Palo Alto Networks (PANW) posted better-than-expected fiscal 2025 first-quarter results and announced a 2-for-1 stock split after the bell Wednesdaಞy.

The cybersecurity company reported $2.14 billion in revenue for the quarter, up from $1.88 billion a year ago and just above the $2.12 billion 澳洲幸运5官方开奖结果体彩网:consensus estimate of analysts compiled by Visible Alpha. Profit of $350.7 million jumped more than 80% and easily topped the expected $272.1 million.

澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) Nikesh Arora said the company notes that its customers are realizing 澳洲幸运5官方开奖结果体彩网:its "platformization" strategy of consolidating and bundling services to boost sales is "the game changer that will solve security and enable better AI outcomes."

Wedbush analysts, while maintaining an "outperform" rating and $400 price target, said they believe the company's "efforts on platformization are just beginning to hit its stride as it generates a more stable pipeline of platformization deals with cloud penetration still acting as a major driver going forward."

Palo Alto Jᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚoining Walmart, Nvidia, Chipotle With Stock Split This ꦅYear

Palo Alto Networks also announced a 澳洲幸运5官方开奖结果体彩网:stock split that will make it the latest company to do so this year, joining the 澳洲幸运5官方开奖结果体彩网:likes of Walmart (WMT), 澳洲幸运5官方开奖结果体彩网:Chipotle Mexican Grill (CMG), and Nvidia (NVDA). Companies 澳洲幸运5官方开奖结果体彩网:perform stock splits for a variety of reasons,𓃲 including making their share price more accessible to a wider range of investors and increasing tradi🅺ng activity on their stock.

Palo Alto Networks soon will double its exiဣsting number of shares with a 2-for-1 split, meaning shareholders of record as of Dec. 12 will receive an additional share for each one they own after the market closes Dec. 13. The new number of shares and halved price will take effect Dec. 16.

The company also lifted its full-year outlook for fiscal 2025, with revenue expected between $9.12 billion to $9.17 billion, up from $9.10 billion to $9.15 billion previously. Adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) are seen between $6.26 to $6.39, up from $6.18 to $6.31.

Palo Alto shares recently were up 1.4% at $398.46 Thursday, ro꧂ughly 35% above where﷽ they started the year.