Palo Alto Networks Expected to Post Higher Revenue — Earnings Preview

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By Denny Jacob

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Palo Alto Networks Inc. is scheduled to report its third-quarter earnings after the market closes on Thursday. Here’s what you need to know:

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ADJUSTED EARNINGS: The network security solutions provider is expected to report adjusted earnings of $1.68 a share, according to FactSet.

REVENUE: The Santa Clara, Calif.-based company is expected to log $1.36 billion in revenue, up from $1.07 billion in the year-ago period, according to FactSet.

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NET INCOME: Palo Alto Networks is expected to post a loss of $113.1 million for the third quarter, compared to a loss of $145.1 million a year earlier, according to FactSet.

WHAT TO WATCH:

–DEMAND: As companies issue guidance on whether employees should return to the office, continue working from home or operate in a hybrid format, demand for Palo Alto Networks’s cybersecurity offerings will be closely watched as more and more businesses start their transitions. Chief Executive Nikesh Arora said in a second-quarter earnings call that the company hasn’t seen any changes in information technology spending patterns or a slowdown in companies investing in IT systems.

–PARTNERSHIPS: Mr. Arora may offer guidance on any developments regarding potential partnerships. He said on the company’s prior earnings call that the company is having more “significant partnership conversations” that encompass its entire offering, but noted they are in the early stages.
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Write to Denny Jacob at [email protected]

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Credit: www.marketwatch.com /

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