Palo Alto Networks Reports Strong Earnings and Announces Stock Split
The cybersecurity firm exceeded revenue and profit expectations, raised its fiscal 2025 outlook, and revealed a 2-for-1 stock split set for December.
- Palo Alto Networks reported $2.14 billion in revenue for Q1 FY2025, a 13.9% year-over-year increase, surpassing analysts' expectations of $2.12 billion.
- Net income rose significantly to $350.7 million, an 80% increase from the prior year, with adjusted earnings per share at $1.56, beating estimates of $1.48.
- The company raised its fiscal 2025 revenue forecast to $9.12–$9.17 billion and adjusted EPS guidance to $6.26–$6.39, reflecting confidence in its growth strategy.
- A 2-for-1 stock split was announced, with shareholders of record on December 12 receiving additional shares, and trading on a split-adjusted basis starting December 16.
- Palo Alto's 'platformization' strategy, which consolidates cybersecurity tools into a unified platform, continues to drive strong financial performance and customer adoption.