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Palo Alto Networks (NYSE:PANW) is in the account Monday afterwards PANW banal jumped on the absolution of its balance address for budgetary Q1 2021. This comes afterwards advertisement adapted balance per allotment of $1.62. That beats out Wall Street’s appraisal of $1.33 per share. Its acquirement of $946 actor additionally comes in aloft analysts’ estimates of $921.64 million.
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Here’s what abroad PANW investors charge to apperceive about the Palo Alto Networks balance news.
Nikesh Arora, administrator and CEO of Palo Alto Networks, said this about the balance news.
“We delivered addition after able division of solid results, with aboriginal division billings of 21% year-over-year growth; both our firewall transformation and our Next-Generation Security casework abide to accomplish abundant progress, giving us aplomb to accession ahead issued advice for the year.”
Palo Alto Networks’ advice amend for budgetary 2021 has it assured adapted balance per allotment of $5.70 to $5.80 on acquirement of $4.09 billion to $4.14 billion. Wall Street is attractive for adapted EPS of $5.60 on acquirement of $4.02 billion for budgetary 2021.
PANW banal was up 5.4% as of Monday morning.
On the date of publication, William White did not accept (either anon or indirectly) any positions in the balance mentioned in this article.
The column Palo Alto Networks News: PANW Banal Pops 5% on FQ1 Beats, Outlook appeared aboriginal on InvestorPlace.
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