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Technology | Networking & Communication Devices | USA
Palo Alto Networks Jumps Following Earnings Beat
Cybersecurity company easily beat second-quarter top- and bottom-line expectations after the closing bell Tuesday.
Shares of cybersecurity firm Palo Alto Networks (PANW - Get Report) jumped more than 4% in after-hours trading Tuesday after the company beat analysts' top- and bottom-line second-quarter expectations and announced a $1 billion share buyback plan.
The Santa Clara, CA-based company reported a 30% increase in revenue year over year to $711.2 million, and adjusted earnings of $1.51 per share. Analysts polled by FactSet were expecting the company to report revenue of $682 million and earnings of $1.22 per share.
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https://www.thestreet.com/investing/earn...t-14879066
![[Bild: PANWc0dl1751.png]](https://finviz.com/publish/022619/PANWc0dl1751.png)
Palo Alto Networks Jumps Following Earnings Beat
Cybersecurity company easily beat second-quarter top- and bottom-line expectations after the closing bell Tuesday.
Shares of cybersecurity firm Palo Alto Networks (PANW - Get Report) jumped more than 4% in after-hours trading Tuesday after the company beat analysts' top- and bottom-line second-quarter expectations and announced a $1 billion share buyback plan.
The Santa Clara, CA-based company reported a 30% increase in revenue year over year to $711.2 million, and adjusted earnings of $1.51 per share. Analysts polled by FactSet were expecting the company to report revenue of $682 million and earnings of $1.22 per share.
...
https://www.thestreet.com/investing/earn...t-14879066
