By Kuldip K. Ambastha
Palo Alto Networks, Inc. (PANW) is a leading cybersecurity company with a worldwide client list. On Tuesday, August 24, 2021, the company’s stock had a +18.6% gain for the trading day. This return was the best trading day return ever seen for the stock of Palo Alto Networks. An impressive earnings announcement for the company was the cause of this gain. Earnings, sale revenues, billings, adjusted net income, operating margin, and free cash flow figures for the company all exceeded the consensus estimates of Wall Street equity research analysts. In a dangerous world, the future of Palo Alto Networks may be bright due to the strong demand for cybersecurity tools to prevent ransomware and other potentially expensive hacking attacks. Strong demand may lead to more growth for the company going forward.
Keywords – Palo Alto Networks, Inc., Palo Alto Networks, PANW, technology, tech, cybersecurity, return, earnings, sales revenues, billings, adjusted net income, operating margin, free cash flow, ransomware, hacking, dangerous, danger.
Disclosure – The principals and clients of Ambastha Financial LLC have no positions in PANW.
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