• Q2 Revenue: $1.66 billion beat estimates of $1.65 billion
• Q2 EPS: $1.05 beat estimates of $0.78

"Our focus on driving profitable growth is reflected in our Q2 results. As a result, we are raising our cash flow margin and operating profitability targets as we remain focused on driving efficiency in our business," said Dipak Golechha, chief financial officer of Palo Alto Networks.

Palo Alto sees fiscal third-quarter revenue in a range of $1.695 billion to $1.725 billion versus estimates of $1.74 billion. The company expects third-quarter adjusted earnings to be in a range of 90 cents to 94 cents per share versus estimates of 78 cents per share.

Palo Alto expects full-year revenue to be in a range of $6.85 billion to $6.91 billion versus estimates of $6.89 billion. The company sees full-year adjusted earnings between $3.97 and $4.03 per share versus estimates of $3.42 per share.

Analyst Assessment: 

Related Link: Palo Alto Networks Gets Price Target Bumps By Analysts After Upbeat Q2 Earnings

PANW Price Action: Palo Alto has a 52-week high of $213.63 and a 52-week low of $132.22.

The stock was up 9.19% at $182.22 at the time of writing, according to Benzinga Pro.

Photo: joffi from Pixabay.