SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Palo Alto Networks, Inc.
PANW 238.08+0.9%11:51 AM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Marty1234511/23/2015 4:43:03 PM
   of 19
 
Palo Alto Networks Beats Wall Street, But Decelerates

Read More At Investor's Business Daily: news.investors.com
Follow us: @IBDinvestors on Twitter | InvestorsBusinessDaily on Facebook

ybersecurity firm Palo Alto Networks (NYSE: PANW) crushed Wall Street's fiscal Q1 predictions late Monday, posting record sales and earnings that more than doubled vs. the year-earlier quarter.

Its fiscal Q2 EPS and revenue also edged expectations, but shares were down a fraction after hours, after the earnings release.

The growing company's EPS and revenue growth decelerated, however. That broke a streak of four straight quarters of accelerating year-over-year growth in EPS minus items, and three straight quarters of accelerating sales growth.

For its fiscal Q1 ended Oct. 31, Palo Alto Networks reported 35 cents earnings per share ex items on $297.2 million in sales, up 55% and 133%, respectively, vs. the year-earlier period.

The consensus of 37 analysts polled by Thomson Reuters called for $284.4 million in sales and 32 cents EPS ex items. Three months ago, Palo Alto Networks guided to $280 million to $284 million and 31-32 cents.

For the current quarter, Palo Alto Networks sees $314 million to $318 million in sales and 38-39 cents EPS minus items. Wall Street had forecast $310.6 million and 38 cents.

Palo Alto Networks stock rose a fraction in Monday's regular session, to 172.02. Shares hit a record-high just under 200 on July 24.

Palo Alto Networks is in IBD's Computer Software-Security Group and has a Composite Rating of 97 out of a best-possible 99. Other top performers include Qualys (NASDAQ: QLYS) and Zix (NASDAQ: ZIXI) with CRs of 93 and 92, respectively.

Connect with Allison Gatlin on Twitter @IBD_AGatlin and on Facebook.

Read More At Investor's Business Daily: news.investors.com
Follow us: @IBDinvestors on Twitter | InvestorsBusinessDaily on Facebook
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext