Palo Alto Networks, Inc. (NASDAQ:PANW) shares are moving Monday. The company is set to report its third-quarter financial results after the bell.
The Details:
Palo Alto Networks will host a conference call to discuss its third-quarter results at 4:30 p.m. Monday. According to estimates from Benzinga Pro, analysts expect the company to report quarterly earnings of $1.25 per share and revenue of $1.967 billion.
Last week, the company announced a partnership with IBM to offer a comprehensive security platform underpinned by artificial intelligence.
"The security industry is at an inflection point where AI will transform businesses and deliver outcomes not seen before. It's a moment to accelerate growth and innovation," said Nikesh Arora, chairman and CEO of Palo Alto.
Keybanc analyst Michael Turits maintained an Overweight ...