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Stock impact report

Palo Alto Networks slumps 6% as third quarter profit guidance falls short [CNBC]

CyberArk Software Ltd. - Ordinary Shares (CYBR) 
Last cyberark software ltd. - ordinary shares earnings: 2/12 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investors.cyberark.com
Company Research Source: CNBC
Earlier this month, Palo Alto closed its $25 billion acquisition of identity security platform CyberArk. In this article Palo Alto Networks beat Wall Street's fiscal second-quarter estimates after the bell on Tuesday but shares fell 6% on disappointing guidance. Here's how the company did versus LSEG estimates: Earnings per share : $1.03 per share excluding items vs. 94 cents expected Revenue: $2.59 billion vs. $2.58 billion expected The cybersecurity company forecasted lackluster earnings for the fiscal third quarter in the range of 78 cents and 80 cents, falling short of an estimate of 92 cents from LSEG. Revenue is expected to hit $2.94 billion to $2.95 billion, topping a $2.60 billion estimate. Revenue grew 15% from $2.3 billion a year ago, the company said. Net income totaled $432 million, or 61 cents per share, up from $267 million, or 38 cents per share a year ago. Palo Alto also said on Tuesday that it's buying Israeli cybersecurity startup Koi to secure AI Show less Read more
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