5 Reasons to Buy Palo Alto Networks' Post-Earnings Dip
Palo Alto Networks' (NYSE: PANW) stock recently dipped after the company posted its second-quarter earnings. Its revenue rose 25% year over year to $1.02 billion, beating estimates by $24 million, as its billings increased 22% to $1.2 billion. Its adjusted net income increased 28% to $154.2 million, or $1.55 per share, which also cleared expectations by 12 cents.
Those headline numbers looked solid, but some investors seemed eager to take profits after the stock price advanced more than 50% over the past 12 months. That might be a sensible move in this frothy market, but I believe investors should actually buy the dip, for five simple reasons.
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Source Fool.com
