Palo Alto Networks tops Q2 earnings estimates

Let's talk about another new repel Olto networks. It is pushing higher by 11% this morning after beating expectations for the second straight quarter. The cybersecurity company seeing revenue and billings each grow 26% year over year. And this really continues the trend that we have seen mostly among cybersecurity, which has stood out above the enterprise software pack with strength and strength in this reporting season. According to Piper Sandler, the quarter ticks all the right boxes. The company continuing to show strong execution. So that seems to be definitely part of the deal here and that companies, clients are sort of buying what they're selling in terms of that cybersecurity needs to be a focus for companies right now.

Yeah, absolutely. And you were mentioning one of the calls there from Piper Sandler. The streets really been active on this name this morning. Wedbush also saying that this is a solid quarter. And of course, Dan Ives, leave it to him to come up with a solid metaphor here. Solid quarter and outlook and Aaron judge like performance here. So for all the Yankees fans out there, price target 210 there, you also got a price target of 220 over at city.

They reaffirmed their buy. They say that it's a healthy beat and the guide was a touch mix, but defensively prudent. And it validates some of the three interrelated dynamics for cyber in calendar year 2023 won't go into all of them, but you're seeing the stock react here on the day net higher by about 11% as of right now. Yeah, and building on some gains of the year, it's up something like 20% now for you to date. Huge year for cyber here. We'll continue to track that. Yeah.

Yeah. Yeah. Yeah. Yeah. Yeah. Yeah.

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