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Palo Alto Networks reported better-than-expected quarterly results and issued upbeat guidance for the current period. The cybersecurity software vendor said Nir Zuk, who founded the company in 2005, is retiring from his role as chief technology officer.

The stock rose about 5% in extended trading.

Here's how the company did compared to LSEG estimates:

Earnings: 95 cents adjusted vs. 88 cents expected

Revenue: $2.54 billion vs. $2.5 billion expected.

Revenue in the fiscal fourth quarter rose 16% from about $2.2 billion last year, the company said in a statement . Net income fell to about $254 million, or 36 cents per share, from about $358 million, or 51 cents per share, in the year-ago period.

The c

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