Palo Alto Networks Q4 Earnings: Revenue Beat, EPS Beat, Strong Guidance, $500M Added To Buyback And More
Portfolio Pulse from Adam Eckert
Palo Alto Networks reported strong Q4 earnings, beating revenue and EPS estimates. The company announced a $500M addition to its share buyback program and provided strong guidance for fiscal year 2025. Shares rose 2.77% in after-hours trading.
August 19, 2024 | 8:35 pm
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Palo Alto Networks exceeded Q4 earnings expectations with revenue of $2.189B and EPS of $1.51. The company added $500M to its share buyback program and provided strong guidance for FY 2025, leading to a 2.77% increase in after-hours trading.
Palo Alto Networks reported better-than-expected Q4 earnings, with both revenue and EPS surpassing analyst estimates. The company's strong performance and positive guidance for FY 2025, along with an increased share buyback program, are likely to boost investor confidence, resulting in a positive short-term impact on the stock price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100