[New post] Palo Alto revenue forecast beats as cyber security spending rises

sskarthik posted: "(Reuters) - Cyber security company Palo Alto Networks Inc forecast first-quarter revenue well above Wall Street estimates as companies and governments spend more to protect their networks amid sophisticated cyber attacks. The maker of firewalls that preve" Respond to this post by replying above this line New post on SKarthik.info Palo Alto revenue forecast beats as cyber security spending rises by sskarthik (Reuters) - Cyber security company Palo Alto Networks Inc forecast first-quarter revenue well above Wall Street estimates as companies and governments spend more to protect their networks amid sophisticated cyber attacks. The maker of firewalls that prevent data breaches and block malware and viruses also reported better-than-expected fourth-quarter revenue and profit on Wednesday. The company's shares rose about 6 percent in extended trading. Palo Alto said it expected an adjusted profit of 31-32 cents per share and revenue of $280 million-$284 million for the current quarter ending October. ... Read more... sskarthik | September 10, 2015 at 2:37 am | Categories: Computers and Internet | URL: http://wp.me/p1eKZE-3j7v Comment    See all comments Unsubscribe to no longer receive posts from SKarthik.info. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://sskarthik.wordpress.com/2015/09/10/palo-alto-revenue-forecast-beats-as-cyber-security-spending-rises/ Thanks for flying with WordPress.com