ZS - Palo Alto Networks Issues Weak Outlook Joins Teladoc Health SolarEdge Technologies And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session | Benzinga
U.S. stock futures were lower this morning, with the Dow futures trading lower by around 70 points on Wednesday.
Shares of Palo Alto Networks, Inc. (NASDAQ: PANW) fell sharply in today’s pre-market trading after the company issued third-quarter guidance below estimates.
Palo Alto’s fiscal second-quarter revenue increased 19% year-over-year to $1.98 billion, which beat the consensus estimate of $1.97 billion, according to Benzinga Pro. The company reported quarterly earnings of $1.46 per share, which beat analyst estimates of $1.30 per share.
Palo Alto sees fiscal third-quarter revenue of $1.95 billion to $1.98 billion versus estimates of $2.04 billion. The company expects third-quarter adjusted earnings to be between $1.24 and $1.26 per share versus estimates of $1.29 per share.
Palo Alto ...