Palo Alto Networks handily beat analysts’ fiscal first-quarter expectations late Monday, but its costs grew faster than its revenues, and its Q2 earnings guidance appeared cautious. The network security firm’s Q1 earnings per share leapt 87.5% to 15 cents, beating by 3 cents, as more enterprises shored up their defenses against cyberthreats. Revenue increased 50% to $192.3 million, above views for $181.73 million. But the cost
Auto technology company Mobileye on Thursday drove home a Q3 earnings report that beat revenue forecasts, announced new customers and raised guidance, but its shares went in reverse. Analysts struggled to explain the stock drop and praised the report. Mobileye (MBLY) rose 6% at the open Thursday, after the report, but quickly reversed and ended the day down 5.7%, at 44.09. “There was nothing negative in the earnings report,”
Big Data is proving to be just the right size for Splunk. The enterprise software company reported third-quarter earnings late Thursday that soundly beat analyst estimates as it capitalizes on a growing market for helping companies find better ways to manage increasing amounts of data coming in from mobile phones, PCs, global positioning systems and other electronic devices. The revenue forecast for the current quarter also beat