Palo Alto Networks reported strong quarterly results, with earnings of 95 cents per share and revenue of $2.54 billion, beating expectations. Founder Nir Zuk is stepping down as CTO. The stock rose 6% in after-hours trading. The company also provided upbeat guidance for future earnings.

For the fiscal first quarter, Palo Alto expects earnings per share of 88-90 cents, surpassing estimates. Full-year revenue is projected to be between $10.48 billion and $10.53 billion, with adjusted earnings of $3.75 to $3.85 per share. Remaining purchase obligations for the first quarter are estimated to be $15.4 to $15.5 billion.

Palo Alto Networks recently announced plans to acquire CyberArk for $25 billion, the largest deal in the company’s history. CEO Nikesh Arora expressed confidence in the team’s ability to handle the new challenge. The stock has experienced a 3% decline this year and has not yet recovered previous highs. Lee Klarich will replace Zuk as CTO.

Read more at CNBC: Palo Alto (PANW) earnings Q4 2025