Palo Alto Networks (PANW) Stock: Why Wall Street Ignored the Q1 Beat
TLDR Palo Alto Networks beat Q1 expectations with 93 cents EPS vs 89 cents estimated and $2. 47 billion revenue vs $2. 46 billion expected. Stock fell 3% after hours following announcement of $3. 35 billion Chronosphere acquisition at 21x annual recurring revenue. Company raised full-year revenue forecast to $10. 50-$10. 54 billion and EPS guidance to $3. 80-$3. 90 per share. [.] The post Palo Alto Networks (PANW) Stock: Why Wall Street Ignored the Q1 Beat appeared first on Blockonomi.