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Palo Alto Networks (PANW) guides on its FQ3 call for FQ4 revenue of $106M-$110M and EPS of...

Palo Alto Networks (PANW) guides on its FQ3 call for FQ4 revenue of $106M-$110M and EPS of $0.06, below a consensus of $113.7M and $0.07. In spite of the guidance and revenue miss (blamed on macro), management is staying upbeat, touting PANW's firewall share gains and strong subscriptions/renewal rates for security services. Palo Alto claims the lifetime value of a top-25 customer is now 14.1x the customer's initial purchase, up from 11.4x in FQ2. Shares -14.9% AH. (FQ3: I, II)
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