The cybersecurity company also said on Tuesday that it's buying Israeli startup Koi
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Palo Alto Networks
beat Wall Street’s fiscal second-quarter estimates after the bell on Tuesday but shares fell 6% on disappointing guidance.
Here’s how the company did versus LSEG estimates:
The cybersecurity company forecasted lackluster earnings for the fiscal third quarter in the range of 78 cents and 80 cents, falling short of an estimate of 92 cents from LSEG.
The cybersecurity company said in July it would by Israeli cybersecurity provider CyberArk for $25 billion.
Palo Alto Networks surpassed Wall Street's fiscal fourth-quarter estimates and issued upbeat guidance.
The Acquisition of Koi Security Follows Palo Alto's Recent CyberArk Deal and Adds AI Monitoring Tools to Its Cybersecurity…
Palo Alto has bet big on AI in recent months and launched an aggressive acquisition spree that included buying CyberArk for $25…
Palo Alto Networks shares tumbled on Wednesday as the cybersecurity giant’s mostly in-line guidance overshadowed quarterly…
Shares rose post-earnings Monday evening but were still down from when the company's interest in CyberArk was first reported.
