Palo Alto Networks Inc (PANW.N)
Cyber security firm Palo Alto Networks Inc forecast current-quarter revenue and profit below analysts' estimates, sending its shares down 3 percent in extended trading on Tuesday.
Aug 30 Cyber security firm Palo Alto Networks Inc forecast current-quarter revenue and profit below analysts' estimates, sending its shares down 3 percent in extended trading on Tuesday.
Aug 30 Palo Alto Networks Inc's quarterly revenue jumped 41 percent as spending by companies and governments on cyber security stayed strong after a spate of major attacks in the past few years.
Palo Alto Networks Inc forecast fourth-quarter revenue and an adjusted profit that disappointed Wall Street, overshadowing the cyber security company's better-than-expected 48 percent jump in third-quarter revenue.
* Peers FireEye, Fortinet also trade lower (Adds forecast details; updates shares)
* Q4 earnings per share view $0.50, revenue view $389.5 million -- Thomson Reuters I/B/E/S
May 26 Palo Alto Networks Inc reported a 47.7 percent jump in quarterly revenue as it gained new customers for its cyber security products, particularly in its burgeoning services unit.
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