Palo Alto: Beats forecasts on the top and bottom lines, climbs 7% in the after

by time news

The company’s revenues grew by 27% compared to the corresponding quarter and reached 1.6 billion dollars, this compared to analysts’ expectations for revenues of 1.54 billion dollars. In the bottom line, the company reports a profit of $2.39 per share compared to analysts’ expectations for a profit of $2.28 per share.

The company expects revenues of 1.54 to 1.56 billion dollars in the next quarter and earnings per share that will reach 2.03 to 2.06 dollars per share.

The analyst forecast for 2022 is for revenues of $6.74 billion and earnings per share of $9.27.

At the end of last year, the company registered a significant achievement with its entry into the Nasdaq 100 index at the expense of none other than the competitor’s stock


Check Point
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the veteran In the background, the well-publicized rivalry between the two, mainly from the direction of Palo Alto, which was established by Nir Tzuk, one of Check Point’s first employees.

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