Palo Alto Networks Surges on Impressive Q4 Earnings

Palo Alto Networks (PANW) Stock Surges Nearly 9% After Impressive Earnings Release

Palo Alto Networks (PANW) stock experienced a substantial boost of almost 9% in after-hours trading on Friday, following an unexpectedly timed earnings release from the cybersecurity firm. This decision to announce fourth-quarter earnings after the market close on the final day of trading for the week initially caused worry among investors. However, the fears were offset by the fact that Palo Alto reported adjusted earnings of $1.44 per share for the quarter ending July 31, which exceeded analyst expectations of $1.29 per share.