Palo Alto Networks Tumbles After Sales Forecast Disappoints
Yahoo Finance - 2024-05-20T20:52:00.000Z

(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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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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Palo Alto Networks falls on disappointing billings guidance

Palo Alto Networks tumbles on earnings once again. It's another chance to buy the cyber stock

5 Reasons to Buy Palo Alto Networks Stock Like There's No Tomorrow