Mythos · Anthropic · Agentic AI · CNBC Technology
Palo Alto Networks tops quarterly estimates on AI demand, continues acquisition spree
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Palo Alto Networks surpassed fiscal fourth-quarter estimates as mounting artificial intelligence risks boost demand for its cybersecurity tools.
Key facts
- Palo Alto issued upbeat guidance, expecting $3.30 billion to $3.31 billion in revenue for the first quarter, topping an analyst estimate of $3.22 billion
- For the full year, the company forecasted between $14.10 billion and $14.20 billion in revenue and adjusted EPS of $4.16 to $4.19
- Revenue jumped 34% during the quarter from $2.54 billion a year ago, the company said
- Arora said Palo Alto has held over 2,000 customer briefings, up from the roughly 1,200 it disclosed last quarter, in the wake of the Anthropic Mythos launch
Summary
Shares dipped about 2% in extended trading, following a 5% drop during the regular session. Earnings per share: $1.02 adjusted vs. 98 cents expected. Revenue jumped 34% during the quarter from $2.54 billion a year ago, the company said. The acceleration of AI attacks is forcing customers to build better and faster cyber defenses, CEO Nikesh Arora told CNBC.