Palo Alto Networks Inc
However, total revenues rose 34 percent year-over-year to $398.1 million, shy of the Street forecast of $400.2 million. The company indicated that it added over 1,500 new customers during the quarter. Billings climbed to $516.9 million from the year-ago's $388 million, trailing estimates.
For the second quarter, the company expects non-GAAP earnings per share of $0.61-$0.63 on revenues of $426 million to $432 million. The guidance was light when compared to the Street forecasts of $0.63 per share in non-GAAP earnings and $438.88 million in revenues.
Despite the off-color revenues and
In sympathy moves, Palo Alto's peers are also trending lower on Tuesday.
At The Time Of Writing
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