Palo Alto Networks Sees Q1 EPS $1.47-$1.49 Vs $1.43 Est.; Revenue $2.1B-$2.13B Vs $2.1B Est.; FY25 EPS $6.18-$6.31 Vs $6.19 Est.; Revenue $9.1B-$9.15B Vs $9.11B Est.
Portfolio Pulse from Benzinga Newsdesk
Palo Alto Networks has provided its financial guidance for Q1 and FY25, projecting higher-than-expected EPS and revenue. The company anticipates Q1 EPS of $1.47-$1.49 and revenue of $2.1B-$2.13B, and FY25 EPS of $6.18-$6.31 and revenue of $9.1B-$9.15B. Additionally, the board has authorized an extra $500 million for share repurchases, totaling $1 billion. The guidance includes the impact of acquiring IBM's QRadar SaaS assets.
August 19, 2024 | 8:07 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Palo Alto Networks' financial guidance for Q1 and FY25 exceeds expectations, with EPS and revenue projections higher than estimates. The company also announced an additional $500 million for share repurchases, increasing the total to $1 billion. The guidance includes the impact of acquiring IBM's QRadar SaaS assets.
The guidance provided by Palo Alto Networks shows higher-than-expected EPS and revenue, which is a positive indicator for the company's financial health and growth prospects. The additional share repurchase authorization signals confidence in the company's future performance, likely boosting investor sentiment. The inclusion of the IBM QRadar SaaS assets acquisition in the guidance suggests strategic growth initiatives.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100