Palo Alto Networks shares fell 10% despite beating ******* ysts' revenue and earnings estimates for Q4.
Investors were disappointed by the company's conservative fiscal 2027 outlook, despite strong cybersecurity demand.
The stock remains up 75% year-to-date, even after Wednesday's decline.
Palo Alto Networks shares are tumbling Wednesday even though the cybersecurity software maker's fiscal fourth-quarter results beat ******* ysts' estimates.
Palo Alto Networks (PANW) stock was down 10% in recent trading to $325 as investors may have been looking for more from the company's latest earnings report. After last night's closing bell, Palo Alto Networks reported Q4 revenue of $3.41 billion and adjusted earnings of $1.02 per share, each narrowly topping the Visible Alpha consensus of $3.35 billion and $0.98 per share.
#earnings
Investors were disappointed by the company's conservative fiscal 2027 outlook, despite strong cybersecurity demand.
The stock remains up 75% year-to-date, even after Wednesday's decline.
Palo Alto Networks shares are tumbling Wednesday even though the cybersecurity software maker's fiscal fourth-quarter results beat ******* ysts' estimates.
Palo Alto Networks (PANW) stock was down 10% in recent trading to $325 as investors may have been looking for more from the company's latest earnings report. After last night's closing bell, Palo Alto Networks reported Q4 revenue of $3.41 billion and adjusted earnings of $1.02 per share, each narrowly topping the Visible Alpha consensus of $3.35 billion and $0.98 per share.
#earnings
16 days ago
