PANW Aug 2024 480.000 call
| Previous Close | 0.9900 |
| Open | 0.3000 |
| Bid | 0.2400 |
| Ask | 0.5200 |
| Strike | 480.00 |
| Expire Date | 2024-08-16 |
| Day's Range | 0.3000 - 0.3000 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 13 |
- Yahoo Finance Video
Palo Alto Networks to become 'supermarket' for security needs
Shares of Palo Alto Networks (PANW) are sinking Tuesday morning after the company issued a downbeat forecast for the current period, renewing concern about a slowdown in the cybersecurity sector. TD Cowen Managing Director and Senior Analyst Shaul Eyal joins Morning Brief to discuss Palo Alto's "platformization" strategy for driving demand growth. Eyal classifies platformization as a "topic de jour," explaining that the strategy involves consolidating many security vendors. Palo Alto is trying to separate itself from the pack by introducing three new platforms, a strategy that is "swinging in full mode ahead," Eyal says. Palo Alto's efforts to consolidate its solutions across product categories may transform it into the "supermarket for all of the corporate security needs." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This article was written by Gabriel Roy.
- Yahoo Finance Video
Palo Alto Networks falls on disappointing billings guidance
Palo Alto Networks (PANW) reported fiscal third quarter results that topped Wall Street estimates but a disappointing billings forecast. For Q3, the cybersecurity company reported adjusted earnings per share of $1.32 compared to an estimated $1.26. Revenue of $2.0 billion was slightly better than the expectations of $1.97 billion. For the full year, Palo Alto Networks sees billings of $10.13 billion to $10.18 billion, a narrower range than the previously forecasted $10.10 billion to $10.20 billion and short of the $10.19 billion estimate. The company sees adjusted earnings per share of $5.56 to $5.58. Full-year revenue is estimated to be $7.99 billion to $8.01 billion, an increase from the prior guidance of $7.95 billion to $8.00 billion, and better than the $7.98 billion estimate. Yahoo Finance's Julie Hyman and Jared Blikre break down Palo Alto Network's Q3 results. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Stephanie Mikulich.
Barrons.comThese Stocks Are Moving the Most Today: Palo Alto Networks, XPeng, Peloton, First Solar, Keysight, VinFast Auto, Nordson, Lowe’s, and More
Palo Alto Networks issues a fiscal fourth-quarter forecast that underwhelms investors, Chinese electric-vehicle maker XPeng posts a narrower loss, and Peloton tumbles after a refinancing of its debt.
