Palo Alto Networks Q4 Loss Widens

(RTTNews) - Palo Alto Networks, Inc. (PANW) reported a net loss for the fourth quarter of $32.1 million or $0.41 per share, compared to a net loss of $15.8 million or $0.22 per share for the year-ago quarter.

Excluding items, adjusted net income for the fourth quarter was $9.1 million or $0.11 per share, compared to $5.5 million or $0.07 per share in prior year quarter.

Total revenue for the fourth quarter rose 59% to a record $178.2 million from $112.4 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.11 per share on revenue of $161.25 million for the fourth quarter. Analysts' estimates typically exclude special items.

Looking forward to the first quarter, Palo Alto Networks forecasts total revenue in the range of $178 to $182 million and adjusted earnings per share of about $0.12. Analysts currently expect the company to earn $0.12 per share on revenue of $173.90 million for the first quarter.