By coinnews 
00:00 Speaker A
Well let’s get to earnings from Palo Alto Networks, out with its latest numbers. So let’s talk about them here. The company coming out with their earnings per share, it looks like of 80 cents each. Revenue at $2.29 billion, up 15%, pretty much in line with estimates here. The company’s fourth quarter forecast actually leaves room for it to beat 87 to 89 cents a share in earnings. 87 cents is what analysts have been estimating, so a couple cents to play with there it looks like for the company. And revenue for the full year, it is raising its revenue forecast for the full year to, um, as much as $9.19 billion. They’re bringing up the lower end of that forecast to $9.17 billion. And it also looks like their forecast for the full year earnings per share is above what analysts had been anticipating, Josh.
01:48 Josh Lipton
Yeah, I’m looking at just comments from CEO Nikesh Arora, talking about how in Q3 they continued to make progress on their platformization strategy, achieved an important milestone in crossing $5 billion in next gen security ARR. Talks about how scale, platform breadth makes us a leading consolidator of choice in cyber security. And by the way, when he talks about platformization, what he means is locking customers in long term with different bundling initiatives. Uh, analysts of broadly said, listen, if you looked at this space this earning season, they’ll talk about how cyber results, I mean, they they’ve been volatile, but the results are characterized as broadly solid. Um, the macro not seeming to have a huge impact yet broadly on on the sector. We do see see, though, some initial disappointment, at least down about 3% in the after hours.
03:08 Speaker A
Yeah, exactly. Um, and the shares, by the way, over the past year are up about 20%.