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.