Is Palo Alto Stock a Buy After Issuing Robust Outlook?

Palo Alto Networks reports $3 billion in Q3 revenue, 31% year over year, exceeding $2.941 billion forecast. The company achieved 31% growth in service revenue to $2.41 billion and 31% growth in product revenue to $594 million. CyberArk and Chronosphere contributed $388 million in revenue and $1.6 billion in ARR. SASE ARR rose 40% to over $1.6 billion, XSIAM ARR doubled to over $600 million, and Prisma AIRS customer count tripled quarter over quarter.