Palo Alto Networks (PANW, Financial) experienced a notable increase of over 2.8% in its stock price, reaching a peak of $404. The rise follows the release of its first-quarter earnings for fiscal year 2025, which reported a 14% year-over-year revenue growth to $2.14 billion, surpassing analysts' expectations of $2.12 billion. The adjusted earnings per share came in at $1.56, exceeding the anticipated $1.48.
The company's subscription and support business saw a revenue increase of 16.2% year-over-year, reaching $1.79 billion. Reflecting its strong performance, Palo Alto Networks has revised its full-year revenue outlook to a range of $9.12 billion to $9.17 billion, aligning with the analysts' forecast of $9.13 billion.
Additionally, Palo Alto Networks' board has approved a 2-for-1 stock split, which is expected to take effect on December 16. This move is likely to make the stock more accessible to a broader range of investors.
