Make earnings with no risk
Automated AI-driven system makes the trades, you earn the money
Join now

Palo Alto Networks Raises Full-Year Outlook


Palo Alto Networks, the cybersecurity company based in Santa Clara, California, has announced better-than-expected results for its fiscal first quarter. As a result, the company has raised its full-year outlook for adjusted per share earnings while adjusting its guidance for total billings.

Adjusted Earnings

Palo Alto Networks now predicts adjusted per share earnings for the year to be in the range of $5.40 to $5.53. This is an increase from the previous range of $5.27 to $5.40.

Revenue Expectations

Despite the adjusted earnings boost, the company’s expectations for total revenue remain unchanged. It still anticipates revenue to be between $8.15 billion and $8.2 billion.

Billings Guidance

However, Palo Alto Networks has revised its guidance for total billings. The new range is now between $10.7 billion and $10.8 billion, compared to the previous range of $10.9 billion and $11 billion.

Second Quarter Projections

Looking ahead to the second quarter, Palo Alto Networks expects adjusted per-share earnings to be between $1.29 and $1.31. Revenue for the same period is projected to be between $1.96 billion and $1.99 billion.

These projections exceed analysts’ expectations who, based on recent polling by FactSet, projected adjusted earnings of $1.25 a share on revenue of $1.97 billion.

Aaron Klein Steps Down as CEO of Nitrogen

Previous article

Hotel Chocolat Group Shares Soar as Mars Inc. Offers £534 Million Takeover

Next article

You may also like


Leave a reply

Your email address will not be published.

More in News