-=Palo Alto Networks (PANW) reported earnings on Mon 25 Nov 2019 (a/h)

Palo Alto Networks beats by $0.02, reports revs in-line with billings above guidance; guides Q2 revs in-line; reaffirms FY20 revs guidance; increases billings slightly, guides down EPS, impacted by announced acquisition of Aporeto for $150 mln

Reports Q1 (Oct) earnings of $1.05 per share, excluding non-recurring items, $0.02 better than the S&P Capital IQ Consensus of $1.03; revenues rose 17.7% year/year to $772 mln vs the $769.34 mln S&P Capital IQ Consensus.

Billings increase 18% $897.4 mln vs. $870-890 mln guidance

Co issues guidance for Q2, sees EPS of $1.11-1.13, including Aporeto acquisition cost, may not be comparable to $1.30 S&P Capital IQ Consensus; sees Q2 revs of $838-848 mln vs. $844.65 mln S&P Capital IQ Consensus; billings $985-1.0 bln.

Co issues guidance for FY20, lowers EPS to $4.90-5.00 from $5.00-5.10, including Aporeto, may not be comparable to $5.07 S&P Capital IQ Consensus; reaffirms FY20 revs of $3.44-3.48 bln vs. $3.47 bln S&P Capital IQ Consensus; raises billings to $4.105-4.165 bln from $4.095-4.155 bln

Co is acquiring Aporeto Inc., a machine identity-based microsegmentation company for $150 million in cash Aporeto identifies workloads and applies microsegmentation across all infrastructures, helping customers secure their applications at scale.

"Palo Alto Networks' multi-platform approach to security is clearly resonating with our customers. Our Next-Gen Security offerings performed extremely well in our first fiscal quarter, bolstering our confidence in our long-term prospects for Prisma and Cortex."

Earnings this week : Nov 25 - 29, 19 (wk 48)

Monday (Nov 25)

• Morning: JEC
• Afternoon: A AMBA BECN CAL GBDC HPE MTSC NTNX PANW PVH SR

Tuesday (Nov 26)

• Morning: ANF AMWD ADI BNS BBY BITA BURL CHS CBRL DKS DLTR DY EV HRL MOMO MOV TECH TITN
• Afternoon: ADSK BOX CENT DELL GES HPQ KEYS QADA VEEV VMW

Wednesday (Nov 27)

• Morning: DAKT DE DOYU FRO UXIN

Thursday (Nov 28)

• Holiday (Thanksgiving)

Friday (Nov 29) 

Stock market will close early at 1:00 p.m. on Friday, November 29, 2019 (the day after Thanksgiving).

• none

-=Palo Alto Networks (PANW) reported earnings on Mon 20 November 2017 (a/h)

Palo Alto Networks beats by $0.06, beats on revs; guides Q2 EPS above consensus, revs in-line; guides FY18 EPS above consensus, revs in-line; Appoints new CFO 

• Reports Q1 (Oct) earnings of $0.74 per share, excluding non-recurring items, $0.06 better than the Capital IQ Consensus of $0.68; revenues rose 27.0% year/year to $505.5 mln vs the $489.36 mln Capital IQ Consensus.
  • Billings increased 15% y/y to $596 mln, guidance was $580-600 mln.
• Co issues guidance for Q2, sees EPS of $0.78-0.80, excluding non-recurring items, vs. $0.77 Capital IQ Consensus Estimate; sees Q2 revs of $518-528 mln vs. $519.73 mln Capital IQ Consensus Estimate.
  • Total Billings expected in the range of $640-655 mln.
• Co issues guidance for FY18, sees EPS of $3.35-3.41, excluding non-recurring items, vs. $3.30 Capital IQ Consensus Estimate; sees FY18 revs of $2.145-2.185 bln vs. $2.15 bln Capital IQ Consensus Estimate.
  • Total Billings in the range of $2.650-2.710 bln.
• New CFO
  • This afternoon, the company announced the appointment of Kathy Bonanno as the company's next chief financial officer. Ms. Bonanno has held senior finance positions at Palo Alto Networks since 2014 and, most recently, had responsibility for financial planning, treasury, enterprise risk management and facilities. 

=Palo Alto Networks (PANW) reported earnings on Thur 31 August 2017 (a/h)

Palo Alto Networks beats by $0.13, beats on revs; guides Q1 EPS in-line, revs in-line; guides FY18 EPS in-line, revs in-line; CFO Tomlinson retires

• Reports Q4 (Jul) earnings of $0.92 per share, $0.13 better than the Capital IQ Consensus of $0.79; revenues rose 27.0% year/year to $509 mln vs the $487.53 mln Capital IQ Consensus.
  • Fiscal fourth quarter billings grow 17 percent year over year to $670.8 million;
  • Deferred revenue grows 43 percent year over year to $1.8 billion.
• CFO Retires
  • "Also, Steffan Tomlinson, our chief financial officer, has informed me of his intent to retire from his position. I would like to thank Steffan for his contributions to Palo Alto Networks and his leadership role in guiding the company through a period of tremendous growth and market share gains. We are initiating a search for his replacement, and Steffan will remain in his current position until the search is completed."
• Co issues in-line guidance for Q1, sees EPS of $0.67-0.69, excluding non-recurring items, vs. $0.68 Capital IQ Consensus Estimate; sees Q1 revs of $482-492 mln vs. $486.91 mln Capital IQ Consensus Estimate.
  • Product revenue in the range of $170 to $173 million, representing year-over-year growth between 4 percent and 6 percent.
  • Total billings in the range of $580 to $600 million, representing year-over-year growth between 12 percent and 16 percent.
• Co issues in-line guidance for FY18, sees EPS of $3.24-3.34, excluding non-recurring items, vs. $3.27 Capital IQ Consensus Estimate; sees FY18 revs of $2.125-2.165 bln vs. $2.13 bln Capital IQ Consensus Estimate.
  • Product revenue in the range of $735 to $750 million, representing year-over-year growth between 4 percent and 6 percent.
  • Total billings in the range of $2.64 to $2.70 billion, representing year-over-year growth between 15 percent and 18 percent.

=Palo Alto Networks (PANW) reported earnings on Wed 31 May 2017 (a/h)

Palo Alto Networks delivers strong Q3 results

• The security company said it added customers at a rapid clip and upped its outlook.

Security company Palo Alto Networks delivered a strong fiscal third quarter that handily topped expectations.

The company reported a net loss of $60.9 million, or 67 cents a share, on revenue of $431.8 million, up 25 percent from a year ago. Non-GAAP earnings were 61 cents a share.

Wall Street was looking for fiscal third quarter earnings of 55 cents a share on revenue of $412 million.

In a statement, CEO Mark McLaughlin said the company added the "second highest number of new customers in the company's history."

As for the outlook, the company said it expects revenue between $481 million and $491 million with earnings of 78 cents a share to 80 cents a share on a non-GAAP basis. Wall Street was expecting earnings of 74 cents a share on revenue of $485 million.

=Palo Alto Networks (PANW) earnings on Mon 21 Nov 2016 (a/h)

Palo Alto Networks beats by $0.03, reports revs in-line; guides Q2 EPS in-line, revs below consensus :

• Reports Q1 (Oct) earnings of $0.55 per share, $0.03 better than the Capital IQ Consensus of $0.52; revenues rose 34.0% year/year to $398.1 mln vs the $400.38 mln Capital IQ Consensus.
  • Billings grew 33% y/y to $516.9 bln (Q2 increased 45% y/y)
• Co issues guidance for Q2, sees EPS of $0.61-0.63, excluding non-recurring items, vs. $0.63 Capital IQ Consensus Estimate; sees Q2 revs of $426-432 mln vs. $439.28 mln Capital IQ Consensus Estimate.

=Palo Alto Networks (PANW) reported earnings Thur 26 May 2016 (a/h)

Palo Alto Networks reports EPS in-line, beats on revs; guides Q4 EPS in-line, revs in-line:

• Reports Q3 (Apr) earnings of $0.42 per share, excluding non-recurring items, in-line with the Capital IQ Consensus of $0.42; revenues rose 47.7% year/year to $345.8 mln vs the $339.86 mln Capital IQ Consensus.
  • Co issues in-line guidance for Q4, sees EPS of $0.48-0.50, excluding non-recurring items, vs. $0.50 Capital IQ Consensus Estimate; sees Q4 revs of $386-390 mln vs. $389.16 mln Capital IQ Consensus Estimate.
• Fiscal third quarter billings grow 61% year over year to $486.2 million
• Fiscal third quarter cash flow from operations grows 95% year over year to $170.1 million, and free cash flow grows 95% year over year to $150.8 million

=Palo Alto Networks (PANW) reported earnings Thur 25 Feb 2016 (a/h)

For its fiscal second quarter ended Jan. 31, Palo Alto reported 40 cents earnings per share ex items on $334.7 million in sales, up 110.5% and 54%, respectively, vs. the year-earlier quarter. Both metrics topped the consensus view for 39 cents and $318.3 million.

Sales and EPS growth, however, decelerated for the second consecutive quarter.

Billings Surge To Undercut EPS

During Q2, Palo Alto reported record billings growth of 62% year over year to $459 million, vs. consensus expectation for $417 million, Needham analyst Scott Zeller wrote in a research report.

Zeller maintained his buy rating but cut his price target on Palo Alto Networks stock to 171 from 202. Palo Alto Networks isn’t a “fad” in security, but the company will likely face some challenges in continuing billings acceleration, he wrote.

Billings accelerated on 2,000 added customers and a 68% jump in subscription sales to $84.3 million. But Palo Alto Networks is a “victim of its own success,” Pacific Crest analyst Rob Owens wrote in a report.

Palo Alto Networks cut its fiscal 2016 operating margin guidance to 18%-19% vs. earlier views for 22%-25%, noting commissions on subscription sales will impact sales-and-marketing expenses. Those expenses jumped by $16 million sequentially in Q2.

“The upshot is strong free cash flow and free cash flow margin,” Owens wrote. The company expects 40% free cash flow margin in Q3, suggesting fiscal 2016 free cash flow should reach $730 million, according to Zeller.

Palo Alto Networks (PANW) reported earnings Mon 23 Nov 15 (a/h)

** charts before earnings **

 

** charts after earnings **

 

Palo Alto Networks beats by $0.03, beats on revs; guides Q2 EPS in-line, revs above consensus  :

• Reports Q1 (Oct) earnings of $0.35 per share, excluding non-recurring items, $0.03 better than the Capital IQ Consensus of $0.32; revenues rose 54.4% year/year to $297 mln vs the $284.49 mln Capital IQ Consensus.
• Deferred revenue grew 71% y/y to $804.5 million
• Billings increased 61% y/y to $388 mln.
• Improved non-GAAP operating leverage both sequentially and year-over-year. This resulted in cash flow from operations of $146.7 million and free cash flow of $127.2 million.
• Co issues guidance for Q2, sees EPS of $0.38-0.39, excluding non-recurring items, vs. $0.38 Capital IQ Consensus Estimate; sees Q2 revs of $314-318 vs. $310.81 mln Capital IQ Consensus Estimate.