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

Check out Seeking Alpha’s new Earnings Center »

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs