Reported 1 day ago
Palo Alto Networks (PANW) exceeded profit and revenue expectations in its first fiscal quarter, reporting $2.14 billion, which surpassed estimates of $2.12 billion. Despite this strong performance, shares fell following the release. Analyst Matt Hedberg from RBC Capital Markets highlighted that the company's results were solid, emphasizing its favorable position in an increasingly AI-driven landscape. He noted that much of the stock's future movement will depend on insights from the earnings call.
Source: YAHOO