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Monday, November 25, 2019

-=Palo Alto Networks (PANW) reported earnings on Mon 25 Nov 2019 (a/h)

Palo Alto Networks beats by $0.02, reports revs in-line with billings above guidance; guides Q2 revs in-line; reaffirms FY20 revs guidance; increases billings slightly, guides down EPS, impacted by announced acquisition of Aporeto for $150 mln
  • Reports Q1 (Oct) earnings of $1.05 per share, excluding non-recurring items, $0.02 better than the S&P Capital IQ Consensus of $1.03; revenues rose 17.7% year/year to $772 mln vs the $769.34 mln S&P Capital IQ Consensus.
  • Billings increase 18% $897.4 mln vs. $870-890 mln guidance
  • Co issues guidance for Q2, sees EPS of $1.11-1.13, including Aporeto acquisition cost, may not be comparable to $1.30 S&P Capital IQ Consensus; sees Q2 revs of $838-848 mln vs. $844.65 mln S&P Capital IQ Consensus; billings $985-1.0 bln.
  • Co issues guidance for FY20, lowers EPS to $4.90-5.00 from $5.00-5.10, including Aporeto, may not be comparable to $5.07 S&P Capital IQ Consensus; reaffirms FY20 revs of $3.44-3.48 bln vs. $3.47 bln S&P Capital IQ Consensus; raises billings to $4.105-4.165 bln from $4.095-4.155 bln
  • Co is acquiring Aporeto Inc., a machine identity-based microsegmentation company for $150 million in cash Aporeto identifies workloads and applies microsegmentation across all infrastructures, helping customers secure their applications at scale.
  • "Palo Alto Networks' multi-platform approach to security is clearly resonating with our customers. Our Next-Gen Security offerings performed extremely well in our first fiscal quarter, bolstering our confidence in our long-term prospects for Prisma and Cortex."

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