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Palo Alto Networks's (NASDAQ:PANW) Q1 Sales Beat Estimates But Stock Drops

Cybersecurity provider Palo Alto Networks (NASDAQ:PANW) reported Q1 CY2024 results topping analysts' expectations, with revenue up 15.3% year on year to $1.98 billion. The company expects next quarter's revenue to be around $2.16 billion, in line with analysts' estimates. It made a non-GAAP profit of $1.32 per share, improving from its profit of $1.10 per share in the same quarter last year.
Nir Zuk Nikesh Arora Palo Alto Networks Picking Winners In High Technology Network Security Palo Alto
Source: yahoo.com

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