Key Developments: Palo Alto Networks Inc (PANW.N)

PANW.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Palo Alto Networks, Inc gives Q1 2015 EPS guidance; revenue guidance above analysts' estimates
Tuesday, 9 Sep 2014 04:05pm EDT 

Palo Alto Networks, Inc:Expects Q1 2015 total revenue in the range of $178 to $182 million.Expects Q1 2015 diluted non-GAAP earnings per share of about $0.12.Q1 2015 revenue of $174 million and EPS of $0.12 - Thomson Reuters I/B/E/S.  Full Article

Palo Alto Networks announces pricing of $500 mln offering of 0pct convertible senior notes due 2019
Wednesday, 25 Jun 2014 03:55am EDT 

Palo Alto Networks Inc:Prices $500 mln aggregate principal amount of convertible senior notes due 2019 in a private placement to qualified institutional buyers.Grants initial purchasers of notes a 30-day option to purchase up to an additional $75 mln aggregate principal amount of the notes to cover over-allotments, if any.Sale of the notes to the initial purchasers is expected to settle on June 30 and is expected to result in $486.4 mln in net proceeds after deducting fees and estimated offering expenses.Proceeds to be used to pay the cost of the convertible note hedge transactions and for general corporate purposes.  Full Article

Palo Alto Networks announces proposed $500 mln offering of convertible senior notes due 2019
Monday, 23 Jun 2014 04:05pm EDT 

Palo Alto Networks Inc:Says its intention to offer, subject to market conditions and other factors, $500 mln aggregate principal amount of convertible senior notes due in 2019 in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.Palo Alto Networks also expects to grant the initial purchasers of the notes a 30-day option to purchase up to an additional $75 million aggregate principal amount of the notes to cover over-allotments, if any.Expects to use a portion of the net proceeds of the offering of the notes to pay the cost of the convertible note hedge transactions described above and to use the remaining proceeds of the offering for general corporate purposes, which may include working capital, capital expenditures.  Full Article

Palo Alto Networks gives Q4 2014 guidance in line with analysts' estimates - Conference Call
Wednesday, 28 May 2014 04:30pm EDT 

Palo Alto Networks Inc:Expects Q4 2014 revenue to be in the range of $158 to $162 mln.Expects Q4 2014 non-GAAP EPS to be about $0.10 to $0.11 per share.Q4 2014 revenue of $158 mln and EPS of $0.10 - Thomson Reuters I/B/E/S.  Full Article

Palo Alto Networks Inc completes acquisition of Cyvera
Thursday, 10 Apr 2014 09:00am EDT 

Palo Alto Networks Inc:Completed its acquisition of Cyvera Ltd, a privately held cybersecurity company located in Tel-Aviv, Israel.Originally announced on March 24, Palo Alto acquired Cyvera for an aggregate purchase price of about $200 million.  Full Article

Palo Alto Networks Inc announces agreement to acquire Cyvera
Monday, 24 Mar 2014 07:00am EDT 

Palo Alto Networks Inc:Definitive agreement to acquire Cyvera, a privately held cybersecurity company located in Tel-Aviv, Israel.Under terms of agreement, Palo Alto Networks will acquire all of outstanding capital stock of Cyvera for an aggregate purchase price of about $200 mln.Acquisition is expected to close during second half of fiscal 2014.  Full Article

Palo Alto Networks Inc gives Q3 2014 guidance in line with analysts' estimates - Conference Call
Monday, 24 Feb 2014 08:00am EST 

Palo Alto Networks Inc:Says for Q3 2014, it expect revenue to be in the range of $143 million to $147 million, non-GAAP EPS to be about $0.10 to $0.11 per share, using 79 million to 81 million shares.Guidance excludes IP litigation expenses.Q3 2014 revenue of $144 million and EPS of $0.11 - Thomson Reuters I/B/E/S Estimates.  Full Article

Palo Alto Networks Inc gives Q2 2014 guidance - Conference Call
Monday, 25 Nov 2013 05:30pm EST 

Palo Alto Networks Inc:Sees Q2 2014 revenue to be in the range of $132 million to $136 million.Sees Q2 2014 non-GAAP EPS to be about $0.08 to $0.09 per share.  Full Article

Palo Alto Networks Inc And Vmware Inc Transform Cloud Deployments With Integrated Network Virtualization And Security Solution
Tuesday, 19 Nov 2013 08:00am EST 

Palo Alto Networks Inc and VMware, Inc.announced a partnership backed by a new jointly-developed solution. The integrated solution will enable customers to use the VMware NSX network virtualization platform to automate provisioning and distribution of Palo Alto Networks network security in their software-defined data centers. Recognizing these changing requirements, Palo Alto Networks and VMware have partnered to deliver an integrated solution that combines the Palo Alto Networks VM-Series virtualized security platform with the VMware NSX network virtualization platform. With this joint solution, customers will be able to unify network security across their physical and virtual environments with a single point of management.  Full Article

Palo Alto Networks Inc Issues Q1 2014 Guidance In Line With Analysts' Estimates-Conference Call
Monday, 9 Sep 2013 03:30pm EDT 

Palo Alto Networks Inc announced that for the first quarter of 2014, it expect revenue to be in the range of $118 million to $122 million and expect non-GAAP EPS, excluding the impact of IP litigation expenses, to be approximately $0.07, using 76 million to 78 million shares. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $119 million and EPS of $0.07 for first quarter of 2014.  Full Article

Palo Alto Networks unexpectedly gets low score on firewall test

BOSTON - Palo Alto Networks Inc's flagship next-generation security firewall ranks as the least effective in a new test of such equipment by NSS Labs, results that surprised some analysts because the product is widely considered an industry leader.

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