Palo Alto Networks Sees FY24 Adj. EPS $5.45-$5.55 vs $5.51 Est., Total Revenue $7.95B-$8B vs $8.19B Est.
Portfolio Pulse from Benzinga Newsdesk
Palo Alto Networks forecasts its FY24 adjusted EPS to be between $5.45 and $5.55, which is around the consensus estimate of $5.51. However, its projected total revenue of $7.95B to $8B falls short of the expected $8.19B.
February 20, 2024 | 9:15 pm
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Palo Alto Networks forecasts FY24 adjusted EPS in line with estimates but expects lower revenue than anticipated.
The company's adjusted EPS forecast is in line with analyst expectations, which might not significantly impact the stock price. However, the lower-than-expected revenue forecast could lead to negative sentiment among investors, potentially causing a short-term decrease in the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100