Why CrowdStrike, Zscaler and Okta stocks are rising after hours
Shares of several cybersecurity companies are trading higher in Monday's after-hours session after shares of Palo Alto Networks Inc PANW surged on better-than-life financial results expected from the company. Palo Alto also issued strong guidelines and announced a three-for-one stock split.
CrowdStrike Holdings Inc CRWD, Zscaler Inc ZS and Okta Inc OKTA are among the cybersecurity stocks moving after hours.
PANW revenue: $1.55 billion above estimate of $1.54 billion PANW EPS: $2.39, down 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 analysts' average estimate of $1.54 billion of dollars. The company expects annual revenue of between $6.85 billion and $6.9 billion, compared to an average analyst estimate of $6.74 billion.
Palo Alto also announced that its Board of Directors has approved and declared a three-for-one stock split in the form of a stock dividend. Check-in date is September 6th. Trading is expected to begin on an allocation-adjusted basis on September 14.
See also: After Hours Alert: Why Palo Alto Networks Stock Is Rising
CRWD, ZS, OKTA Price Action: CrowdStrike rose 2.91% after hours, while Zscaler rose 1.81% and Okta rose 2.91% 1.72%.
Photo: Pete Linforth from Pixabay.
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Shares of several cybersecurity companies are trading higher in Monday's after-hours session after shares of Palo Alto Networks Inc PANW surged on better-than-life financial results expected from the company. Palo Alto also issued strong guidelines and announced a three-for-one stock split.
CrowdStrike Holdings Inc CRWD, Zscaler Inc ZS and Okta Inc OKTA are among the cybersecurity stocks moving after hours.
PANW revenue: $1.55 billion above estimate of $1.54 billion PANW EPS: $2.39, down 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 analysts' average estimate of $1.54 billion of dollars. The company expects annual revenue of between $6.85 billion and $6.9 billion, compared to an average analyst estimate of $6.74 billion.
Palo Alto also announced that its Board of Directors has approved and declared a three-for-one stock split in the form of a stock dividend. Check-in date is September 6th. Trading is expected to begin on an allocation-adjusted basis on September 14.
See also: After Hours Alert: Why Palo Alto Networks Stock Is Rising
CRWD, ZS, OKTA Price Action: CrowdStrike rose 2.91% after hours, while Zscaler rose 1.81% and Okta rose 2.91% 1.72%.
Photo: Pete Linforth from Pixabay.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Ad Disclosure: Rate information is obtained by Bankrate from listed institutions. Bankrate cannot guarantee the accuracy or availability of the rates shown above. Institutions may have different rates on their own websites than those displayed on Bankrate.com. The listings that appear on this page are from companies that this website receives compensation from, which may impact how, where and in which order products appear. This table does not include all companies or products available.
All rates are subject to change without notice and may vary by location. These quotes are from banks, savings and credit unions, some of which have paid for a link to their own websites where you can find additional information. Those who have a paid link are our advertisers. Those without a paid link are listings we obtain to enhance consumers' shopping experience and are not advertisers. To receive the Bankrate.com rate from an advertiser, please identify yourself as a Bankrate customer. Bank and savings deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.
Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its advertisers' terms through its quality assurance process and requires advertisers to agree our terms and conditions and to adhere to our Quality Control Program. If you believe you have received an inaccurate quote or are unhappy with the services provided to you by the establishment you have chosen, please click here.
Rates and Criteria Collection: Click here for more information on Rates and Criteria Collection.
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