Palo Alto Networks, Inc. Sees Q1 EPS $1.15-$1.17 Vs $1.11 Est.; Revenue $1.82B-$1.85B Vs $1.93B Est.; FY24 EPS $5.27-$5.40 Vs $4.98 Est.; Revenue $8.15B-$8.2B Vs $8.38B Est.
Portfolio Pulse from Happy Mohamed
Palo Alto Networks has provided its financial outlook for Q1 and FY24, with expectations of year-over-year growth in total billings, total revenue, and diluted non-GAAP net income per share. However, the projected revenue for Q1 and FY24 is lower than estimated.
August 18, 2023 | 8:08 pm
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NEGATIVE IMPACT
Palo Alto Networks' projected revenue for Q1 and FY24 is lower than estimated, which may negatively impact the stock price.
Investors often react negatively to lower-than-expected revenue projections, which can lead to a decrease in the stock price. In this case, Palo Alto Networks' projected revenue for both Q1 and FY24 is lower than estimated, which could potentially lead to a negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100