PANW - What's Going On With Palo Alto Networks Stock Tuesday? | Benzinga
Palo Alto Networks Inc (NASDAQ:PANW) shares are trading lower Tuesday on the heels of the company’s fiscal third-quarter financial results. Here’s what you need to know.
What Happened: Palo Alto reported fiscal third-quarter revenue of $1.985 billion, which beat analyst estimates of $1.967 billion, according to Benzinga Pro. The cybersecurity company’s top-line results were up 15% on a year-over-year basis.
Palo Alto reported adjusted earnings of $1.32 per share, which beat analyst estimates of $1.25 per share.
“We are pleased with the enthusiastic response to platformization from our customers in Q3. Platformization ...