We're upping our Palo Alto price target after strong earnings vanquish AI disruption fears
Key points
- Palo Alto Networks reported a strong beat-and-raise quarter Tuesday night, putting to rest any lingering doubt that it will be disrupted by artificial intelligence.
- The stock was volatile in after-hours trading, but considering its blistering rally into earnings, it's not surprising to see this kind of reaction.
- Revenue for the company's fiscal 2026 third quarter increased 31% year over year to $3 billion, exceeding the Wall Street consensus estimate of $2.94 billion, according to LSEG.
- Adjusted earnings per share (EPS) increased 6% to 85 cents in the quarter, ahead of the 80-cent LSEG consensus estimate.
- Shares were roughly flat but volatile in after-hours trading.
Quick Summary
Palo Alto Networks reported a strong beat-and-raise quarter Tuesday night, putting to rest any lingering doubt that it will be disrupted by artificial intelligence. The
Why It Matters
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Key Takeaways
- Palo Alto Networks reported a strong beat-and-raise quarter Tuesday night, putting to rest any lingering doubt that it will be disrupted by artificial intelligence.
- The stock was volatile in after-hours trading, but considering its blistering rally into earnings, it's not surprising to see this kind of reaction.
- Revenue for the company's fiscal 2026 third quarter increased 31% year over year to $3 billion, exceeding the Wall Street consensus estimate of $2.94 billion, according to LSEG.
- Adjusted earnings per share (EPS) increased 6% to 85 cents in the quarter, ahead of the 80-cent LSEG consensus estimate.
- Shares were roughly flat but volatile in after-hours trading.
📌 Source: CNBC
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