Why Palo Alto Networks Stock Is Soaring Today

Shares of Palo Alto Networks (NASDAQ: PANW) are spiking on Tuesday, up 4.8% as of 12:12 p.m. ET. The jump comes as the S&P 500 and Nasdaq Composite have lost 0.4% and 1%, respectively.Palo Alto Networks, the dominant cybersecurity company, reported its year-end and fourth-quarter earnings, beating Wall Street's targets and signaling strong growth ahead.The company's Q4 revenue jumped 16% year over year, reaching $2.54 billion. It earned an adjusted $0.95 per share, beating Wall Street's target of $0.88 per share for the quarter.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool