This Cybersecurity Stock Isn't Done Soaring Yet
Palo Alto Networks (NYSE: PANW) is one of the top cybersecurity stocks that money can buy. The cybersecurity specialist has built up a consistent record of delivering high growth rates and that consistency showed last month when the company released its fiscal 2021 first-quarter earnings report.
Let's see how Palo Alto's quarterly report (for the three-month period ending Oct. 31) unfolded and what the bigger picture looks like for this tech company.
Palo Alto Networks' revenue jumped 23% year over year to $946 million in the first quarter, easily beating the $921.7 million Wall Street estimate. Adjusted earnings increased from $1.05 per share in the prior-year period to $1.62 per share last quarter, well ahead of the analysts' consensus estimate of $1.33 per share.
Source Fool.com
