Shares of several cybersecurity companies are trading higher in Monday’s after-hours session after Palo Alto Networks Inc PANW shares jumped on the company’s better-than-expected financial results. Palo Alto also issued strong guidance and announced a three-for-one stock split.
CrowdStrike Holdings Inc CRWD, Zscaler Inc ZS and Okta Inc OKTA are among the cybersecurity-related stocks moving after hours.
- PANW Revenue: $1.55 billion beat estimate of $1.54 billion
- PANW EPS: $2.39, up from $1.60 year-over-year.
Palo Alto said it expects fiscal first-quarter revenue to be between $1.535 billion and $1.555 billion versus average analyst estimates of $1.54 billion. The company expects full-year revenue to be between $6.85 billion and $6.9 billion versus average analyst estimates of $6.74 billion.
Palo Alto also announced that its board approved and declared a three-for-one stock split in the form of a stock dividend. The record date is set as Sept. 6. Trading is expected to begin on a split-adjusted basis on Sept. 14.
CRWD, ZS, OKTA Price Action: CrowdStrike was up 2.91% in after hours, while Zscaler was up 1.81% and Okta was up 1.72%.
Photo: Pete Linforth from Pixabay.
Image and article originally from www.benzinga.com. Read the original article here.