Palo Alto Networks (PANW) Surpasses Q2 Earnings and Revenue Estimates

28
Comment
Favorite

Palo Alto Networks (PANW) Surpasses Q2 Earnings and Revenue Estimates

Zacks2023-02-22

Palo Alto Networks (PANW) came out with quarterly earnings of $1.05 per share, beating the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $0.58 per share a year ago. These ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

No comments yet

抱歉，当前请求异常(-1)

7x24

All

16:52
Several US Farmers and Nonprofits Sue Trump Administration for Withholding Grant Funds From Inflation Reduction Act - Court Filing
16:50
Rubis SCA - Outlook 2025: Group Ebitda Between €710M to €760M
16:50
Rubis SCA - Reiterates Photosol 2027 Ambitions
16:50
Rubis SCA - FY Net Income Group Share of €342M
16:49
Stef Sa - Outlook 2025: Says Is Confidence in Its Resilience

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2313594063?lang=en_US&edition=full_marsco","thumbnail":"","is_english":true,"pubTime":"2023-02-22 09:43","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2313594063","market":"us","top_or_hot":-1,"title":"Palo Alto Networks (PANW) Surpasses Q2 Earnings and Revenue Estimates","media":"Zacks","content":"<div>\n<p>Palo Alto Networks (PANW) came out with quarterly earnings of $1.05 per share, beating the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $0.58 per share a year ago. These ...</p>\n\n<a href=\"https://finance.yahoo.com/news/palo-alto-networks-panw-surpasses-223510134.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance_sg","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palo Alto Networks (PANW) Surpasses Q2 Earnings and Revenue Estimates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalo Alto Networks (PANW) Surpasses Q2 Earnings and Revenue Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-22 09:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/palo-alto-networks-panw-surpasses-223510134.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Palo Alto Networks (PANW) came out with quarterly earnings of $1.05 per share, beating the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $0.58 per share a year ago. These ...</p>\n\n<a href=\"https://finance.yahoo.com/news/palo-alto-networks-panw-surpasses-223510134.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PANW","symbol_name":"Palo Alto Networks","start_time":0,"source_url":"https://finance.yahoo.com/news/palo-alto-networks-panw-surpasses-223510134.html","article_id":"2313594063","we_media_id":null,"thumbnails":[],"rights":{"source":"yahoofinance_sg","url":"https://finance.yahoo.com/news/palo-alto-networks-panw-surpasses-223510134.html","rn_cache_url":null,"customStyle":"","selectors":"article, body","filters":"","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2313594063","pubTimestamp":1677030183,"columns":[],"sourceInfo":{"source_id":"yahoofinance_sg","name":"Yahoo Finance"},"weMediaInfo":null,"summary":"Palo Alto Networks (PANW) came out with quarterly earnings of $1.05 per share, beating the Zacks Con","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"PANW":"Palo Alto Networks"},"translate_title":"帕洛阿尔托网络（PANW）超过第二季度收益和收入预期","themeId":"768868217a8a42b8834d60b34fc824ad","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PANW":1},"content_text":"Palo Alto Networks (PANW) came out with quarterly earnings of $1.05 per share, beating the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $0.58 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 34.62%. A quarter ago, it was expected that this security software maker would post earnings of $0.68 per share when it actually produced earnings of $0.83, delivering a surprise of 22.06%.Over the last four quarters, the company has surpassed consensus EPS estimates four times.Palo Alto, which belongs to the Zacks Security industry, posted revenues of $1.66 billion for the quarter ended January 2023, surpassing the Zacks Consensus Estimate by 0.43%. This compares to year-ago revenues of $1.32 billion. The company has topped consensus revenue estimates four times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Palo Alto shares have added about 21.3% since the beginning of the year versus the S&P 500's gain of 6.2%.What's Next for Palo Alto?While Palo Alto has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this earnings release, the estimate revisions trend for Palo Alto: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.79 on $1.74 billion in revenues for the coming quarter and $3.42 on $6.89 billion in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Security is currently in the top 43% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.TaskUs (TASK), another stock in the broader Zacks Computer and Technology sector, has yet to report results for the quarter ended December 2022. The results are expected to be released on February 27.This provider of outsourced digital services is expected to post quarterly earnings of $0.33 per share in its upcoming report, which represents a year-over-year change of -2.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.TaskUs' revenues are expected to be $231.71 million, up 2.2% from the year-ago quarter.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":28,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}