Piper Jaffray Remains Bullish on Palo Alto Networks (PANW) Following 3Q - PT to $167
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Palo Alto Networks Reports Fiscal Third Quarter 2016 Financial Results
May 26, 2016 4:03 PM EDTSANTA CLARA, Calif., May 26, 2016 /PRNewswire/ -- Palo Alto Networks® (NYSE: PANW), the next-generation security company, today announced financial results for its fiscal third quarter 2016 ended April 30, 2016.
Total revenue for the fiscal third quarter 2016 grew 48 percent year over year to a record $345.8 million, compared with total revenue of $234.2 million for the fiscal third quarter 2015. GAAP net loss for the fiscal third quarter 2016 was $70.2 million, or $0.80 per diluted share, compared with GAAP net loss of $45.9 million, or $0.56 per diluted share, for the... More
