Earnings Results to Track: Palo Alto Networks Inc (NYSE: PANW)

On Friday, Palo Alto Networks Inc (NYSE: PANW) started its trading session with the price $210.1 and closed at price of $210.42 by scoring 0.54%. Day range of the stock was $210 – $214.62. PANW stock traded with total volume of 1116803 shares while the average trading capacity remained 1534232 shares.  Earnings per share was $-0.87.

Palo Alto Networks (PANW) recently reported financial results for its fiscal fourth quarter and fiscal year 2019, ended July 31, 2019.

  • Fiscal fourth quarter revenue grows 22 percent year over year to $805.8M; fiscal year 2019 revenue grows 28 percent year over year to $2.9B
  • Fiscal fourth quarter billings grow 22 percent year over year to $1.1B; fiscal year 2019 billings grow 22 percent year over year to $3.5B
  • Deferred revenue grows 27 percent year over year to $2.9B

Total revenue for the fiscal fourth quarter 2019 grew 22 percent year over year to $805.8M, contrast with total revenue of $658.5M for the fiscal fourth quarter 2018. GAAP net loss for the fiscal fourth quarter 2019 was $20.8M, or $0.22 per diluted share, contrast with GAAP net income of $7.0M, or $0.07 per diluted share, for the fiscal fourth quarter 2018.

Non-GAAP net income for the fiscal fourth quarter 2019 was $146.9M, or $1.47 per diluted share, contrast with non-GAAP net income of $131.7M, or $1.34 per diluted share, for the fiscal fourth quarter 2018. A reconciliation between GAAP and non-GAAP information is contained in the tables below.

“We had a strong fourth quarter, surpassing a billion dollars in billings within the quarter for the first time, and achieving about 180% year-over-year growth in our newer Prisma and Cortex offerings. This year we purchased and released important new technologies and built a robust go-to-market framework for driving their success in the market. It’s gratifying to see all the team’s hard work translate into strong market results,” stated Nikesh Arora, chairman and CEO of Palo Alto Networks. “The addition of our proposed acquisition reported recently, Zingbox, Inc., a differentiated player in IoT security, continues our strategy of extending our platforms. Zingbox will add to the capabilities of our Next-Generation Firewall by offering a first-of-its kind subscription that will make it easier for organizations to protect IoT devices from attackers. It will also be accessible as a service on our Cortex platform.”

PANW price volatility for a month noted as 2.48% however its price volatility for a week documented as 2.22%. The corporation holds 96.47 million outstanding shares and its 94.29 million shares were floated in the market. The stock established a negative trend of -0.07% in last week and indicated rise of 0.56% in previous month.

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