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Palo Alto Networks (PANW) Is Suring After Strong Q1 Report

Palo Alto Networks (PANW) reported first quarter non-GAAP EPS of $0.74 after the close Monday, up from $0.55 a year ago. Analysts expected EPS of $0.69. The company expects to report second quarter EPS of $0.78 to $0.80 and full year EPS of $3.35 to $3.41. Street expectations are for EPS of $0.77 and $3.32.

The company also revealed that Kathy Bonanno has been appointed as its next Chief Financial Officer.

Palo Alto Networks has gapped open sharply higher Tuesday morning and is now up 11.85 at $154.38. The stock has leaped to nearly a 9-month high.

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