Tag Archives: panw

Palo Alto Networks Earnings Seen Rising, Security Hot

Network security provider Palo Alto Networks (PANW) is slated to report quarterly earnings before the open Monday, with expectations for double-digit growth in revenue and earnings. Palo Alto Networks is among the new era of network security firms, along with the likes of FireEye (FEYE) and Imperva (IMPV), that are tackling the most advanced forms of threats. The consensus estimate among analysts is for Palo Alto Networks to report revenue of

Tech spending survey positive for Adobe, Oracle, Salesforce.com

A survey of chief information officers on their 2014 spending priorities bodes well for cloud computing, networking, security and apps. Pacific Crest Securities on Wednesday released the results of its annual CIO survey, which assesses information technology spending trends and implications across enterprise IT. The survey of 63 corporate chief information officers in November indicated that cloud, security and mobile technologies would continue to take a greater percentage of IT budgets next year. Surprisingly, the data also show that on-premise software could rebound in 2014. Pacific Crest analysts see Adobe Systems (ADBE) and Salesforce.com (CRM) as large-cap companies gaining spending share through secular trends next year. They see Infoblox (BLOX), Equinix (EQIX), Palo Alto Networks (PANW) and Qlik Technologies (QLIK) as mid-cap gainers and Gigamon (GIMO), Bazaarvoice (BV) and Brightcove (BCOV) as small-cap gainers. They predict that Oracle (ORCL) and Aruba Networks (ARUN) will benefit from cyclical growth trends. Overall…

Palo Alto Networks Earnings, Guidance Reassure Street

Palo Alto Networks (PANW) stock gapped up 6% on the stock market today, a day after the computer security firm’s quarterly results and guidance beat Wall Street’s estimates. Late Monday, Palo Alto said its earnings per share for its fiscal Q1 ended Oct. 31 jumped 60% from the year-earlier quarter to 8 cents a share, beating analysts’ consensus by 7 cents. Sales climbed 49% to $128.2 million, topping the Street by about $7 million. The company