Seeking Alpha

Palo Alto issues mixed FQ1 guidance, shares turn positive

  • Palo Alto (PANW) expects FQ1 revenue of $118M-$122M and EPS of $0.07 vs. a consensus of $119.1M and $0.08.
  • The company strikes a fairly upbeat tone about FY14 overall, and predicts it will end the fiscal year with op. margins in the low double digits.
  • Analysts are probing Palo Alto about the impact of recent salesforce changes; the company insists all is well.
  • Like many young U.S.-based enterprise tech companies, Palo Alto remains very dependent on U.S. sales. 62% of FQ4 revenue came from the Americas, 22% from EMEA, and 16% from Asia-Pac.
  • FQ4 billings totaled $142.3M (+51% Y/Y) vs. revenue of $112.4M. Palo Alto claims an 85%+ renewal rate for its security services. Demand for the company's new WildFire malware protection platform (deployed as a cloud service) is said to be in-line with expectations.
  • Shares +0.9% AH.
  • Previous: FQ4 results, details

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