SANTA CLARA, Calif., Sept. 13, 2021 /PRNewswire/ — Palo Alto Networks (NYSE: PANW), the worldwide cybersecurity chief, will host its 2021 Analyst Day occasion as we speak, Monday, September 13, 2021. This webcasted digital occasion will run from 9:30 a.m. Pacific time (12:30 p.m. Japanese time) to roughly 12:30 p.m. Pacific time (3:30 p.m. Japanese time).
Nikesh Arora, chairman and CEO of Palo Alto Networks, together with different members of the manager crew, will present an in-depth evaluation of the corporate’s progress methods, monetary aims, capital allocation framework and long-term targets. A reside Q&A session will observe the presentation.
Throughout the occasion, the corporate will reiterate its steering for the fiscal first quarter of 2022 in addition to the total fiscal 12 months, as shared on August 23, 2021, whereas updating steering for adjusted free money stream margin. For fiscal 12 months 2022, the corporate expects adjusted free money stream margin within the vary of 32% to 33%, up to date from >30% shared on August 23, 2021.
The registration hyperlink for the reside video webcast is accessible from the “Traders” part of the Palo Alto Networks web site at buyers.paloaltonetworks.com. A replay of the webcast can be out there the day following the occasion.
ABOUT PALO ALTO NETWORKS
Palo Alto Networks, the worldwide cybersecurity chief, is shaping the cloud-centric future with know-how that’s remodeling the best way individuals and organizations function. Our mission is to be the cybersecurity companion of selection, defending our digital lifestyle. We assist tackle the world’s biggest safety challenges with steady innovation that seizes the newest breakthroughs in synthetic intelligence, analytics, automation, and orchestration. By delivering an built-in platform and empowering a rising ecosystem of companions, we’re on the forefront of defending tens of hundreds of organizations throughout clouds, networks, and cell units. Our imaginative and prescient is a world the place every day is safer and safer than the one earlier than. For extra info, go to www.paloaltonetworks.com.
This launch comprises sure statements which may be deemed “forward-looking statements” inside the which means of Part 21E of the Securities Alternate Act of 1934. All statements that tackle issues that we or our administration expects or anticipates will or could happen sooner or later are forward-looking statements. The forward-looking statements included on this launch are additionally topic to quite a lot of materials dangers and uncertainties. Such forward-looking statements will not be ensures of future efficiency, and precise outcomes, developments and enterprise selections could differ from these envisaged by such forward-looking statements. We establish the principal dangers and uncertainties that have an effect on our efficiency in our Type 10-Ok and different filings with the Securities and Alternate Fee.
Non-GAAP Monetary Measures and Different Key Metrics
Palo Alto Networks has offered on this press launch monetary info that has not been ready in accordance with usually accepted accounting ideas in the US (GAAP). The corporate makes use of non-GAAP monetary measures and different key metrics internally in analyzing its monetary outcomes and believes that using non-GAAP monetary measures are helpful to buyers as a further device to judge ongoing working outcomes and developments, and in evaluating the corporate’s monetary outcomes with different firms in its business, lots of which current comparable non-GAAP monetary measures.
The presentation of a non-GAAP monetary measure will not be meant to be thought-about in isolation or as an alternative to the comparable GAAP monetary measure and ought to be learn solely together with the corporate’s consolidated monetary statements ready in accordance with GAAP. We’ve got not reconciled adjusted free money stream margin steering to GAAP web money from working actions as a result of we don’t present steering on GAAP web revenue (loss) or web money from working actions and wouldn’t have the ability to current the varied reconciling money and non-cash objects between GAAP and non-GAAP monetary measures, together with share-based compensation expense, with out unreasonable effort. Share-based compensation expense is impacted by the corporate’s future hiring and retention wants and, to a lesser extent, the longer term honest market worth of the corporate’s frequent inventory, all of which is tough to foretell and topic to fixed change.
Traders are cautioned that there are a selection of limitations related to using non-GAAP monetary measures as analytical instruments. Particularly, lots of the changes to the corporate’s GAAP monetary measure displays the exclusion of things which are recurring and can be mirrored within the firm’s monetary outcomes for the foreseeable future, reminiscent of share-based compensation, which is a crucial a part of Palo Alto Networks staff’ compensation and impacts their efficiency. Moreover, non-GAAP monetary measures will not be primarily based on any standardized methodology prescribed by GAAP, and the elements that Palo Alto Networks excludes in its calculation of non-GAAP monetary measures could differ from the elements that its peer firms exclude after they report their non-GAAP outcomes of operations. Palo Alto Networks compensates for these limitations by offering particular info concerning the GAAP quantities excluded from these non-GAAP monetary measures. Sooner or later, the corporate can also exclude non-recurring bills and different bills that don’t mirror the corporate’s core enterprise working outcomes.
Palo Alto Networks and the Palo Alto Networks emblem are logos of Palo Alto Networks, Inc. in the US and in jurisdictions all through the world. All different logos, commerce names, or service marks used or talked about herein belong to their respective homeowners.
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SOURCE Palo Alto Networks, Inc.