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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Palo Alto Networks Inc | NASDAQ:PANW | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.80 | 0.61% | 297.47 | 297.12 | 297.47 | 300.9659 | 297.00 | 298.47 | 2,139,053 | 00:59:59 |
From Nov 2023 to May 2024
By Paul Ziobro
Palo Alto Networks raised its full-year outlook for adjusted per share earnings and lowered guidance for total billings after posting fiscal first-quarter results ahead of Wall Street expectations.
The Santa Clara, Calif.-based cybersecurity company said it expects adjusted per share earnings between $5.40 and $5.53 this year, compared to a prior range of $5.27 to $5.40.
It still expects total revenue between $8.15 billion and $8.2 billion.
The company lowered its guidance for total billings to between $10.7 billion and $10.8 billion, compared to a prior range between $10.9 billion and $11 billion.
For its current second quarter, Palo Alto Networks expects adjusted per-share earnings between $1.29 and $1.31 on revenue between $1.96 billion and $1.99 billion. Analysts recently polled by FactSet expected adjusted earnings of $1.25 a share on revenue of $1.97 billion.
Write to Paul Ziobro at paul.ziobro@wsj.com
(END) Dow Jones Newswires
November 15, 2023 16:52 ET (21:52 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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