Palo Alto's quarterly billings forecast fails to impress investors, shares fall
CNBC - 2024-05-20T20:25:03.000Z

Palo Alto Networks forecast fourth-quarter billings above Wall Street estimates on Monday, a sign that clients are turning to the cybersecurity firm for its integrated software security tools.

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Palo Alto Networks falls on disappointing billings guidance
Palo Alto Networks (PANW) reported fiscal third quarter results that topped Wall Street estimates but a disappointing billings forecast. For Q3, the cybersecurity company reported adjusted earnings per share of $1.32 compared to an estimated $1.26. Revenue of $2.0 billion was slightly better than the expectations of $1.97 billion. For the full year, Palo Alto Networks sees billings of $10.13 billion to $10.18 billion, a narrower range than the previously forecasted $10.10 billion to $10.20...
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- 2024-05-20T20:23:00.000Z
Palo Alto Networks Tumbles After Sales Forecast Disappoints
(Bloomberg) -- Palo Alto Networks Inc. slid in late trading after giving a downbeat sales forecast for the current period, renewing concerns about a slowdown in cybersecurity services. Most Read from BloombergIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteSpeedier Wall Street Trades Are Putting Global Finance On EdgeHims Debuts $199 Weight-Loss Shots at 85% Discount to WegovyJamie Dimon Says Succession at JPMorgan Is ‘Well on the Way’One of the Last Big Bears on Wall Street Turns...
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- 2024-05-20T20:52:00.000Z
Failed flavored tobacco ban was the year’s most lobbied bill in Maine
The bill from Sen. Jill Duson, D-Portland, would have taken effect in 2025 and initially cost about $10 million in lost state revenue.
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- 2024-05-22T05:00:00.000Z

In related news

Palo Alto Networks falls on disappointing billings guidance

Palo Alto Networks Tumbles After Sales Forecast Disappoints

Failed flavored tobacco ban was the year’s most lobbied bill in Maine