Nikesh Arora, CEO of Palo Alto Networks, takes care of the closing bell of the Nasdaq market in New York on March 25, 2025.
Jeenah Moon | Reuters
Palo Alto networks Better than expected quarterly results reported and have issued optimistic directives for the current period. The supplier of cybersecurity software said that Nir Zuk, who founded the company in 2005, retired from his role as director of technology.
The stock increased by around 5% of prolonged exchanges.
Here is how the company did in relation to the LSEG estimates:
- Gains: 95 cents adjusted vs 88 cents expected
- Income: $ 2.54 billion against $ 2.5 billion expected.
Revenues from the fourth tax quarter increased by 16%, compared to around 2.2 billion dollars last year, the company said in a statement. Net profit fell to around $ 254 million, or 36 cents per share, from around 358 million dollars, or 51 cents per share, during the same period.
The company also published optimistic advice for the first tax quarter. The profit by action will be between 88 cents and 90 cents, said Palo Alto, exceeding an estimate of 85 cents of Streetaccount.
For the whole year, Palo Alto said that revenues vary from $ 10.48 billion to $ 10.53 billion over an adjusted profit from $ 3.75 to $ 3.85 per share. The two estimates have exceeded the projections of Wall Street.
Palo Alto said that for the first tax quarter, the remaining purchasing obligations, which follows backlog, will be between $ 15.4 billion and $ 15.5 billion, exceeding an estimate of $ 15.07 billion.
Last month, the company announced its intention to buy Cyberark for the Israeli identity security provider for $ 25 billion. It is the largest transaction that Palo Alto has concluded since its foundation, and the most ambitious in a buying frenzy that increased after CEO Nikesh Arora took the lead in 2018.
The actions sold strongly after the news of the news and have not yet recovered previous peaks. The stock is down approximately 3% this year at the end of Monday.
“We are looking for excellent products, a team that can perform in the product, and we let them execute,” Arora told CNBC after the announcement. “It will be a different challenge, but we have done 24 times, so I’m quite convinced that our team can manage this.”
Lee Klarich, the company’s product manager, will replace Zuk as CTO and will fulfill his position on the board of directors.
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