Palo Alto Networks beats quarterly estimates on AI demand, continues acquisition spree
Palo Alto Networks surpassed fiscal fourth-quarter estimates as mounting artificial intelligence risks boost demand for its cybersecurity tools. Shares dipped about 2% in extended trading, following a 5% drop during the regular session. Here's how the company did versus LSEG estimates:Earnings per share: $1.02 adjusted vs. 98 cents expectedRevenue: $3.41 billion vs. $3.35 billion expected.Revenue jumped 34% during the quarter from $2.54 billion a year ago, the company said. Palo Alto reported a ...
Read more at cnbc.com