Overview
- Analysts expect adjusted EPS of $1.10 on roughly $1.3 billion in revenue for the quarter, pointing to about 23% year-over-year growth.
- Options pricing signals a move of roughly 7% in either direction by week’s end once the results are out.
- Shares are down about 18% this year after worries that AI tools could erode cybersecurity subscriptions, including an 8% drop on Feb. 20 following Anthropic’s code-scanning tool launch.
- Subscription ARR stood at $4.92 billion last quarter, up 23% year over year and about 95% of revenue, with record net new ARR and early Falcon Flex uptake driving faster expansion cycles despite only 1–3% penetration.
- Wells Fargo initiated coverage at Overweight with a $450 target, Piper Sandler is Overweight at $520, DA Davidson maintains Buy with a $425 target, Jefferies flagged potential upside to consensus, and broader tracking shows a Moderate Buy with an average target near $510.