Palo Alto Networks Shares Surge 7% Following Q1 Beat
<p><a href='https://financialmodelingprep.com/financial-summary/PANW'>Palo Alto Networks (NASDAQ:PANW)</a> shares gain nearly 7% on Friday following the company’s reported Q1 results, with EPS of $0.83 coming in better than the Street estimate of $0.69. Revenue was $1.6 billion, beating the Street estimate of $1.55 billion.</p>
<p>Impressive operating margin upside reflects management pushing hard on profitability given the backdrop and was accompanied by fiscal year operating margin and free cash flow raises. </p>
<p>According to the analysts at Deutsche Bank, this was a good quarter for the company, or a great quarter when considering the environment and recent disappointments from respectable peers.</p>
<p>The company expects Q2/23 EPS to be in the range of $0.76-$0.78, compared to the Street estimate of $0.71, and revenue in the range of $1.63-1.66 billion, compared to the Street estimate of $1.65 billion.</p>
<p>For fiscal 2023, the company expects EPS in the range of $3.37-$3.44, compared to the Street estimate of $3.17, and revenue in the range of $6.85-6.91 billion, compared to the Street estimate of $6.87 billion.</p>

NASDAQ:PANW