Palo Alto Networks (PANW) Stock: Spikes On Record Breaking Revenue

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Palo Alto Networks Inc (NYSE: PANW) is having an incredibly strong start to the trading session in the pre-market hours, and for good reason. The company reported its earnings for the third fiscal quarter, beating expectations and breaking records. As a result, investor excitement ensued, leading to gains in the stock and prompting our partners at Trade Ideas to alert us to the trend. At the moment (9:06), PANW is trading at $133.75 per share after a gain of $15.16 per share or 12.78% thus far today.





PANW Reports Record Breaking Q3 Revenue

As mentioned above, Palo Alto Networks is having an incredibly strong day in the market today after reporting its earnings for the third fiscal quarter. As you could imagine, the earnings report was overwhelmingly positive. Here’s what we saw…




  • Earnings Per Share – In terms of earnings per share, PANW definitely did not disappoint. During the quarter, analysts expected that the company would generate earnings in the amount of $0.55 per share. However, the company actually reported earnings per share in the amount of $0.61.
  • Revenue – Revenue also proved to be a big hit for PANW. During the quarter, analysts expected that the company would produce revenue in the amount of $412.1 million. However, the company actually reported revenue in the amount of $431.8 million. Not only did this blow away analyst expectations, this was the highest revenue producing quarter on record for the company.

Along with the release of earnings, Steffan Tomlinson, CFO at Palo Alto Networks, had the following to offer…

Expansion within our existing customer base and new customer acquisitions in the quarter drive growth in revenue, billings and deferred revenue… In addition, we continue to balance growth and profitability, as cash flow from operations totaled $211.2 million in the quarter, free cash flow totaled $162.6 million, and we ended the quarter with cash, cash equivalents and investments of $2.1 billion.”

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on PANW. In particular, we’re interested in following the company through the fourth quarter and excited to see the results following the record breaking Q3. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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