Palo Alto Networks shares drop as billings guidance falls short; Seen as a 'minor speed bump'
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Go back to Palo Alto Networks shares drop as billings guidance falls short; Seen as a 'minor speed bump'
November 16, 2023 3:14 AM EST
Barclays analyst Saket Kalia lowered the price target on Palo Alto Networks (NASDAQ: PANW) to $273.00 (from $275.00) while maintaining a Overweight rating.... More
November 15, 2023 6:01 PM EST
(Reuters) - Palo Alto Networks on Wednesday forecast second-quarter billings below market expectations and said its billings were "impacted by the cost of money", sending the cybersecurity company's shares down about 6% after the bell.
Clients are cutting back on digital spending as inflation remains stubborn and borrowing costs increase.
Peer Fortinet also projected downbeat quarterly... More
November 15, 2023 4:10 PM EST
Palo Alto Networks (NASDAQ: PANW) sinks 8% following results:
reported Q1 EPS of $1.38, $0.22 better than the analyst estimate of $1.16. Revenue for the quarter came in at $1.9 billion versus the consensus estimate of $1.84 billion.sees Q2 2024 EPS of $1.29-$1.31, versus the consensus of $1.25....
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November 15, 2023 4:07 PM EST
Palo Alto Networks (NASDAQ: PANW) reported Q1 EPS of $1.38, $0.22 better than the analyst estimate of $1.16. Revenue for the quarter came in at $1.9 billion versus the consensus estimate of $1.84 billion.
GUIDANCE:
Palo Alto Networks sees Q2 2024 EPS of $1.29-$1.31, versus the... More
