Analysts Anticipate Palo Alto Networks Inc (PANW) to Announce -$0.42 EPS

Analysts expect that Palo Alto Networks Inc (NYSE:PANW) will report earnings of ($0.42) per share for the current fiscal quarter, Zacks reports. Twelve analysts have provided estimates for Palo Alto Networks’ earnings. The lowest EPS estimate is ($0.49) and the highest is ($0.34). Palo Alto Networks reported earnings of ($0.86) per share in the same quarter last year, which would suggest a positive year over year growth rate of 51.2%. The firm is scheduled to announce its next earnings results on Thursday, May 25th.

On average, analysts expect that Palo Alto Networks will report full-year earnings of ($1.28) per share for the current financial year, with EPS estimates ranging from ($1.46) to ($0.92). For the next fiscal year, analysts forecast that the business will report earnings of ($0.97) per share, with EPS estimates ranging from ($1.69) to ($0.14). Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Palo Alto Networks.

Palo Alto Networks (NYSE:PANW) last issued its earnings results on Tuesday, February 28th. The network technology company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.01. The company had revenue of $422.60 million for the quarter, compared to analysts’ expectations of $429.91 million. Palo Alto Networks had a negative net margin of 16.83% and a negative return on equity of 35.75%. The firm’s revenue was up 26.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.40 earnings per share.

Several equities analysts have commented on the company. BMO Capital Markets increased their price target on Palo Alto Networks from $150.00 to $160.00 and gave the company a “market perform” rating in a report on Monday, February 27th. William Blair downgraded Palo Alto Networks from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 1st. Royal Bank of Canada lowered their price target on Palo Alto Networks from $170.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, March 1st. First Analysis downgraded Palo Alto Networks from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $175.00 to $120.00 in a report on Wednesday, March 1st. Finally, Wunderlich downgraded Palo Alto Networks from a “buy” rating to a “hold” rating and lowered their price target for the company from $190.00 to $150.00 in a report on Wednesday, March 1st. Seventeen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $150.21.

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Shares of Palo Alto Networks (NYSE:PANW) traded down 1.40% during mid-day trading on Thursday, hitting $108.41. 2,423,234 shares of the company’s stock were exchanged. The company’s market capitalization is $9.98 billion. The firm has a 50 day moving average price of $112.15 and a 200-day moving average price of $134.13. Palo Alto Networks has a 52 week low of $107.31 and a 52 week high of $165.69.

A number of hedge funds and other institutional investors have recently modified their holdings of PANW. Capstone Asset Management Co. boosted its position in shares of Palo Alto Networks by 0.5% in the third quarter. Capstone Asset Management Co. now owns 1,924 shares of the network technology company’s stock valued at $307,000 after buying an additional 10 shares during the period. California Public Employees Retirement System boosted its position in shares of Palo Alto Networks by 0.6% in the third quarter. California Public Employees Retirement System now owns 163,200 shares of the network technology company’s stock valued at $26,003,000 after buying an additional 1,000 shares during the period. Commonwealth Equity Services Inc boosted its position in shares of Palo Alto Networks by 9.9% in the third quarter. Commonwealth Equity Services Inc now owns 27,012 shares of the network technology company’s stock valued at $4,304,000 after buying an additional 2,435 shares during the period. Middleton & Co Inc MA boosted its position in shares of Palo Alto Networks by 0.7% in the third quarter. Middleton & Co Inc MA now owns 9,545 shares of the network technology company’s stock valued at $1,521,000 after buying an additional 65 shares during the period. Finally, Great West Life Assurance Co. Can boosted its position in shares of Palo Alto Networks by 118.4% in the third quarter. Great West Life Assurance Co. Can now owns 94,343 shares of the network technology company’s stock valued at $15,034,000 after buying an additional 51,136 shares during the period. 86.51% of the stock is owned by hedge funds and other institutional investors.

About Palo Alto Networks

Palo Alto Networks, Inc offers a next-generation security platform. The Company’s security platform consists of three elements: Next-Generation Firewall, Advanced Endpoint Protection and Threat Intelligence Cloud. Its Next-Generation Firewall delivers application, user and content visibility and control, as well as protection against network-based cyber threats integrated within the firewall through its hardware and software architecture.

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