Palo Alto Networks ARR growth may not accelerate further, Bernstein says
Bernstein says Palo Alto Networks reported better-than-expected annual recurring revenue growth in fiscal Q4, but the next-generation security recurring revenue growth may be harder to accelerate further.
Palo Alto Networks notched better-than-expected annual recurring revenue growth in the fiscal fourth quarter, though the software group may struggle to accelerate the growth rate further, Bernstein analysts write.
Growth in recurring revenue for its next-generation security products increased by 1…