Palo Alto Networks Inc (NASDAQ:PANW) on Tuesday reported better-than-expected fourth-quarter financial results and issued strong FY27 guidance.
Palo Alto posted fourth-quarter revenue of $3.41 billion, beating analyst estimates of $3.35 billion. The cybersecurity company reported adjusted earnings of $1.02 per share for the quarter, beating estimates of 98 cents per share, according to Benzinga Pro.
"We delivered a strong Q4 to close out the year, adding nearly $1 billion of Net New NGS ARR in a single quarter," said Nikesh Arora, chairman and CEO of Palo Alto Networks.
Palo Alto expects first-quarter revenue to be in the range of $3.30 billion to $3.31 billion versus estimates of $3.22 billion. The company anticipates first-quarter adjusted earnings between 96 cents and 98 cents per share versus estimates of 93 cents per share.
Palo Alto also introduced fiscal 2027 guidance. The company expects full-year revenue of $14.10 billion to $14.20 billion versus estimates of $13.79 billion, and adjusted earnings of $4.16 to $4.19 per share versus estimates of $4.11 per share.
Palo Alto also announced the acquisition of Console, an AI-native platform that enables agentic capabilities.
Palo Alto shares fell 1.2% to $357.90 in pre-market trading.
These analysts made changes to their price targets on Palo Alto following earnings announcement.
- BTIG analyst Gray Powell maintained the stock with a Buy and raised the price target from $380 to $404.
- Rosenblatt analyst Catharine Trebnick maintained the stock with a Buy and raised the price target from $355 to $415.
- Morgan Stanley analyst Meta Marshall maintained the stock with an Overweight rating and boosted the price target from $387 to $394.
Considering buying PANW stock? Here’s what analysts think:
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