Palo Alto Networks reported stronger-than-expected 4Q results on Monday as the COVID-19 pandemic-led work-from-home trend boosted demand for network security products.Palo Alto’s (PANW) 4Q revenues grew 18% to $950.4 million year-on-year, surpassing Street estimates of $924 million. The network security solution provider’s adjusted EPS improved by a penny to $1.48 from $1.47 reported in the year-ago quarter, beating analysts’ expectations of $1.39. Its billings, which reflect future business contracts, surged 32% to $1.4 billion and exceeded the Street forecast of $1.2 billion.Palo Alto’s CEO Nikesh Arora said, “We had a strong finish to our fiscal year, driven by strong execution, …read more
Source:: Yahoo Finance
