The company reported a net loss of $60.6 million in its Q2 results, which translates to 67 cents a share on $422.6 million revenue.
The news comes just hours after Palo Alto's shares dropped dramatically following a weaker-than-expected second quarter performance. The consensus estimate is for EPS of $0.70. The action so far has landed shares on the top loser list for the morning session.Palo Alto Networks, Inc.
Over the last twelve months Palo Alto Networks's stock price has increased by 2.19% from 148.64 to 151.9. If you are reading this piece of content on another website, it was illegally stolen and reposted in violation of U.S. & worldwide copyright and trademark laws. But should you snap up this tech stock on Day 1? The Market Cap of the company stands at 14.09 Billion.
According to Zacks, "Palo Alto Networks offers network security solutions to enterprises, service providers and government entities worldwide". Following the completion of the sale, the chief executive officer now owns 568,760 shares of the company's stock, valued at $72,414,523.20. While George Soros sold out his Palo shares, other fund managers like Michael L Gordon and Scott Kapnick initiated new $2.13 billion and $17.6 million positions in the stock respectively. Company insiders own 4.80% of the company's stock.
Palo Alto Networks (NYSE:PANW) last issued its quarterly earnings data on Tuesday, February 28th.
Verizon Gets a Fix on 5G Trials
Verizon's announcement comes shortly after AT&T described its plans for "5G evolution" testing in Austin and Indianapolis . Verizon has yet to comment on what kind of speeds the pilot cities will be experiencing.
Scientists Working On Better Flu Vaccine For Dogs
While flu season inevitably comes every year, each season is different, with flu strains and severity differing every season. Overall, the vaccine is 48 percent effective . "We are seeing a lot of flu deaths in people over 65".
Palo Alto Networks chairman and CEO Mark McLaughlin said, "The LightCyber team's vision to bring automation and machine learning to bear in addressing the very hard task of identifying otherwise undetected and often very sophisticated attacks inside the network is well-aligned with our platform approach". Recognized by Gartner in two recent market guides, LightCyber has been leading the industry in the development of automated behavioral analytics capabilities, using sophisticated machine learning to quickly, efficiently and accurately identify attacks based on identifying behavioral anomalies inside the network.
Palo Alto Networks exited the second quarter with cash, cash equivalents and short-term investments of approximately $1.354 billion compared with $1.390 billion in the previous quarter. Also weighing on the stock - which is down 7% in electronic trading - is the firm's 2017 forecast for Exondys 51, its only drug. The retailer isn't looking for much, if any, revenue growth this year either. Finally, Summit Redstone started coverage on shares of Palo Alto Networks in a research note on Friday, December 2nd.
"Sales execution issues, three words software investors hate to hear, but this is something that so many companies go through at some stage of their evolution.The changes needed to get things back on track in these situations typically take 3-4 quarters to run their course". Wunderlich Capital Managemnt increased its stake in shares of Palo Alto Networks by 83.7% in the second quarter. Their platform combines network, cloud and endpoint security with advanced threat intelligence which allows for preventive protection against cyber threats.
Here we discussed Analysts views what they told about Palo Alto Networks, Inc. Its Next-Generation Firewall delivers application, user and content visibility and control, as well as protection against network-based cyber threats integrated within the firewall through its hardware and software architecture.
A Christian think tank says an LGBT advocacy group is attempting to politicize the beginning of the 40-day Lenten season. The " Glitter Ash Wednesday" initiative was created by the NY faith-based organization "Parity".
Denzel Washington, seen as Affleck's chief rival for the best-actor prize at the Oscars , was not nominated. Hosted by Nick Kroll and John Mulaney , the awards will take place in Santa Monica, California.
The untitled Marvel TV project revolves around an ordinary couple who finds out that their children possess mutant powers. FOX's Bryan Singer-directed X-Men drama doesn't have a name, or even many confirmed characters, at least until now.
A giraffe Animal Adventure Park at Harpursvile, NY is expecting a calf, and the park is live streaming the birth. The live feed went viral and was up for several hours before it was abruptly pulled off air Thursday morning.
They will discuss border security, law-enforcement cooperation, trade and other issues, the State Department said. The relations between Mexico and the United States were chilly long before disclosure of the deportation plan.
They only signed on in November, leaving little time for the preparation involved in putting together this mammoth production. And in an interview ahead of Kimmel's big hosting night, the host doesn't appear to have much planned in regards to Trump.
Between 2009 and 2014, settlements in the Palestinian occupied areas have expanded by at least 23% under Netanyahu's leadership. The move went against the prime minister's stated goal of involving Arab countries in resolving the conflict.
Some of the rally organizers came out of the Tea Party, a far-right movement within the Republican Party since 2009. Monday would be the first of the two rallies, also linked to the "Main Street Patriots" group.
Kings get Quick, Wild acquire Hanzal
Though Bishop makes Los Angeles deeper in goal, there are some questions on whether he was really what they needed most. The Los Angeles Kings have acquired goaltender Ben Bishop from the Tampa Bay Lightning on Sunday.
Christian writer accuses Lego Batman Movie of "gay propaganda"
The closest thing to a Boy Wonder appearance Nolan gave to fans was Joseph Gordon Levitt's John Blake in " The Dark Knight Rises". McKay is now in negotiations to direct the live-action film which is based on DC Comics, with Bill Dubuque writing the script.
Your Cat's Parasite Won't Make You Psychotic, Study Says
As such, we recommend that pregnant women should continue to follow advice not to handle soiled cat litter in case it contains. That said, separate evidence that suggests parasite exposure can lead to general health problems in children hold up.
Celine Dion rocks retro look to unveil new accessories line
Meanwhile, the "Because You Loved Me" musician recently said her family was "doing really well" one year on from Rene's passing. Angelil, who was married to Dion for over 21 years, died in January 2016 after a long battle with throat cancer.
Honor V9 official, a taste of Honor 9?
The Honor 8 Lite has been priced CNY 2,599 (which is approximately Rs 24,999) and will begin shipping this Friday- February 24. The phone boasts of a QHD display combined with a powerful battery and claims to be the best when it comes to VR, 3D support.
Aliyev Appoints Wife as Azerbaijan's Vice-President
The First Vice President also assumes the presidency if the president is unable to perform his or her duties. Graduating as a medical doctor, she also secured a degree in philosophy, defending a thesis on euthanasia.
UPS Tests Drone Delivery in 360-Degree Video
The company also now uses drones to check inventory on high storage shelves in its warehouses, which is already legal to do. The company on Monday successfully tested a package delivery drone that launches from atop its iconic brown vans.