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Palo Alto Networks Inc (PANW.N)

PANW.N on New York Stock Exchange

242.36USD
22 Mar 2019
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Latest Key Developments (Source: Significant Developments)

Palo Alto Networks Inc - On February 22, 2019, Company's Board Of Directors Approved Repurchase Of Up To $1.0 Billion Of Company's Common Stock
Tuesday, 26 Feb 2019 04:42pm EST 

Feb 26 (Reuters) - Palo Alto Networks Inc ::PALO ALTO NETWORKS INC - ON FEBRUARY 22, 2019, COMPANY'S BOARD OF DIRECTORS APPROVED REPURCHASE OF UP TO $1.0 BILLION OF COMPANY'S COMMON STOCK.PALO ALTO NETWORKS INC - REPURCHASE AUTHORIZATION WILL BE FUNDED FROM AVAILABLE WORKING CAPITAL.  Full Article

Palo Alto Networks Reports Fiscal First Quarter 2019 Results
Thursday, 29 Nov 2018 04:15pm EST 

Nov 29 (Reuters) - Palo Alto Networks Inc ::PALO ALTO NETWORKS REPORTS FISCAL FIRST QUARTER 2019 FINANCIAL RESULTS.Q1 NON-GAAP EARNINGS PER SHARE $1.17.Q1 GAAP LOSS PER SHARE $0.41.Q1 REVENUE $656 MILLION VERSUS REFINITIV IBES ESTIMATE OF $631.9 MILLION.Q1 EARNINGS PER SHARE ESTIMATE $1.05 -- REFINITIV IBES DATA.SEES Q2 2019 NON-GAAP EARNINGS PER SHARE $1.20 TO $1.22.SEES Q2 2019 REVENUE $675 MILLION TO $685 MILLION.SEES Q2 2019 REVENUE UP 24 TO 26 PERCENT.QTRLY DEFERRED REVENUE GROWS 34 PERCENT YEAR OVER YEAR TO $2.4 BILLION.  Full Article

Palo Alto Networks Inc Says CEO Nikesh Arora's 2018 Total Compensation Was $125.1 Million
Monday, 22 Oct 2018 06:35pm EDT 

Oct 22 (Reuters) - Palo Alto Networks Inc ::PALO ALTO NETWORKS INC SAYS CEO NIKESH ARORA'S 2018 TOTAL COMPENSATION WAS $125.1 MILLION – SEC FILING.PALO ALTO NETWORKS INC - CEO NIKESH ARORA'S 2018 COMPENSATION INCLUDES STOCK AWARDS OF $59.7 MILLION & OPTION AWARDS OF $65 MILLION.PALO ALTO NETWORKS INC - FORMER CEO MARK MCLAUGHLIN'S 2018 COMPESNATION WAS $14.4 MILLION VERSUS $10.4 MILLION IN 2017.  Full Article

Palo Alto Networks Announces Intent To Acquire Redlock
Wednesday, 3 Oct 2018 08:15am EDT 

Oct 3 (Reuters) - Palo Alto Networks Inc ::PALO ALTO NETWORKS ANNOUNCES INTENT TO ACQUIRE REDLOCK.PALO ALTO NETWORKS INC - DEAL FOR APPROXIMATELY $173 MILLION IN CASH TO ACQUIRE REDLOCK.PALO ALTO NETWORKS INC - REDLOCK CO-FOUNDERS, VARUN BADHWAR AND GAURAV KUMAR, WILL JOIN PALO ALTO NETWORKS.PALO ALTO NETWORKS INC- DEAL FOR $173 MILLION IN CASH.  Full Article

Palo Alto Networks Enters Into Credit Agreement With Citibank N.A.
Thursday, 6 Sep 2018 04:29pm EDT 

Sept 6 (Reuters) - Palo Alto Networks Inc ::PALO ALTO NETWORKS INC - ON SEPTEMBER 4, 2018 CO ENTERED INTO CREDIT AGREEMENT WITH CITIBANK N.A. - SEC FILING.PALO ALTO NETWORKS INC - AGREEMENT PROVIDES FOR AN UNSECURED REVOLVING LOAN FACILITY IN AN INITIAL AGGREGATE PRINCIPAL AMOUNT OF $400.0 MILLION.  Full Article

Palo Alto Networks Announces Proposed $1.5 Bln Offering
Monday, 9 Jul 2018 06:16am EDT 

July 9 (Reuters) - Palo Alto Networks Inc ::PALO ALTO NETWORKS, INC. ANNOUNCES PROPOSED $1.5 BILLION OFFERING OF CONVERTIBLE SENIOR NOTES DUE 2023.PALO ALTO NETWORKS INC -EXPECTS TO USE A PORTION OF NET PROCEEDS OF OFFERING OF NOTES TO PAY COST OF CONVERTIBLE NOTE HEDGE TRANSACTIONS.  Full Article

Palo Alto Networks Names Nikesh Arora As New CEO
Friday, 1 Jun 2018 05:35pm EDT 

June 1 (Reuters) - Palo Alto Networks Inc ::Q3 REVENUE $567.1 MILLION VERSUS I/B/E/S VIEW $546.1 MILLION.CURRENT CEO AND CHAIRMAN OF BOARD MARK MCLAUGHLIN TO BECOME VICE CHAIRMAN OF BOARD..NAMED NIKESH ARORA AS ITS NEW CHIEF EXECUTIVE OFFICER AND CHAIRMAN OF BOARD OF DIRECTORS.IN FISCAL Q3 BILLINGS GREW 33 PERCENT YEAR OVER YEAR TO $721.0 MILLION.  Full Article

Palo Alto Networks Announces Intent To Acquire Secdo
Tuesday, 10 Apr 2018 08:05am EDT 

April 10 (Reuters) - Palo Alto Networks Inc ::PALO ALTO NETWORKS ANNOUNCES INTENT TO ACQUIRE SECDO.TERMS OF ACQUISITION WERE NOT DISCLOSED..ENTERED DEFINITIVE AGREEMENT TO ACQUIRE ISRAEL-BASED SECDO .  Full Article

Palo Alto Networks Q1 non-gaap earnings per share $0.74
Monday, 20 Nov 2017 04:10pm EST 

Nov 20 (Reuters) - Palo Alto Networks Inc ::Palo Alto Networks reports fiscal first quarter 2018 financial results.Q1 non-gaap earnings per share $0.74.Q1 gaap loss per share $0.70.Q1 revenue $505.5 million versus I/B/E/S view $489 million.Q1 earnings per share view $0.69 -- Thomson Reuters I/B/E/S.Sees Q2 2018 non-gaap earnings per share $0.78 to $0.80.Sees FY 2018 non-gaap earnings per share $3.35 to $3.41.Sees FY 2018 revenue $2.145 billion to $2.185 billion.Sees FY 2018 revenue up 22 to 24 percent.Sees Q2 2018 revenue $518 million to $528 million.Sees Q2 2018 revenue up 23 to 25 percent.Palo Alto Networks Inc - ‍announced appointment of Kathy Bonanno as company's next chief financial officer​.Q2 earnings per share view $0.77, revenue view $519.9 million -- Thomson Reuters I/B/E/S.FY 2018 earnings per share view $3.32, revenue view $2.15 billion -- Thomson Reuters I/B/E/S.  Full Article

Palo Alto Networks revenue, profit beat Street estimates

Cybersecurity company Palo Alto Networks Inc topped Wall Street estimates for revenue and profit on Tuesday, aided by better-than-expected growth in its product business, sending its shares up 6 percent.