Palo Alto Networks Reports Fiscal First Quarter 2021 Financial Results

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Go back to Palo Alto Networks Reports Fiscal First Quarter 2021 Financial Results

Palo Alto Networks (PANW) PT Raised to $310 at Mizuho Securities

November 16, 2020 1:21 PM EST

Mizuho Securities analyst Gregg Moskowitz raised the price target on Palo Alto Networks (NYSE: PANW) to $310.00 (from $300.00) while maintaining a Buy rating.

The analyst commented, "Consistent with our preview, PANW reported a very good F1Q, led by billings growth of 21%... More

Palo Alto Networks (PANW) Tops Q1 EPS by 29c, Revenues Beat; Raises FY21 EPS/Revenue Guidance Above Consensus, 2Q EPS/Revenues Views Above Consensus

November 16, 2020 7:04 AM EST

Palo Alto Networks (NYSE: PANW) reported Q1 EPS of $1.62, $0.29 better than the analyst estimate of $1.33. Revenue for the quarter came in at $946 million versus the consensus estimate of $921.64 million.

Total revenue for the fiscal first quarter 2021 grew 23% year over year to $946.0 million, compared with total revenue of $771.9 million for the fiscal first quarter 2020. GAAP net loss for the fiscal first quarter 2021 was $92.2 million, or $0.97 per diluted share, compared with GAAP net loss of $59.6 million, or $0.62 per diluted share, for the fiscal first quarter 2020.

Non-GAAP net income for the fiscal first quarter 2021 was $158.1... More