Palo Alto Networks Sees Q4 Adj. EPS $1.40-$1.42 vs $1.41 Est., Total Revenue $2.15B-$2.17B vs $2.16B Est.
Portfolio Pulse from Benzinga Newsdesk
Palo Alto Networks has released its Q4 financial guidance, projecting adjusted EPS between $1.40 and $1.42, compared to the estimated $1.41. The company also expects total revenue to be between $2.15 billion and $2.17 billion, in line with the estimated $2.16 billion.
May 20, 2024 | 8:06 pm
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NEUTRAL IMPACT
Palo Alto Networks' Q4 financial guidance is in line with market expectations, with adjusted EPS slightly varying around the estimate and revenue projections matching the estimate. This suggests stability in the company's financial performance.
The projected adjusted EPS range of $1.40-$1.42 is close to the estimated $1.41, and the revenue range of $2.15B-$2.17B matches the $2.16B estimate. This alignment suggests that the company's performance is stable and in line with market expectations, likely resulting in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100