Palo Alto Networks (PANW) PT Raised to $610 at Citi

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Go back to Palo Alto Networks (PANW) PT Raised to $610 at Citi

They Did It Again: Palo Alto (PANW) Delivers Another Robust Quarter, Analysts Bulled-up

May 20, 2022 5:47 AM EDT

Shares of Palo Alto Networks (NASDAQ: PANW) are up over 11% in premarket trading after the company issued an upbeat FQ4 adjusted EPS guidance.

For the third quarter, PANW reported an adjusted EPS of $1.79, compared to $1.38 in the year-ago period and above the analyst consensus of $1.68. Revenue came in at $1.39 billion, up 29% YoY and topping the estimated $1.36 billion.

Looking ahead to Q4, the company expects adjusted EPS in the range of $2.26 to $2.29, beating the consensus projection of $2.22 per... More