尽管PANW在营收和客户咨询方面基本面增长强劲，但高预期使其股价面临压力。
逐段跳播
好的，我们来谈谈另一家业绩预期很高的公司，那就是Palo Alto Networks。这些股票面临一些压力，但你看，我的意思是，该股今年迄今的表现大约翻了一番。
Okay, let's talk about another one that had high expectations coming into its results, and that's Palo Alto Networks. Those shares are under a little bit of pressure, but look, um I mean, the stock was about double uh year-to-date uh in terms of its performance.
是的，买入价稍高一些，也许涨幅已经反映在股价中，基于我们看到CrowdStrike和Okta上周财报后其股票的表现。它上涨了，对吧？股价略低于历史高点。
Yeah, bought a little bit higher there, and maybe the move was already built into the shares based on the fact of what we saw the uh their stock did after CrowdStrike and Okta earnings last week. It rallied, right? Uh sitting just below record highs,
但营收同比增长34%，略超预期。他们公布的营收为34.1亿美元，预期约为33.5亿美元。所以，略超预期。下一代安全业务的年度经常性收入为91亿美元，同比增长63%。那些剩余履约义务同比增长34%，达到212亿美元。
but revenue was up 34% year-over-year, uh just beat estimates. Um $3.41 billion is what they came in at. Estimates was about $3.35 billion. So, beat a little bit there. Uh next-generation security, the annual recurring revenue, $9.1 billion. That was up 63% year-over-year. And those RPOs, those remaining performance obligations, were up 34% on a year-over-year basis to $21.2 billion.
每股收益比预期高出约7美分，为每股1.2美元。2026财年全年自由现金流利润率达到38.4%。
EPS came in about 7 cents above uh expectations at $1.2 per share. Uh free cash flow margins hit 38.4% uh for the full fiscal year in 2026.
他们确实略微上调了指引，他们预计NGS ARR将大致符合预期。所以，这不是一个惊人的超预期，但我认为最重要的是，Diane，门槛真的很高。
They did slightly raise guidance, uh and they expect n- uh NGS ARR to be about in line. So, this wasn't a spectacular beat, but I think more than anything, Diane, the bar was really high.
但首席执行官确实出来表示，他们本季度收到的询问数量持续增长。我认为超过2000次。上个季度，他们的一些客户关于这些网络安全漏洞以及随着人工智能持续发展的潜在风险的询问大约有1200次。
But the CEO uh did come out and basically state that the amount of inquiries that they had this quarter continues to grow. I think it was over 2,000. Last quarter was about 1,200 inquiries from some of their customers about these cybersecurity breaches and the potential as AI continues to ramp up,
但是的，你不能真正指责Palo Alto发生了什么。我只是觉得这个门槛有点高。
but yeah, you can't really fault what's going on with Palo Alto. I just think the bar is a little bit higher on this one.
这个频道对 $PANW 的历次判断
Schwab Network 在这只股票上共 3 条判断，这里只列相邻的几条。