BUZZ-PREVIEW: Palo Alto Networks dips ahead of earnings

Palo Alto Networks, Inc.

Palo Alto Networks, Inc.

PANW

0.00

** Palo Alto Networks PANW.O shares dip 1.7% on Tuesday ahead of quarterly results after the bell, with investors watching for strong growth to justify the co's elevated valuation and record-high stock price

** The cybersecurity co is expected to report quarterly revenue up 29% at $2.94 bln and adj. EPS of $0.80, flat from a year ago, as per LSEG data

** The stock on Monday hit a record high and has jumped about 60% YTD, far outpacing the 16% rise in the Nasdaq .IXIC

** Shares recently traded at 76x forward earnings, well above the co's five-year avg PE of 52x, as per LSEG data


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