From Nasdaq: 2024-11-22 09:01:00

Palo Alto Networks, Inc. (PANW) exceeded market expectations for Q1 fiscal 2025, reporting non-GAAP earnings of $1.56 per share, up 13% YoY, and revenues of $2.14 billion, driven by strong growth in subscription and support revenues.

Subscription and Support revenues accounted for 83.5% of total revenues, reaching $1.79 billion, with NGS ARR hitting $4.52 billion, up 40% YoY, showcasing Palo Alto Networks’ platformization success and growth in cloud-native security.

The global cybersecurity market is set to expand to $424.97 billion by 2030, providing ample growth opportunities for PANW, which has invested in emerging technologies like AI and automation to maintain market leadership.

Palo Alto Networks’ platformization strategy focuses on ARR growth, offering a stable revenue stream and attracting investors. Consensus estimates predict continued double-digit growth in revenues and earnings, positioning the company for sustained success in the cybersecurity sector.

Palo Alto Networks is a strong buy for long-term growth, with innovative solutions and partnerships driving success in the competitive cybersecurity landscape. Investors can capitalize on PANW’s strength and market leadership, supported by its Zacks Rank #2 (Buy).



Read more at Nasdaq: Should You Buy Palo Alto Networks Stock Post Strong Q1 Earnings?