Palo Alto Networks reports earnings beat, says founder Nir Zuk retiring from company
1. PANW reported better-than-expected earnings and revenue for the quarter. 2. Nir Zuk, founder, retires; Lee Klarich is appointed CTO. 3. Stock rose approximately 6% in post-market trading after earnings report. 4. Upbeat guidance issued exceeds Wall Street estimates for next quarter. 5. Company plans $25 billion acquisition of CyberArk, its largest deal ever.