 2021 was $119.3 million, or $1.23 loss per diluted share, compared with GAAP net loss of $58.9 million, or $0.61 per diluted share, for the fiscal fourth quarter 2020.

Non-GAAP net income for the fiscal fourth quarter 2021 was... More