Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (57520)	11/15/2023 4:20:37 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69282

Palo Alto Networks Reports Fiscal First Quarter 2024 Financial Results PR Newswire Wed, November 15, 2023 at 1:05 PM PST·15 min read In this article: PANW -1.91% Recommendation Rating Buy Fiscal first quarter revenue grew 20% year over year to $1.9 billion. Remaining performance obligation grew 26% year over year to $10.4 billion. Fiscal first quarter Non-GAAP operating margin and Non-GAAP net income per share ahead of guidance, and raising FY'24 guidance on both metrics. SANTA CLARA, Calif., Nov. 15, 2023 /PRNewswire/ -- Palo Alto Networks (NASDAQ: PANW), the global cybersecurity leader, announced today financial results for its fiscal first quarter 2024, ended October 31, 2023. Total revenue for the fiscal first quarter 2024 grew 20% year over year to $1.9 billion, compared with total revenue of $1.6 billion for the fiscal first quarter 2023. GAAP net income for the fiscal first quarter 2024 was $194.2 million, or $0.56 per diluted share, compared with GAAP net income of $20.0 million, or $0.06 per diluted share, for the fiscal first quarter 2023. ADVERTISEMENT Non-GAAP net income for the fiscal first quarter 2024 was $466.3 million, or $1.38 per diluted share, compared with non-GAAP net income of $266.4 million, or $0.83 per diluted share, for the fiscal first quarter 2023. A reconciliation between GAAP and non-GAAP information is contained in the tables below. "An unprecedented level of attacks is fueling strong demand in the cybersecurity market," said Nikesh Arora, chairman and CEO of Palo Alto Networks. "We continue to execute on platformization as customers recognize the benefits we can provide in simplifying security architectures and driving better security outcomes." "Our revenue, next-generation security ARR, and cRPO metrics best represent our top-line performance in Q1, while our billings were impacted by the cost of money," said Dipak Golechha, chief financial officer of Palo Alto Networks. "Our record cash flow generation and strong Q1 non-GAAP operating margin, illustrate our commitment to driving profitable growth." Financial Outlook Palo Alto Networks provides guidance based on current market conditions and expectations. ADVERTISEMENT For the fiscal second quarter 2024, we expect: Total billings in the range of $2.335 billion to $2.385 billion, representing year-over-year growth of between 15% and 18%. Total revenue in the range of $1.955 billion to $1.985 billion, representing year-over-year growth of between 18% and 20%. Diluted non-GAAP net income per share in the range of $1.29 to $1.31, using 339 million to 342 million shares outstanding. Story continues View comments RECOMMENDED STORIES Fortune Billionaire Citadel founder Ken Griffin says employers won’t go the ‘extra distance’ to keep hybrid workers on the payroll: ‘It’s an email to all… and goodbye’ 10h ago Stansberry Research Ad Ex-Wall Street VP: “Something Odd Just Happened” Business Insider These are the top 10 holdings of the Mormon Church's $47 billion stock portfolio 17h ago Zacks Macy's (M) to Report Q3 Earnings: What's in the Cards? 1d ago Zacks Wall Street Bulls Look Optimistic About Palo Alto (PANW): Should You Buy? 1d ago Chaikin Analytics Ad Wall St. Predicts Massive Financial Shift in ‘24 Zacks Global-e Online Ltd. (GLBE) Reports Q3 Earnings: What Key Metrics Have to Say 7h ago Investor's Business Daily Warren Buffett Is Still On The Stock Market Sidelines — Here Are His Top Q3 Sells 7m ago Bankrate Warren Buffett’s portfolio: Here are the stocks Berkshire Hathaway is buying or selling 5h ago leafhomesystems Ad Don't Pay For New Gutters. Get This 3-In-1 System Instead Zacks What's in Store for Applied Materials (AMAT) in Q4 Earnings? 3h ago Business Insider Billionaire Ken Griffin says Miami could overtake New York as a financial hub 2h ago Investor's Business Daily Microsoft Stock Breaks Out Past Buy Point Amid Big AI News 3h ago Sponsored by Fidelity Ad What Canadians should know about the new FHSA Barrons.com Apple, Microsoft, Nvidia—What Tech Stocks Hedge Funds Are Buying and Selling 5h ago Zacks 5 Solid Stocks to Buy as Inflation Continues to Decline 7h ago The Wall Street Journal Target Stock Soars After Profit Surges 1h ago Interactive Brokers Ad