PANW shares gained 9% today after strong earnings

Shares of Palo Alto Networks Inc (PANW) are trading 9% higher at a price of $554.59 at the time of this writing. While it's a pessimistic day for the Information Technology sector in general, the stock is rapidly surpassing it's peers.

- PANW reported strong quarterly and fiscal year results
- Revenue of $1.55 billion grew 27%, products 20%, and services 30%
- Board declared a 3:1 stock split, to take effect on September 14th
- GAAP net income was $3.3 million, or 3 cents/share (compared to loss of $119.3 million, or $1.23/share last year)
- Adjusted earnings were $2.39/share (compared to $1.60/share last year)

Palo Alto Networks Inc has been trading between a 52-week high of $640.9 and a 52-week low of $419.4. The stock has a market cap of $55.3 Billion.

Palo Alto Networks, the global cybersecurity leader, is shaping the cloud-centric future with technology that is transforming the way people and organizations operate. Its mission is to be the cybersecurity partner of choice, protecting the digital way of life. The Company helps address the world's greatest security challenges with continuous innovation that seizes the latest breakthroughs in artificial intelligence, analytics, automation, and orchestration.

As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

guychillinathome - 5 upvotes - source
No bc it’s always a penny stock & never anything interesting like cloud sec earnings or AI platform tickers anymore ;( DT ZS CRWD PANW

PerformerNo4354 - 4 upvotes - source
Bought some panw calls cus I read lots of inshtitutional investers own it. They shure do know how to pick ‘em! Yeehaw 🤠

Legitimate_Action761 - 3 upvotes - source
Panw had great earnings. Crwd, zs both up off of that

deeGreatZambini - 3 upvotes - source
We might... depends on PANW results tonight. If NVDA shits the bed on Wed... even after the downgraded guidance... we're going to 4k pretty fucking quick.

IRunFast24 - 2 upvotes - source
PANW

Electronic_Sail_8626 - 2 upvotes - source
PANW pleaseeee

IRunFast24 - 2 upvotes - source
Go PANW Go!

dayvieee - 2 upvotes - source
Panw to 600 tomorrow, crwd to 200

dopefienddave - 2 upvotes - source
just got 3 PANW 590c, 9/9 expiration, this is gravely retarded, right?

southtampatrader - 1 upvotes - source
PANW calls earnings at 4:30