Palo Alto Networks Sees Q3 Adj. EPS $1.24-$1.26 vs $1.29 Est., Total Revenue $1.95B-$1.98B vs $2.04B Est.
Portfolio Pulse from Benzinga Newsdesk
Palo Alto Networks has provided guidance for Q3 adjusted EPS of $1.24-$1.26, below the estimated $1.29, and total revenue of $1.95B-$1.98B, also below the expected $2.04B.
February 20, 2024 | 9:08 pm
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Palo Alto Networks projects lower-than-expected Q3 earnings and revenue, with adjusted EPS of $1.24-$1.26 and revenue of $1.95B-$1.98B.
The company's guidance for both adjusted EPS and total revenue falls below analyst estimates, which can lead to negative investor sentiment and potentially lower stock prices in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100