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The cybersecurity company posted $3.41 billion in revenue and $1.02 adjusted EPS, both above estimates, but its stock fell in after-hours trading
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Palo Alto Networks $PANW reported fiscal fourth-quarter revenue of $3.41 billion, a 34% increase from a year earlier, beating analyst estimates of $3.35 billion. Adjusted earnings came in at $1.02 per share, above the 98-cent estimate, according to CNBC.
Palo Alto Networks stock jumped as much as 5% in after-hours trading once results hit, but the gain evaporated and shares finished the extended session about 2% lower. The stock had also dropped about 5% during the regular session.
