Palo Alto Networks' shares rose 12% in Monday's premarket trading after reporting strong fourth-quarter earnings. Palo Alto Networks announced adjusted quarterly earnings per share of $1.44, surpassing the Refinitiv analyst consensus of $1.28. Although the company fell short of revenue expectations with $1.95 billion compared to an expected $1.96 billion for the quarter ending July 31, it highlighted a 26% revenue growth compared to the same period the previous year. Analysts commended the company's robust results and multi-year guidance, highlighting the absence of drastic changes or downgrades in growth expectations. Bank of America increased its price target from $270 to $290, attributing the strong guidance and results to the company's unconventional earnings release timing.