Profile
Sector:
TechnologyIndustry:
Software InfrastructureCountry:
United StatesIPO:
20 July 2012Website:
http://www.paloaltonetworks.comNext earnings report:
20 November 2024Last dividends:
N/ANext dividends:
N/APrice
after hours | 25 min agoDividend
Analysts recommendations
Institutional Ownership
PANW Latest News
Palo Alto Networks, Inc. (NASDAQ:PANW ) Q1 2025 Earnings Call Transcript November 20, 2024 4:30 PM ET Company Participants Walter Pritchard - SVP of IR and Corporate Development Nikesh Arora - Chairman and CEO Dipak Golechha - CFO Lee Klarich - CPO Conference Call Participants Saket Kalia - Barclays Brad Zelnick - Deutsche Bank Hamza Fodderwala - Morgan Stanley Brian Essex - JPMorgan Joe Gallo - Jefferies Matt Hedberg - RBC Gregg Moskowitz - Mizuho Rob Owens - Piper Sandler Gray Powell - BTIG Andy Nowinski - Wells Fargo Fatima Boolani - Citi Roger Boyd - UBS Walter Pritchard Good day, everyone, and welcome to Palo Alto Networks First Quarter 2025 Earnings Conference Call. I'm Walter Pritchard, Senior Vice President of Investor Relations and Corporate Development.
The main figures for Palo Alto (PANW) provide an overview of the company's performance for the quarter that ended in October 2024. However, it could be useful to compare some of its important metrics with Wall Street predictions and the results from the same period last year.
Palo Alto Networks (PANW) reported quarterly earnings of $1.56 per share, which is higher than the Zacks Consensus Estimate of $1.48 per share. This is an increase compared to earnings of $1.38 per share from the same period last year.
Palo Alto Networks has increased its forecast for the year and reported that its revenue grew in the first quarter of the fiscal year, driven by more subscription sales.
The stock of the cybersecurity company is being negatively affected by just meeting the expected financial results for the year.
Palo Alto Networks Inc (NYSE:PANW, ETR:5AP) announced its first-quarter adjusted earnings on Wednesday, which were higher than analysts had predicted, but its revenue fell just short of expectations, causing its stock to decline in after-hours trading. The cybersecurity firm reported adjusted earnings per share (EPS) of $1.56, surpassing the Wall Street forecast of $1.48.
The growing need for cybersecurity solutions, a wider range of software, and improved cost management are expected to support PANW's results for the first quarter.
To better understand how Palo Alto (PANW) might perform in the quarter ending October 2024, look beyond Wall Street's basic profit and loss predictions. Instead, focus on the estimates for some of its important metrics. This will give you a clearer picture of the company's potential performance.
SANTA CLARA, Calif., Nov. 14, 2024 /PRNewswire/ -- Palo Alto Networks® (NASDAQ: PANW), a leading company in cybersecurity, has shared its views on the main trends in AI and cybersecurity for 2025.
Since Nikesh Arora took over as CEO in 2018, Palo Alto Networks has changed from a hardware firewall company to a complete cybersecurity platform. His strategy combines 30-40 cybersecurity tools, improving security by integrating them more effectively. While this approach may negatively impact short-term results, it has increased the company's potential for long-term revenue growth and profitability, making PANW a good investment.
What type of business is Palo Alto Networks?
Palo Alto Networks, Inc. is an American multinational company that creates cybersecurity systems. The corporation was registered in 2005. The headquarters are located in Santa Clara, California. The company focuses on creating security systems, helping enterprises, service providers, and government organizations securely enable applications and work with data, and prevent targeted cyber attacks. The platform created by Palo Alto Networks provides continuous security in the network, endpoint, and cloud. The Company's products are capable of providing security through user access protection services, network security services in public and private clouds, cloud protection traps, detection and response services, threat analysis services, and some others. These products are offered as software or through a paid subscription.
What sector is Palo Alto Networks in?
Palo Alto Networks is in the Technology sector
What industry is Palo Alto Networks in?
Palo Alto Networks is in the Software Infrastructure industry
What country is Palo Alto Networks from?
Palo Alto Networks is headquartered in United States
When did Palo Alto Networks go public?
Palo Alto Networks initial public offering (IPO) was on 20 July 2012
What is Palo Alto Networks website?
https://www.paloaltonetworks.com
Is Palo Alto Networks in the S&P 500?
Yes, Palo Alto Networks is included in the S&P 500 index
Is Palo Alto Networks in the NASDAQ 100?
Yes, Palo Alto Networks is included in the NASDAQ 100 index
Is Palo Alto Networks in the Dow Jones?
No, Palo Alto Networks is not included in the Dow Jones index
When was Palo Alto Networks the previous earnings report?
No data
When does Palo Alto Networks earnings report?
The next expected earnings date for Palo Alto Networks is 20 November 2024