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Stock impact report

Cloudflare reports wider first-quarter operating loss, shares slide [Reuters]

Palo Alto Networks, Inc. (PANW) 
Last palo alto networks, inc. earnings: 2/24 04:15 pm Check Earnings Report
Company Research Source: Reuters
High interest rates have hurt enterprise budgets as businesses expect some economic uncertainty and look to protect their bottom line and cash balances. Loss from operations widened to $54.6 million in the March quarter from $47.3 million a year ago, as sales and marketing expenses jumped about 42% to $194.1 million. Cybersecurity firms such as Palo Alto Networks and Crowdstrike Holdings have gained market share in the past year as companies look to adopt more efficient and cheaper consolidated platforms for a variety of applications. The company expects second-quarter revenue between $393.5 million and $394.5 million, compared with analysts' estimate of $393.5 million, according to LSEG data. It posted revenue of $378.6 million in the first quarter, up 30% from the prior year, and also above estimates of $373.1 million. Adjusted profit in the quarter was 16 cents per share, compared with 8 cents per share a year ago. The Technology Roundup newsletter brings the latest ne Show less Read more
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