Reported 2 months ago
Palo Alto Networks (PANW) exceeded Wall Street's expectations for first-quarter revenue and profit due to increased spending on cybersecurity services in response to rising digital threats. Despite a drop of over 5% in shares during extended trading, the company raised its fiscal 2025 revenue outlook and reported a strong quarterly performance with revenue of $2.14 billion and earnings of $1.56 per share. Palo Alto is also encouraging clients to adopt a streamlined security platform approach.
Source: YAHOO