The company hit it out of the park with its earnings report. But Palo Alto has several rivals also expected to keep growing rapidly.
Shares of Palo Alto Networks soared as much as 12% on Aug. 23 after the network security company reported results for its fiscal fourth quarter and said it expected sales to increase by at least 25% in fiscal 2023.
Palo Alto PANW CEO Nikesh Arora described the company’s fiscal guidance as “prudent.” MarketWatch’s Wallace Witkowski summarized the company’s results and its recent history of beating analysts estimates and its own guidance. For the fourth quarter of fiscal 2022, the company was profitable, with EPS of 3 cents. It also expected to be profitable on a GAAP basis in fiscal 2023.What about its competitors? In its annual report for fiscal 2021, Palo Alto listed five “main competitors” by name: Cisco Systems Inc. CSCO , Check Point Software Technologies, Ltd. CHKP , Fortinet Inc., FTNT , Zscaler Inc. ZS and CrowdStrike Holdings Inc. CRWD .
Here are the nine companies listed by expected two-year compound annual growth rates for sales through 2024:
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
'Better than the rest:' Wall Street cheers Palo Alto Networks earnings beat, forward guidancePalo Alto Networks beat analyst expectations when it reported results Monday.
Weiterlesen »
Padres pregame: Wil Myers leading off righty stack against Nationals lefty Patrick CorbinAgain a familiar face, Wil Myers leading off for first time this season as Padres look to split series with Nationals
Weiterlesen »
Texas doesn't have a state income tax, but most Texans pay more in taxes than Californians, data suggestsA recent post on Reddit's main economic forum included a 2018 graphic that shows that Texans pay more taxes than Californians unless they are in the top 1 percent. Here are the facts.
Weiterlesen »