VLD - Why Palo Alto Networks Shares Are Trading Lower By Around 5%; Here Are 20 Stocks Moving Premarket | Benzinga
Shares of Palo Alto Networks, Inc. (NASDAQ: PANW) fell in pre-market trading after reporting first-quarter results.
Palo Alto Networks reported quarterly earnings of $1.38 per share, above the analyst consensus estimate of $1.16. Revenue of $1.88 billion beat the analyst consensus estimate of $1.84 billion.
Billings clocked in at $2.024 billion, a 13.6% increase compared to $1.749 billion in the same period of 2022. Full-year 2024 total billings are expected to be in a range $10.7 billion to $10.8 billion, down from prior forecast of $10.9 billion to $11 billion.
Palo Alto Networks fell 5.2% to $242.82 in pre-market trading
Here are some other stocks moving in pre-market trading.
Gainers
- Bone Biologics Corporation (NASDAQ: BBLG) shares rose 62.1% to $0.8427 in pre-market trading after gaining around 9% on Wednesday.
- Esports Entertainment Group, Inc. (NASDAQ: GMBL) shares surged 37.4% to $0.0513 in pre-market trading after falling around 12% on Wednesday.
- Chanson International Holding (NASDAQ: CHSN) shares rose 20.7% to $1.75 in pre-market trading after dipping 35% on Wednesday.
- Acutus Medical, Inc. (NASDAQ: AFIB) shares rose 20.2% to $0.25 in ...