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Palo Alto Stock Stages Turnaround on Strong Earnings Post-CyberArk Deal
Palo Alto Stock Stages Turnaround on Strong Earnings Post-CyberArk Deal
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BTCCSquare news:
Palo Alto Networks (PANW) delivered a much-needed rebound after weeks of market skepticism surrounding its acquisition of CyberArk. The cybersecurity firm reported Q4 revenue of $2.54 billion, a 16% year-over-year increase that surpassed analyst expectations. Adjusted EPS outperformed consensus estimates by 7.3%, while backlog grew 24% to $15.8 billion—demonstrating sustained demand for security solutions.
Investors responded favorably, sending shares up 5% in after-hours trading. This marks a stark reversal from the 10% plunge following the initial CyberArk deal announcement. The transaction, valued at a significant premium, remains a focal point for market observers as integration risks persist.
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