5 Takeaways from Palo Alto Networks' Upbeat Earnings Report and Call
Summary
Like a few other enterprise tech firms reporting this week , Palo Alto Networks ( PANW ) posted a pretty solid set of top-line numbers.As is the case for other enterprise tech firms depending heavily on subscriptions that are billed for one or more years but for which revenue is recognized just a quarter at a time, Palo Altos free cash flow (FCF) is well above its net income.On the call, Arora stated Palo Alto plans to launch "a new super-scale next generation firewall" in early 2019 thats built specifically for the needs of service providers.The purchase follows a $300 million deal earlier this year to buy Evident, a provider of solutions for analyzing security and compliance risks for cloud deployments."The new offering will help security teams better understand their cloud deployments, detect a response faster to the most critical threats and achieve automated remediation," Arora asserted.
