In addition to the headline numbers, here are three other factors to keep in mind when Palo Alto reports after Monday's market close.
Palo Alto cut its 2024 full-year guidance for revenue and billings during quarterly results in February because of its pivot to "platformization," or bundling its products and services.
Shares of Palo Alto nosedived 28% in the session following the Feb. 20 release.
PANW YTD mountain Palo Alto Networks (PANW) year-to-date performance 2.
As for other competitors, the case for companies to give Palo Alto their business just keeps getting stronger.
Persons:
Jeff Marks, Palo, Nikesh Arora, it's, Jim Cramer, Wells Fargo, Evercore, CrowdStrike, Arora, we've, Jim Cramer's, Jim, Chris Jung
Organizations:
Palo Alto Networks, Wall, Palo Alto, Palo, billings, Palo Alto nosedived, Barclays, Alto, Investors, CNBC, Mobile, Congress, Fira, Barcelona, Getty
Locations:
Palo Alto, Palo, billings, Barcelona, Spain