18:56 · 22 February 2023

Palo Alto Networks surges 11.0% on upbeat financial outlook

Palo Alto
Shares
PANW.US, Palo Alto Networks Inc
-
-

Palo Alto Networks (PANW.US) stock jumped over 11.0% on Wednesday after the cybersecurity company posted upbeat second quarter financial results and lifted its financial outlook.

  •  EPS of $1.05, easily topped market estimates of $0.78. 

  • Total revenue jumped 26% YoY to $1.7 billion, beating the consensus estimate of $1.65 billion.

  • Palo Alto said it expects third-quarter billings to be between $2.2 billion and $2.25 billion, above analysts’ projections of $2.22 billion.

  • Cybersecurity software specialists forecast earnings in the region between 90 and 94 cents per share, excluding one-time items, while revenue is expected to be within a range of $1.7 billion to $1.73 billion.

  • For the full-year, management expects to earn between $3.97 and $4.03 per share, excluding one-time items.

Palo Alto Networks (PANW.US) stock launched today's session with a massive bullish price gap above the upper limit of the local ascending channel. If current sentiment prevails, an upward move may accelerate towards resistance at $192.70, where high from August 2022 are located. On the other hand, if sellers manage to regain control, another downward impulse towards crucial support at $173.40 may be launched. Source: xStation5

7 October 2025, 10:25

DE40: Europan market still under pressure of weak industry and political turmoil

7 October 2025, 09:55

Debasement trade goes from strength to strength, as oil and cigarettes power the FTSE 100

6 October 2025, 19:14

Daily summary: US100 surges almost 1% 📈Crypto and precious metals on the rise

6 October 2025, 15:11

Why the Cac could be vulnerable to French political risk

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

Join over 1.7 Million investors from around the world