Shares of cybersecurity company Palo Alto Networks, Inc. (PANW) are rising more than 14% Monday morning after reporting improved fourth-quarter earnings, better than the consensus estimates. The company's full-year outlook also came in above analysts' view.
Net income for the fourth quarter was $227.7 million, or $0.64 per share significantly higher than $3.3 million, or $0.01 per share in the same quarter a year ago.
Excluding one-time items, earnings were $482.5 million, or $1.44 per share, that beat the average estimate of analysts polled by Thomson-Reuters of $0.93 per share.
Revenue for the quarter grew 26% year over year to $2.0 billion.
For the full year, the company expects revenue in the range of $8.15 billion - $8.20 billion. Adjusted income per share for the year is expected in the range of $5.27 - $5.40.
Analysts expect the company to report earnings of $4.27 per share on revenue of $6.9 billion for the year.
PANW is at $240.34 currently. It has traded in the range of $132.22 - $258.88 in the last 52 weeks.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.