After-Hours Movers: Palo Alto Networks Jumps, Zoom Falls Post EPS

After-Hours Stock Movers:

Assertio Holdings, Inc. (Nasdaq: ASRT) 25% LOWER; announced its intention to offer, subject to market and other conditions, $60 million aggregate principal amount of convertible senior notes due 2027 (the Convertible Notes) in a private offering to qualified institutional buyers.

Palo Alto Networks (NASDAQ: PANW) 8% HIGHER; reported Q4 EPS of $2.39, $0.11 better than the analyst estimate of $2.28. Revenue for the quarter came in at $1.6 billion versus the consensus estimate of $1.54 billion. Palo Alto Networks announced that the board of directors has approved and declared a three-for-one split of Palo Alto Networks' common stock in the form of a stock dividend. Palo Alto Networks sees Q1 2023 EPS of $2.03-$2.06. Palo Alto Networks sees Q1 2023 revenue of $1.535-1.555 billion, versus the consensus of $1.54 billion. Palo Alto Networks sees FY2023 EPS of $9.40-$9.50. Palo Alto Networks sees FY2023 revenue of $6.85-6.9 billion, versus the consensus of $6.74 billion.

Zoom (NASDAQ: ZM) 8% LOWER; reported Q2 EPS of $1.05, $0.11 better than the analyst estimate of $0.94. Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.12 billion. Zoom sees FY2023 revenue of $4.385-4.395 billion, vs 4.54 billion estimate.

Astra Space (NASDAQ: ASTR) 3% HIGHER; CEO buys 100,000 shares.

CrowdStrike Holdings, Inc. (NASDAQ: CRWD) 3% HIGHER; gains after strong results and guidance from peer PANW.

Zscaler, Inc. (NASDAQ: ZS) 2% HIGHER; gains after strong results and guidance from peer PANW.

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