Palo Alto falls despite Q4 beat
02/09/2026 09:41
BUZZ-Palo Alto falls despite Q4 beat ** Palo Alto Networks PANW.O shares fall 1.6% to $356.21 in pre-market trading after co beat Q4 estimates, provides strong FY27 guidance and announces an acquisition
** Co posts Q4 rev of $3.41 bln and adj EPS of $1.02, both beating analyst estimates per LSEG data; guides FY27 rev and profit above expectations
** PANW acquires AI-native platform Console
** "The company continues to execute well, and its Console acquisition should bolster its AI agent capabilities as enterprises adopt more natural ways of interacting with data," said Jamie Meyers, senior analyst at Laffer Tengler Investments
** Shares have surged ~96.6% YTD, far outpacing the Nasdaq's .IXIC 12.3% rise
(Reporting by Rashika Singh in Bengaluru)
Recent news on Palo Alto Networks
See all newsBrief: Palo Alto Networks In Talks To Pay $500 Million For AI Security Startup Clutch Security - The Information
Brief: Palo Alto Networks Recommends Stockholders Reject Mini-Tender Offer By Tutanota Llc
US STOCKS ON THE MOVE-Wesco, Mobileye, Glaukos
U.S. STOCKS ON THE MOVE-ADT, Equinix, Cognizant
U.S. STOCKS ON THE MOVE-Alphabet, Ford, DoorDash