Palo Alto Networks’ Q3 Preview
<p>RBC Capital analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/PANW'>Palo Alto Networks, Inc. (NASDAQ:PANW)</a> ahead of Q3 earnings results, expected to be reported on May 19.</p>
<p>Following strong Q2 results and continued favorable security trends through the quarter, the analysts anticipate strong Q3 results driven by NGS and a firewall refresh that still remains in the early innings. </p>
<p>The analysts believe the results continue to elude impact from supply chain concerns, though accelerating demand trends could result in building backlog. The analysts look for full 2022-year guidance to move slightly higher, focusing on NGS ARR growth vs. +70% in Q2/22 and net-new ARR vs. $166 million in Q2/22 that was +98%.</p>

NASDAQ:PANW