PANW Aug 2024 330.000 call
| Previous close | 24.81 |
| Open | 10.35 |
| Bid | 14.30 |
| Ask | 14.60 |
| Strike | 330.00 |
| Expiry date | 2024-08-16 |
| Day's range | 8.50 - 14.50 |
| Contract range | N/A |
| Volume | |
| Open interest | 664 |
- Yahoo Finance Video
Palo Alto Networks to become 'supermarket' for security needs
Shares of Palo Alto Networks (PANW) are sinking Tuesday morning after the company issued a downbeat forecast for the current period, renewing concern about a slowdown in the cybersecurity sector. TD Cowen Managing Director and Senior Analyst Shaul Eyal joins Morning Brief to discuss Palo Alto's "platformization" strategy for driving demand growth. Eyal classifies platformization as a "topic de jour," explaining that the strategy involves consolidating many security vendors. Palo Alto is trying to separate itself from the pack by introducing three new platforms, a strategy that is "swinging in full mode ahead," Eyal says. Palo Alto's efforts to consolidate its solutions across product categories may transform it into the "supermarket for all of the corporate security needs." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This article was written by Gabriel Roy.
- Yahoo Finance Video
Palo Alto should feel 'good' about Q3 earnings: Former CEO
Shares of Palo Alto Networks (PANW) fell sharply Monday, triggered by the company's decision to narrow its full-year guidance. Deep Instinct CEO and former Palo Alto Networks CEO Lane Bess joins Market Domination Overtime to discuss the company's third-quarter earnings results and its outlook. Bess believes that Palo Alto "should be feeling pretty good about these numbers overall." He notes that as the company heads into the fourth quarter, it has "historically been a strong finish to their year," suggesting that Palo Alto's performance in its fiscal final quarter could offset any concerns raised by the narrowed guidance. Regarding the guidance itself, Bess notes that the company adopted a conservative approach, stating "you don't wanna promise and not meet." Shifting the discussion to artificial intelligence (AI), Bess emphasizes that customers are currently seeking "best of breed" solutions, prioritizing quality. While acknowledging that Palo Alto "doesn't use the most sophisticated AI," Bess highlights the company's ability to create effective defenses against cyberattacks. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith
- Yahoo Finance Video
Palo Alto Networks falls on disappointing billings guidance
Palo Alto Networks (PANW) reported fiscal third quarter results that topped Wall Street estimates but a disappointing billings forecast. For Q3, the cybersecurity company reported adjusted earnings per share of $1.32 compared to an estimated $1.26. Revenue of $2.0 billion was slightly better than the expectations of $1.97 billion. For the full year, Palo Alto Networks sees billings of $10.13 billion to $10.18 billion, a narrower range than the previously forecasted $10.10 billion to $10.20 billion and short of the $10.19 billion estimate. The company sees adjusted earnings per share of $5.56 to $5.58. Full-year revenue is estimated to be $7.99 billion to $8.01 billion, an increase from the prior guidance of $7.95 billion to $8.00 billion, and better than the $7.98 billion estimate. Yahoo Finance's Julie Hyman and Jared Blikre break down Palo Alto Network's Q3 results. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Stephanie Mikulich.
