Palo Alto Networks Inc(NYSE:PANW) has released its first public equity at last July and by this time, as declared by company representative that its stocks are doing extremely well and have already surpassed the market expectation. It has reached at fiscal fourth-quarter profit and its security software has been widely accepted by market.
Palo Alto Networks Inc. is a company dealing with IT solution and IT industry related services. The company is based at California, Santa Clara, has posted net loss of $4.6 million, or 18 cents increase in per share book value. In this last quarter of the same year the company incurred almost 40 cents/per stock value. Recently, these stocks have earned 3%/per share on the basis of commercial adjust basis at the latest expectation value of the stocks.
Palo Alto's income increased 88% to $75.6 million from $40.2 million. The company has assured that it has added more than 1,000 new clients by this period. This special end of the period brings its whole patrons calculate to more than 9,000.
Mark McLaughlin, the CEO of the said company has declared that the company with its aggressive outpacing policy has clearly displayed the demo power of the technology dealt by the said company.
Palo Alto inc has made firewall technology that for the cyber protection form. The company has declared that as its clients are asking options for learning latest ways to shield their networks by giving a great twist in making the random application use, by performing social networking and latest cloud computing.
The quarter beat the prospect of analysis polled by FactSet, who predicted that Palo Alto inc may break even on a platform of accustomed earnings per stock basis with calculated revenue of $71.3 million.
Shares of PANW plunged 7% on Tuesday.