Why Palo Alto Networks Shares Rose 20% Last Month
Shares of Palo Alto Networks (NYSE: PANW) gained 19.7% in May, according to data from S&P Global Market Intelligence. The network security specialist closed out the month with a fantastic third-quarter earnings report.
Palo Alto reported Q3 earnings of $1.17 per share on $869 million in sales, far ahead of Wall Street's estimates of $0.93 per share and $829 million, respectively. Top-line sales increased by 20% year over year.
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Source Fool.com
