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Customers seek wiggle room to pay for cybersecurity, despite ‘unprecedented’ level of attacks, Palo Alto Networks says

Por: MarketWatch Politics November 16, 2023

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Palo Alto Networks said it expected total billings of between $10.7 billion and $10.8 billion, compared with a forecast given in August for $10.9 billion to $11 billion. The company considers billings a key metric that factors in subscription and support revenue. Management held to its full-year forecast for $8.15 billion to $8.20 billion in sales. But it raised its adjusted profit forecast to $5.40 to $5.53 a share. Shares fell 5% after... + full article



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