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Why Palo Alto Networks Just Raised Its Outlook Again

Why Palo Alto Networks Just Raised Its Outlook Again

Investors were worried about Palo Alto Networks' (NASDAQ: PANW) fiscal third-quarter earnings release, but those fears were overblown. Palo Alto's sales trends showed no sign of stress from any slowdown in enterprise spending. "We continue to see success in consolidating share within the enterprise market," CEO Nikesh Arora said in a call with Wall Street analysts.