Palo Alto Networks (PANW) Tops Q4 EPS by 16c, Offers Guidance

Palo Alto Networks (NASDAQ: PANW) reported Q4 EPS of $1.44, $0.16 better than the analyst estimate of $1.28. Revenue for the quarter came in at $2 billion versus the consensus estimate of $1.96 billion.

GUIDANCE:

Palo Alto Networks sees Q1 2024 EPS of $1.15-$1.17, versus the consensus of $1.11. Palo Alto Networks sees Q1 2024 revenue of $1.82-1.85 billion, versus the consensus of $1.93 billion.

• Total billings in the range of $2.05 billion to $2.08 billion, representing year-over-year growth of between 17% and 19%.

Palo Alto Networks sees FY2024 EPS of $5.27-$5.40, versus the consensus of $4.98. Palo Alto Networks sees FY2024 revenue of $8.15-8.2 billion, versus the consensus of $8.38 billion.

• Total billings in the range of $10.9 billion to $11.0 billion, representing year-over-year growth of between 19% and 20%.

For earnings history and earnings-related data on Palo Alto Networks (PANW) click here.

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