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Palo Alto Networks shares plunge after company cuts full-year billings, revenue guidance

by Editor February 26, 2024, 9:02 am 1.9k Views

Palo Alto Networks shares plunge after company cuts full-year billings, revenue guidance

Nikesh Arora, CEO of Palo Alto Networks.

Adam Galica | CNBC

Shares of cybersecurity company Palo Alto Networks plunged 19% in extended trading Tuesday, after the company

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a beat on the top and bottom lines but lowered its full-year guidance for revenue and billings.

Here’s how the company did compared to estimates by LSEG, formerly known as Refinitiv:

Earnings per share: $1.46 adjusted vs. $1.30 expected
Revenue: $1.98 billion vs. $1.97…

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Posted by Editor

Lily standing in a doorway, wearing a black leather jacket, with her brown hair tied back and wearing a cross necklace

My eating disorder prevented me from being the trans woman I am

Today on Sky Sports Racing: Sublime Heights heads competitive field at Plumpton

Today on Sky Sports Racing: Sublime Heights heads competitive field at Plumpton

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