Palo Alto Networks late Tuesday reported accelerating revenue growth in fiscal Q4 and gave bullish sales guidance, as a slew of high-profile network breaches spur demand for its firewalls and other computer security products. Palo Alto Networks (PANW) stock rose 4% in late trading to 92.77, which would be a new high. “Enterprises around the world are recognizing their security is lacking,” CEO Mark McLaughlin said in a
Palo Alto Networks late Tuesday could post fiscal Q4 earnings that beat Wall Street views, as the computer security firm is seen adding market share and customers amid increasing cyberattacks. Palo Alto Networks (PANW) forecast fiscal Q4 earnings for the period ending July 31 of 10 or 11 cents per share minus items on $158 million to $162 million in revenue. Analysts polled by Thomson Reuters expect the company to report earnings per share minus
Look for Palo Alto Networks (PANW) to make gains in the enterprise market with a next-generation security firewall optimized for corporate data centers, says Pacific Crest Securities in a research report. Analyst Rob Owens says Palo Alto’s new PA-7050 security appliance, which costs up to $300,000, will help the company make inroads in the enterprise market, which includes large companies, government agencies and educational institutions. “Palo