Stocks to Watch: Palo Alto Networks, Snowflake, Dream Finders Homes

Dow Jones11-21 07:56

By Connor Hart

Palo Alto Networks' first-quarter results topped Wall Street views, but the cybersecurity company's full-year guidance failed to wow investors. The company raised its full-year revenue outlook to between $9.12 billion and $9.17 billion, bracketing the $9.13 billion that analysts on FactSet expect. Its full-year guidance was expected to be a key focus as it released results, according to Wedbush analysts, who said investors are eyeing its pipeline of deals with customers looking to consolidate their cybersecurity vendors. Shares fall 5.2%, to $372.50, in after-hours trading.

Snowflake reported third-quarter results that flew past Wall Street's estimates. The software company posted adjusted earnings of 20 cents a share on revenue of $942.1 million. Analysts surveyed by FactSet were expecting earnings of 15 cents a share on revenue of $899 million. The company's top line was boosted by product revenue, derived from the consumption of compute, storage and data transfer resources by Snowflake customers, which was up 29% from last year. Shares jump 19%, to $153.55, in postmarket trading.

Dream Finders Homes was selected to join the S&P SmallCap 600. The homebuilder will join the index Nov. 25, replacing Haynes International, an alloy producer being sold to North American Stainless. Last month, Dream Finders said that third-quarter revenue rose to $1.01 billion from $895.8 million. Shares rise 9.9%, to $30.68, in after-hours trading.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

November 20, 2024 18:56 ET (23:56 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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The company raised its full-year ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4548","symbol_name":"巴美列捷福持仓","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2485037971","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485037971","pubTimestamp":1732146960,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Palo Alto Networks' first-quarter results topped Wall Street views, but the cybersecurity company's full-year guidance failed to wow investors. 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The company raised its full-year revenue outlook to between $9.12 billion and $9.17 billion, bracketing the $9.13 billion that analysts on FactSet expect. Its full-year guidance was expected to be a key focus as it released results, according to Wedbush analysts, who said investors are eyeing its pipeline of deals with customers looking to consolidate their cybersecurity vendors. Shares fall 5.2%, to $372.50, in after-hours trading. \n\n\nSnowflake reported third-quarter results that flew past Wall Street's estimates. The software company posted adjusted earnings of 20 cents a share on revenue of $942.1 million. Analysts surveyed by FactSet were expecting earnings of 15 cents a share on revenue of $899 million. The company's top line was boosted by product revenue, derived from the consumption of compute, storage and data transfer resources by Snowflake customers, which was up 29% from last year. 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