2-26-19 PANW 125 call options Palo Alto Networks beats by $0.29, beats on revs
2-26-19 Palo Alto Networks beats by $0.29, beats on revs; guides Q3 EPS in-line, revs mostly above consensus; announces $1 bln buyback (235.55 +1.67)
• Reports Q2 (Jan) earnings of $1.51 per share, excluding non-recurring items, $0.29 better than the S&P Capital IQ Consensus of $1.22; revenues rose 30.3% year/year to $711 mln vs the $682.32 mln S&P Capital IQ Consensus. Billings grow 27 percent year over year to $852.5 million.
• Co issues guidance for Q3, sees EPS of 1.23-1.25, excluding non-recurring items, vs. $1.25 S&P Capital IQ Consensus; sees Q3 revs of $697-707 mln vs. $697.37 mln S&P Capital IQ Consensus.
• board of directors authorized a $1.0 billion share repurchase.
• Announced Cortex, the industry’s only open and integrated AI-based continuous security platform, as well as Cortex XDR and Traps 6.0 Endpoint Protection.