Palo Alto reported fiscal third-quarter revenue of $1.985 billion, which beat analyst estimates of $1.967 billion, according to Benzinga Pro. The cybersecurity company's top-line results were up 15% on a year-over-year basis. Palo Alto reported adjusted earnings of $1.32 per share, which beat analyst estimates of $1.25 per share.
On Monday, Palo Alto Networks (NASDAQ: PANW) shares plunged upon its fiscal third quarter report that failed to impress due to a conservative guidance.