0
IT

Palo Alto sees higher Q3 after lower-than-expected revenues in Q2

Tuesday 25 February 2020 | 09:19 CET | News
Always wanted to know everything about the Dutch Telecoms market? Then the online Masterclass Introduction Dutch Telecom market is for you! Please enroll here!
Palo Alto Networks approved a USD 1 billion accelerated share buyback transaction after reporting a mixed set of results for its fiscal second quarter to end January. Revenues came under forecast, even though they rose 15 percent year-on-year to USD 816.7 million, but adjusted diluted earnings per share went higher than expected to USD 1.19, off from the year before's 1.51. The company had guided for revenues of USD 838-848 million and adjusted diluted EPS at USD 1.11-1.13.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Internet / IT
Companies: Palo Alto Networks
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Palo Alto Networks buys Crypsis Group, reports better-than-forecast Q4, FY

Published 25 Aug 2020 09:25 CET | World
The company said The Crypsis Group's security consulting and forensics capabilities will strengthen Cortex XDR's ability to ...

Palo Alto Networks updates firewall with machine learning

Published 17 Jun 2020 14:37 CET | World
Palo Alto Networks has introduced its next-general firewall powered by machine learning. The firewall proactively assists in ...

Palo Alto lifts FY profit forecast after better-than-expected Q3

Published 22 May 2020 10:33 CET | World
Palo Alto Networks reported stronger-than-expected results for its fiscal third quarter to end April. CEO Nikesh Arora spoke a ...

Deloitte inks new cybersecurity deal with Palo Alto Networks

Published 08 May 2020 12:30 CET | Africa
Deloitte has announced a new partnership with Palo Alto Networks to expand its managed security services portfolio for customers ...

Palo Alto Networks acquires CloudGenix for around USD 420 million

Published 31 Mar 2020 15:24 CET | World
Global cyber security company Palo Alto Networks has signed a definitive agreement to acquire cloud SD-WAN specialist CloudGenix ...

Atos adds managed service powered by Palo Alto Networks' cloud security platform

Published 28 Jan 2020 13:04 CET | World
ICT group Atos has launched a Cloud Security Posture Management (CSPM) service to assist clients in the detection of ...

US SEC charges former Palo Alto employee, friends of making millions from insider trading

Published 19 Dec 2019 09:56 CET | United States
The US Securities and Exchange Commission (SEC) has accused a former employee of Palo Alto Networks of making millions of dollars ...

Samsung opens Palo Alto Samsung Experience Store

Published 13 Dec 2019 11:39 CET | United States
Samsung said it opened its 4th Samsung Experience Store in Palo Alto's Stanford Shopping Center. The first three Samsung ...

Palo Alto buys new cloud security firm, sees higher revenues ahead after lower-than-expected Q1

Published 26 Nov 2019 09:35 CET | World
Palo Alto Networks reported lower than expected results for its fiscal first quarter to end October, though revenues did rise 18 ...

Palo Alto Networks, Europol expand collaboration efforts on cybercrime

Published 24 Oct 2019 17:35 CET | Europe
Palo Alto Networks and Europol entered into a memorandum of understanding (MoU) that expands their collaboration efforts to ...

Palo Alto Networks to acquire Zingbox for IoT security

Published 05 Sep 2019 10:39 CET | World
Palo Alto Networks has announced another acquisition, alongside better-than-expected quarterly results. The company entered into ...

Palo Alto Networks names English as new CMO

Published 18 Jul 2019 19:57 CET | World
Palo Alto Networks appointed marketing veteran Jean English to the position of chief marketing officer (CMO). She will assume the ...

Palo Alto Networks to acquire Twistlock, PureSec to boost cloud security offer

Published 30 May 2019 09:00 CET | World
Under the terms of the agreement, Palo Alto Networks will pay USD 410 million in cash, subject to adjustments, to acquire ...

Palo Alto Networks appoints two new members to BoD

Published 16 Apr 2019 09:28 CET | United States
Palo Alto Networks appointed Lorraine Twohill, chief marketing officer at Google, and the John Key, former member of Parliament ...

Palo Alto unveils USD 1 bln share buyback authorisation after beating guidance in Q2

Published 27 Feb 2019 15:21 CET | World
Palo Alto Networks announced a new USD 1 billion share buyback authorisation after beating expectations for its second quarter to ...

Palo Alto Networks introduces AI-based security data platform Cortex

Published 26 Feb 2019 15:53 CET | World
Palo Alto Networks announced a new AI-based security platform called Cortex. Deployed on a scalable public could platform, Cortex ...

Palo Alto Networks to acquire SOAR specialist Demisto for USD 560 mln

Published 19 Feb 2019 14:09 CET | World
Palo Alto Networks announced that it has entered into a definitive agreement to acquire Demisto, a company active in the security ...

Palo Alto Networks partners with British Columbia, IBM Canada to launch cyber-security High School Program

Published 05 Feb 2019 19:07 CET | Canada
Palo Alto Networks introduced its Palo Alto Networks Cybersecurity Academy to high school students in Canada. Introduced in ...





Calendar   /   Industry Events

26 Oct Harmonic Q3 2020
26 Oct Alphabet Q3 2020
26 Oct Twilio Q3 2020
26 Oct CCW Europe 2020
27 Oct Akamai Technologies Q3 2020
27 Oct Megacable Q3 2020
27 Oct Microsoft fiscal Q1
27 Oct A10 Networks Q3 2020
27 Oct Juniper Networks Q3 2020
27 Oct Siminn Q3 2020
27 Oct Sequans Communications Q3 2020
27 Oct Telefonica Brasil Q3 2020
28 Oct Telefonica Deutschland Q3 2020
28 Oct Equinix Q3 2020
28 Oct 8x8 fiscal Q2
28 Oct Ooredoo Q3 2020
28 Oct ZTE Q3 2020
28 Oct Belden Q3 2020
28 Oct Extreme Networks fiscal Q1
28 Oct KPN Q3 2020
28 Oct Telecoms World Asia 2020
28 Oct Cognizant Q3 2020
29 Oct Facebook Q3 2020
29 Oct Telefonica Q3 2020
29 Oct Digital Realty Q3 2020
29 Oct Ribbon Communications Q3
29 Oct Fortinet Q3 2020
29 Oct Corning Q3 2020
29 Oct Spotify Q3 2020
29 Oct CyrusOne Q3 2020
::: More Calendar Items