Overview
- The company, which reported results Tuesday night, posted adjusted EPS of $0.85 versus $0.80 expected and revenue of $3.0 billion, a 31% year-over-year increase that beat consensus.
- Organic revenue excluding acquisitions rose 14%, while Palo Alto said accelerating organic bookings helped drive the beat alongside contributions from recent deals.
- CyberArk, which closed in February for about $25 billion, and the Chronosphere purchase materially lifted headline growth as management absorbs multiple acquisitions.
- Order backlog climbed 36% to $18.4 billion and Next-Generation Security annual recurring revenue expanded about 60% year-over-year, giving the company contracted revenue visibility.
- Management raised fourth-quarter and full-year guidance, analysts boosted price targets, and shares spiked over 10% after hours then pared gains as investors weighed integration costs and whether higher bookings will convert into sustained wins.