Chief govt officer at Palo Alto Networks Inc., Nikesh Arora attends the ninth version of the VivaTech commerce present on the Parc des Expositions de la Porte de Versailles on June 11, 2025, in Paris.
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Palo Alto Networks beat Wall Road’s fiscal first-quarter estimates after the bell on Wednesday.
The inventory fell about 3%.
This is how the corporate did versus LSEG estimates:
- Earnings per share: 93 cents adjusted vs. 89 cents anticipated
- Income: $2.47 billion vs. $2.46 billion anticipated
Revenues grew 16% from $2.1 billion a 12 months in the past. Web revenue fell to $334 million, or 47 cents per share, from $351 million, or 49 cents per share within the year-ago interval.
Palo Alto guided for revenues between $2.57 billion and $2.59 billion within the second quarter, the midpoint of which was in keeping with a $2.58 billion estimate. For the total 12 months, the corporate expects $10.50 billion to $10.54 billion, versus a $10.51 billion estimate.
Capital expenditures throughout the interval have been a lot greater than expectations at $84 million. StreetAccount anticipated $58.1 billion. Remaining buy obligations, which tracks backlog, grew to $15.5 billion and topped a $15.43 billion estimate.
The cybersecurity supplier additionally stated it is shopping for cloud observability platform Chronosphere for a complete worth of $3.35 billion.
Palo Alto has ramped up acquisitions lately underneath CEO Nikesh Arora. In July, the corporate stated it is shopping for Israeli id safety agency CyberArk for $25 billion.
The rise of synthetic intelligence has additionally stirred up more and more subtle cyberattacks and contributed to instruments for purchasers. The Santa Clara, California-based firm has infused AI into its instruments and launched automated AI brokers to assist fend off assaults in October.
