Why Palo Alto Networks Stock Surged Almost 19% in February

Shares of Palo Alto Networks (NASDAQ: PANW) rocketed 18.7% in February, according to data provided by S&P Global Market Intelligence. Driving the cybersecurity stock's rally was its strong fiscal second-quarter results. 

In the second quarter, the global cybersecurity leader's revenue soared 26% to $1.7 billion. Operating income and adjusted free cash flow rose 55% to $377 million and $685 million, respectively.

The company also reported $1.05 per share of adjusted earnings, which was 81% above the year-ago level. Earnings were also $0.28 per share ahead of Palo Alto's guidance and $0.27 per share above the analysts' consensus estimate.

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Source Fool.com