© Reuters After-hours movers: Cisco, Palo Alto Networks sink on weaker guidance
After-Hours Stock Movers:
Cisco Systems (NASDAQ:) 11% LOWER; fell after issuing lower second quarter and full year guidance. The company sees Q2 2024 EPS of $0.82-$0.84, versus the consensus of $0.99. Cisco Systems sees Q2 2024 revenue of $12.6-12.8 billion, versus the consensus of $14.19 billion.
Palo Alto Networks (NASDAQ:) 7% LOWER; fell after posting solid first quarter results but issuing second quarter and full year billing guidance below estimates. The company sees Q2 billings in the range of $2.335-$2.385 billion, below the consensus of $2.43 billion.
Juniper Networks, Inc. (NYSE:) 3% LOWER; falls on lower guidance from Cisco
Arista Networks , Inc. (NYSE:) 2% LOWER; falls on lower guidance from Cisco
Zscaler (NASDAQ:) 2% LOWER; falls on billing guidance miss from Palo Alto Networks
CrowdStrike Holdings, Inc. (NASDAQ:) 2% LOWER; falls on billing guidance miss from Palo Alto Networks
Fortinet , Inc. (NASDAQ:) 1% LOWER; falls on billing guidance miss from Palo Alto Networks
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