Shares of Palo Alto Networks Inc PANW were climbing in early trading on Tuesday.The company reported its results amid an exciting earnings season. Here are some key analyst takeaways. Check out other analyst stock ratings.KeyBanc: Palo Alto Networks reported its fiscal fourth-quarter billings at $3,502 million. This represents 11% year-on-year growth, beating consensus of $3.45 billion, Heath said in a note. Revenues came in at $2.19 billion, topping expectations of $2,161 million, he added.Management's RPO ...

Key TakeawaysPalo Alto Network shares surged on Tuesday after the company reported better-than-expected quarterly results.Analysts who raised their price targets for the stock said the cybersecurity company's results showed that its platform consolidation efforts were paying off.They also noted that Palo Alto Networks' artificial intelligence (AI) integration initiatives showed early promise. Palo Alto Networks (PANW) shares jumped during intraday trading Tuesday after the cybersecurity company reported str ...

Palo Alto Networks Inc (NASDAQ:PANW) stock is surging today, up 7.5% at $368.95 at last glance, after the cybersecurity name's fiscal fourth-quarter results beat estimates. The company also announced upbeat quarterly and full-year guidance, leading a flood of analysts to lift their price targets on the stock. Today's pop has PANW finally fully recovered from its massive February post-earnings bear gap that saw the stock drop 28.4% in a single session. Year to date, the equity is up 24.4%. Options traders ar ...

Most of the stock market had thought of the technology sector as a place to be in the past, and that is just not the case today, as names like Palo Alto Networks Inc. NASDAQ: PANW show strengthening financial and price momentum as the company’s latest quarterly earnings results are released to the public. While it may not be as attractive a name as some of the previous darlings in the semiconductor industry, this stock is still worth taking a look at.Palo Alto Networks TodayPANWPalo Alto Networks$365.70 +22 ...

Palo Alto Networks, Inc. (PANW) reported better-than-expected results for the fourth quarter of fiscal 2024. The company reported non-GAAP earnings of $1.51 per share for the fiscal fourth quarter, which beat the Zacks Consensus Estimate of $1.41. The bottom line improved 4.9% from the year-ago quarter’s non-GAAP earnings of $1.44 per share and came above the company’s earlier guidance of $1.40-$1.42.Palo Alto’s fiscal fourth-quarter revenues of $2.19 billion beat the Zacks Consensus Estimate of $2.16 billi ...

Sundry Photography Palo Alto Networks: Solid Earnings Performance And Outlook Palo Alto Networks (NASDAQ:PANW) investors cheered its solid earnings release and outlook as PANW announced its FQ4 earnings. The company demonstrated that fears about an elongated sales cycle driven by its platformization drive have been overstated. I indicated in my previous PANW article in May 2024 that these fears were misunderstood. As a result, I'm confident that Palo Alto Networks has corroborated my conviction with its sol ...

Key TakeawaysPalo Alto Networks shares gained ground in premarket trading Tuesday after the cybersecurity provider released earnings that surpassed expectations and issued an outlook at the high end of Wall Street forecasts.Buyers snapped up a temporary dip below a multi-month trendline and the 200-day moving average earlier this month, with the price continuing to show upward momentum leading into the company’s quarterly results.Investors should watch key overhead chart levels in Palo Alto shares at $345, ...

One of Nancy Pelosi’s favorite holdings, Palo Alto Network (NASDAQ: PANW), recently unveiled its Q4 earnings report on August 20, posting beat on expectations.Namely, PANW reported earnings per share (EPS) of $1.51, compared with an estimated $1.41, and revenue of  $2.19 billion, above the expected $2.16 billion. This represents a 12% increase in revenue from the same period in the previous year.Furthermore, Palo Alto Networks raised its EPS guidance to $6.18 to $6.31, compared to an estimated  $6.22 for th ...

Robert Way Investment Thesis Palo Alto Networks (NASDAQ:PANW) fiscal Q4 earnings results delivered top and bottom beats, with better-than-expected guidance. However, I'm not convinced of its prospects. Even though there is enough here for me to upgrade my sell rating to a hold rating, I argue that paying 29x forward free cash flow for a business that is delivering mid-teen growth rates is too high a premium, even for a hot area of the market as cybersecurity. Succinctly put, I believe there are better oppor ...

Financial Data and Key Metrics Changes - Total revenue for Q4 was $2.19 billion, growing 12%, exceeding guidance [41] - Product revenue declined 5%, while total services revenue grew 18% [41] - Subscription revenue grew 23%, and support revenue grew 10% [41] - Remaining Performance Obligation (RPO) grew 20% to $12.7 billion [42] - Next Generation Security (NGS) Annual Recurring Revenue (ARR) grew 43% to $4.22 billion [42] - Operating margins expanded by 320 basis points, achieving nearly 39% free cash flow margin [12] Business Line Data and Key Metrics Changes - Next Generation Security offerings saw strong growth, surpassing the $4 billion milestone in Q4 [12] - Firewall platform billings grew 17% in fiscal year 2024, with software firewall business showing strong results [19] - The SASE business grew 40%, with over 20% growth in new customers [21] - Cortex XSIAM achieved approximately $500 million in bookings in FY '24, up more than 2x from FY '23 [31] Market Data and Key Metrics Changes - Revenue growth across all regions: Americas grew 11%, EMEA up 14%, and JAPAC growing 15% [42] - The average duration of new contracts remained approximately three years [42] Company Strategy and Development Direction - The company is focused on platformization as a key driver towards achieving $15 billion in NGS ARR by fiscal year 2030 [15] - Emphasis on integrating AI into security solutions, with over $200 million in AI ARR [37] - The strategy includes enhancing customer engagement and transitioning customers from legacy solutions to comprehensive platforms [56] Management's Comments on Operating Environment and Future Outlook - Management noted the increasing complexity of customer environments due to trends like remote work and AI adoption [9] - The cybersecurity landscape is becoming more challenging, with rising cyber incidents and geopolitical tensions [8] - Management expressed confidence in the ability to drive growth and profitability in fiscal year 2025 and beyond [40] Other Important Information - The company plans to focus on NGS ARR as a key top-line guidance metric moving forward [48] - The pending acquisition of IBM's SaaS assets is expected to close by the end of September [51] Q&A Session Summary Question: How much of the platformization strategy is white space versus competitive takeout? - Management highlighted that a third of new SASE customers are net new to the company, indicating significant white space opportunities [56] Question: What is the expected product cycle for AI security offerings? - Management noted that the XSIAM product has shown strong initial results, with significant interest in AI Access from over 1,000 customers [60][62] Question: How did the recent outage impact demand and customer evaluations? - Management indicated that the outage led customers to reevaluate their options, creating opportunities for the company in the XDR space [66] Question: Will SIEM conversion drive platformization deals post-IBM acquisition? - Management expressed optimism that the integration of XSIAM will enhance the ability to drive platformization across other security platforms [70]