Cybersecurity firm Palo Alto Networks (PANW) crushed Wall Street’s fiscal Q1 predictions late Monday, posting record sales and earnings that more than doubled vs. the year-earlier quarter. Its fiscal Q2 EPS and revenue also edged expectations, but shares were down a fraction after hours, after the earnings release. The growing company’s EPS and revenue growth decelerated, however. That broke a streak of four straight quarters of accelerating
A bid by some big mining companies to spread the risk of low commodity prices by expanding and diversifying in recent years has turned into a costly failure. Over the past 12 months, major mine owners including Arizona-based Freeport-McMoRan (FCX) and India-based Vedanta Resources have written down asset values by a combined $42.2 billion, 46% more than in the previous period, Bloomberg data show. The adjustments reflect an
Let’s take a look at five stocks on IBD’s Stocks on the Move screen, which are seeing some big-volume action: Chipotle Mexican Grill (CMG), Dycom Industries (DY), Fitbit (FIT), Pfizer (PFE) and Allergan (AGN). Chipotle is rebounding today from a loss of more than 12% on Friday. The fast-casual Mexican chain has been suffering from an E. coli outbreak that’s been linked to six states. But some analysts say the damage could be limited. Telecom