Palo Alto rises after annual forecast raise
BUZZ-Palo Alto rises after annual forecast raise ** Shares of cybersecurity firm Palo Alto Networks PANW.O rise 7.34% to $319.20 aftermarket
** Co raises FY26 adjusted profit forecast per share to $3.77 to $3.79 per share, from its prior view of $3.65 to $3.70
** Analysts, on average, were expecting $3.69 per share, according to LSEG data
** Sees annual total revenue in the range of $11.42 billion to $11.43 billion from $11.28 billion to $11.31 billion expected previously
** Co posts Q3 adjusted profit of 85 cents per share, beating estimates of 80 cents per share
** Posts Q3 revenue of $3 billion, vs estimate of $2.94 billion
** As of last close, PANW up 61.3% YTD
(Reporting by Kunal Das 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