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Palo Alto Networks Sees Q4 Adj. EPS $1.37-$1.40 vs $1.30 Est., Sales $915M-$925M vs $915.91M Est.; Sees FY20 Adj. EPS $4.78-$4.81 vs $4.48 Est., Sales $3.373B-$3.383B vs $3.33B Est.

Co. Q4 Guidance: Total billings in the range of $1.190 billion to $1.210 billion, representing year-over-year growth of between 13% and 14%. Total revenue in the range of $915 million to $925 million, representing

Benzinga · 05/21/2020 20:17

Co. Q4 Guidance:

  • Total billings in the range of $1.190 billion to $1.210 billion, representing year-over-year growth of between 13% and 14%.
  • Total revenue in the range of $915 million to $925 million, representing year-over-year growth between 14% and 15%.
  • Diluted non-GAAP net income per share in the range of $1.37 to $1.40, which incorporates approximately $8 million of net expense, or $0.06 per share, related to the acquisition of CloudGenix, using 96.0 million to 98.0 million shares.

Co. FY20 Guidance

  • Total billings in the range of $4.102 billion to $4.122 billion, representing year-over-year growth of 18%.
  • Total revenue in the range of $3.373 billion to $3.383 billion, representing year-over-year growth between 16% and 17%.
  • Diluted non-GAAP net income per share in the range of $4.78 to $4.81, using 98.0 million to 100.0 million shares.
  • Adjusted free cash flow margin of approximately 27% - 28%, which excludes cash flow associated with the additional investment in our headquarters in Santa Clara and a cash payment associated with a litigation-related settlement.