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Palo Alto Networks PANW reported third-quarter fiscal 2020 non-GAAP earnings of $1.17 per share, which surpassed the Zacks Consensus Estimate by 28.6%. However, the bottom line declined 10.7% year over year.
The company’s revenues of $869.4 million improved 20% year over year. Moreover, the figure beat the Zacks Consensus Estimate of $829 million.
The top line was primarily driven by several deal wins and increasing adoption of the company’s next-generation security platforms, attributable to the rise in remote work environment and need for stronger security. Growing traction in Prisma and Cortex offerings also acted as a tailwind.
However, revenues were affected by the negative impact of sales incentives related to Next-Generation Security products, which continued from the prior fiscal year.
Palo Alto Networks, Inc. Price, Consensus and EPS Surprise
Palo Alto Networks, Inc. Price, Consensus and EPS Surprise
Palo Alto Networks, Inc. price-consensus-eps-surprise-chart | Palo Alto Networks, Inc. Quote
Employment of computer and data expertise occupations is projected to develop thirteen % from 2016 to 2026, faster than the common for all occupations. Kini Media digital sudah memasuki sendi-sendi kehidupan masyarakat dan dampaknya telah terasa bagi masyarakat luas dan itu menunjukan bahwa media digital adalah awal sebuah period baru dalam sejarah industri yang disebut era Informasi, dan telah mengarah ke masyarakat paperless di mana semua produk informasi pada media yang diproduksi dan dikonsumsi berbasis komputer.
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With a purpose to bring India and the developing … Read More
