Palo Alto Networks (PANW) Stock: Why Wall Street Ignored the Q1 Beat

TLDR Palo Alto Networks beat Q1 expectations with 93 cents EPS vs 89 cents estimated and $2.47 billion revenue vs $2.46 billion expected. Stock fell 3% after hours following announcement of $3.35 billion Chronosphere acquisition at 21x annual recurring revenue. Company raised full-year revenue forecast to $10.50-$10.54 billion and EPS guidance to $3.80-$3.90 per share. [...]

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