What's Going On With Palo Alto Networks Stock Thursday?

Palo Alto Networks Inc. (NASDAQ:PANW) shares are trading higher Thursday. The cybersecurity company reported fiscal first-quarter earnings results after the market close on Wednesday. Here’s what you need to know.

What To Know: Palo Alto Networks reported revenue of $2.14 billion, surpassing the consensus estimate of $2.12 billion. Quarterly earnings came in at $1.56 per share, beating analyst estimates of $1.48 per share, according to Benzinga Pro.

Revenue was up 14% year-over-year, with remaining performance obligations growing by 20% to $12.6 billion. Additionally, the company’s next-generation security annual ...

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