Palo Alto Networks beats quarterly earnings estimates, acquires AI platform Console

Palo Alto Networks said on Tuesday it beat fourth-quarter earnings estimates.

The company posted fourth-quarter revenue of $3.41 billion, beating analysts' average estimate of $3.35 billion, according to data compiled by LSEG.

Adjusted profit per share came in at $1.02, ahead of estimates of 98 cents.

Palo Alto Networks forecast fiscal 2027 revenue of between $14.10 billion and $14.20 billion, above analysts' estimate of $13.79 billion.

The company forecast fiscal 2027 adjusted profit per share of between $4.16 and $4.19, above estimates of $4.11.

Palo Alto Networks announced the acquisition of Console, an AI-native platform designed to help organizations use AI-driven analysis and action across enterprise operations.

CEO Nikesh Arora said the acquisition will allow customers to "build agentic workflows in natural language" that can automatically flag and remediate issues.

The company said advances in artificial intelligence are making cybersecurity a higher priority for corporate technology leaders, as companies deploy AI at scale and face new security risks.