Even Palo cuts forecast... mea

Like
Comment
Favorite

Slowdownpok
2023-11-16

Even Palo cuts forecast... means economic situation not good shape

Palo Alto Networks Tumbles 5% as It Cuts Full-Year Billings Forecast

Palo Alto Networks (NASDAQ:PANW) tumbled 5% in premarket trading as its lowered its billings forecast for the fiscal year.For fiscal 2024, the company expects total billings in the range of $10.7B to

Palo Alto Networks Tumbles 5% as It Cuts Full-Year Billings Forecast

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

Top
Latest

No comments yet

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":242029349830712,"tweetId":"242029349830712","gmtCreate":1700126202329,"gmtModify":1700126206382,"author":{"id":3551139414186896,"authorId":3551139414186896,"authorIdStr":"3551139414186896","name":"Slowdownpok","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":3,"crmLevelSwitch":0,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-2","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Executive Tiger","description":"The transaction amount of the securities account reaches $300,000","bigImgUrl":"https://static.tigerbbs.com/9d20b23f1b6335407f882bc5c2ad12c0","smallImgUrl":"https://static.tigerbbs.com/ada3b4533518ace8404a3f6dd192bd29","grayImgUrl":"https://static.tigerbbs.com/177f283ba21d1c077054dac07f88f3bd","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"80.28%","individualDisplayEnabled":0},"individualDisplayBadges":[],"fanSize":23,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"html":"<html><head></head><body><p>Even Palo cuts forecast... means economic situation not good shape&nbsp;</p></body></html>","htmlText":"<html><head></head><body><p>Even Palo cuts forecast... means economic situation not good shape&nbsp;</p></body></html>","text":"Even Palo cuts forecast... means economic situation not good shape","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/242029349830712","repostId":1104032023,"repostType":2,"repost":{"id":"1104032023","pubTimestamp":1700125578,"share":"https://www.laohu8.com/m/news/1104032023?lang=&edition=full","pubTime":"2023-11-16 17:06","market":"us","language":"en","title":"Palo Alto Networks Tumbles 5% as It Cuts Full-Year Billings Forecast","url":"https://stock-news.laohu8.com/highlight/detail?id=1104032023","media":"seekingalpha","summary":"Palo Alto Networks (NASDAQ:PANW) tumbled 5% in premarket trading as its lowered its billings forecast for the fiscal year.For fiscal 2024, the company expects total billings in the range of $10.7B to ","content":"<html><head></head><body><p>Palo Alto Networks (NASDAQ:PANW) tumbled 5% in premarket trading as its lowered its billings forecast for the fiscal year.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b947a2e545a6280360abbfcd4422ddaa\" tg-width=\"841\" tg-height=\"855\"/></p><p>For fiscal 2024, the company expects total billings in the range of $10.7B to $10.8B. That compares to a prior estimate of $10.9B to $11B.</p><p style=\"text-align: left;\">Revenue is forecast in the range of $8.15B to $8.20B versus the estimate of $8.19B and non-GAAP net income per share is forecast in the range of $5.40 to $5.53 compared to the estimate of $5.34 per share.</p><p style=\"text-align: left;\">For the first fiscal quarter, revenue of $1.9B compared to the average analyst estimate of $1.84B and non-GAAP earnings came in at $1.38 per share, above the estimate of $1.16 per share.</p><p style=\"text-align: left;\">&#34;An unprecedented level of attacks is fueling strong demand in the cybersecurity market,&#34; said Nikesh Arora, chairman and CEO of Palo Alto Networks (PANW). &#34;We continue to execute on platformization as customers recognize the benefits we can provide in simplifying security architectures and driving better security outcomes.&#34;</p><p style=\"text-align: left;\">For the second-quarter, Palo Alto (PANW) expects billings in the range of $2.335B to $2.385B and revenue in the range of $1.955B to $1.985B compared to the estimate of $1.97B and non-GAAP net income per share in the range of $1.29 to $1.31, versus the expectation of $1.25 per share.</p></body></html>","source":"lsy1642056764450","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palo Alto Networks Tumbles 5% as It Cuts Full-Year Billings Forecast</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalo Alto Networks Tumbles 5% as It Cuts Full-Year Billings Forecast\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-11-16 17:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4037292-palo-alto-networks-drops-as-billings-forecast-drops><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Palo Alto Networks (NASDAQ:PANW) tumbled 5% in premarket trading as its lowered its billings forecast for the fiscal year.For fiscal 2024, the company expects total billings in the range of $10.7B to ...</p>\n\n<a href=\"https://seekingalpha.com/news/4037292-palo-alto-networks-drops-as-billings-forecast-drops\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PANW":"Palo Alto Networks"},"source_url":"https://seekingalpha.com/news/4037292-palo-alto-networks-drops-as-billings-forecast-drops","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104032023","content_text":"Palo Alto Networks (NASDAQ:PANW) tumbled 5% in premarket trading as its lowered its billings forecast for the fiscal year.For fiscal 2024, the company expects total billings in the range of $10.7B to $10.8B. That compares to a prior estimate of $10.9B to $11B.Revenue is forecast in the range of $8.15B to $8.20B versus the estimate of $8.19B and non-GAAP net income per share is forecast in the range of $5.40 to $5.53 compared to the estimate of $5.34 per share.For the first fiscal quarter, revenue of $1.9B compared to the average analyst estimate of $1.84B and non-GAAP earnings came in at $1.38 per share, above the estimate of $1.16 per share.\"An unprecedented level of attacks is fueling strong demand in the cybersecurity market,\" said Nikesh Arora, chairman and CEO of Palo Alto Networks (PANW). \"We continue to execute on platformization as customers recognize the benefits we can provide in simplifying security architectures and driving better security outcomes.\"For the second-quarter, Palo Alto (PANW) expects billings in the range of $2.335B to $2.385B and revenue in the range of $1.955B to $1.985B compared to the estimate of $1.97B and non-GAAP net income per share in the range of $1.29 to $1.31, versus the expectation of $1.25 per share.","news_type":1},"isVote":1,"tweetType":1,"viewCount":48,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":57,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}