Analysts published commentary on Palo Alto Networks Inc PANW after the company reported upbeat fiscal first-quarter results. Check out other analyst stock ratings. Goldman Sachs : Palo Alto reported its quarterly revenues 1% above the Street and earnings 6% higher. Management raised their fiscal 2025 guidance for NGS ARR (next-generation security annual recurring revenue) by 2%. Gross margins came in 85 basis points (bps) short of estimates. Calculated billings declined by 14% year-on-year and came around 20% below the Street. "We believe there continues to be good runway for Palo Alto to transition customers to higher performance (and price) attached subscriptions," Borges said in a note. Needham : ARR and revenues are up 40% year-on-year at $4.52 billion and up 14% at $2.14 billion, beating consensus by 3.5% and 1%, respectively. RPOs (remaining performance obligations) grew by 20% year-on-year to $12.6 billion and the company guided for an acceleration to 20%-21% in the second quarter, he added.