TMTB: PANW CSCO First takes

Calls still ongoing….

PANW (-7%) revs beat but billings miss of $2.02 below street at $2.07 and bogeys of $2.10-$2.12. Billings guide of $2.34-2.39b (15-18%) was also below street at $2.41B and bogey of 18%-19%.

PANW reported revenue/EPS of $1.88b/$1.38 vs. Street at $1.84b/$1.16. Next gen security ARR of $3.23b was slightly ahead of Street at $3.11b.

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