Palo Alto forecasts earnings above estimates on cybersecurity demand

INSUBCONTINENT EXCLUSIVE:
A surge in online threats have triggered demand for companies such as Palo Alto offering cybersecurity products.2 min read Last Updated :
Aug 20 2024 | 9:08 AM IST Palo Alto Networks forecast fiscal 2025 revenue and profit above Wall Street estimates on Monday, a sign of
trading, as the company announced an additional $500 million for share repurchases
They dipped briefly during the post-earnings call after CEO Nikesh Arora said the recent global IT outage has caused several customers to
raise as PANW continues to scale its Next-Gen Security business while balancing profitable growth," said Shrenik Kothari, lead sector
revenue to be between $9.10 billion and $9.15 billion, compared with analysts' average estimate of $9.11 billion, according to LSEG
Iron Mountain and a U.S
raised its annual revenue forecast.(Only the headline and picture of this report may have been reworked by the Business Standard staff; the
rest of the content is auto-generated from a syndicated feed.)First Published: Aug 20 2024 | 9:08 AMIST