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Palo Alto Networks more optimistic about its outlook – 02/23/2022 at 14:30


(AOF) – Palo Alto Networks, a specialist in network security, has unveiled favorable results and outlook. In the second quarter, ending January, of fiscal 2022, the group suffered a net loss of $93.5 million, or -95 cents per share, compared to a net loss of $142.3 million, or 1 $.48 per share, a year earlier. Excluding exceptional items, its earnings per share amounted to 1.74 dollars, exceeding the consensus by 9 cents.

These good results are accompanied by the raising of the annual objectives of the technological firm. It is now targeting revenues between 5.425 and 5.475 billion dollars, representing growth of between 27% and 29%. Adjusted earnings per share are expected to be between $7.23 and $7.30. The consensus is $5.39 billion and $7.23 respectively.

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