Palo Alto Networks guidance falls short of estimates; shares slump By

-- Palo Alto Networks reported Tuesday guidance for the current quarter that missed Wall Street estimates offsetting better-than-expected fiscal second-quarter results. 

Palo Alto Networks Inc (NASDAQ:) fell up more than 18% in afterhours trading following the report.

The ghc escape latest newscompany said it expected fiscal third-quarter adjusted EPS of between $1.24 to $1.26 on revenue of $1.95B to $1.98B. That was below guidance for EPS of $1.29 on revenue of $2.04B. Total billings was guided in the range of $2.30B to $2.35B.

The guidance offset second-quarter results that beat on both the top and bottom lines.

Looking further ahead to 2024, the company guided adjusted EPS in a range of $5.45 to $5.55 per share on revenue of between $7.95B to $8.00B. That compared with a prior estimate for adjusted EPS in the range of $5.40 to $5.53 on revenue of between $8.15B to $8.20B.

Palo Alto Networks said it now sees billings for fiscal 2025 between $10.1B and $10.2B, down from a previous range of $10.7B to $10.8B. It also lowered its sales forecast for the year, as it now expects revenue to be between $7.95B and $8B, down from a prior view of $8.15B to $8.2B.

 

Statement: The content of this article does not represent the views of FTI website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!