$1.22 Earnings Per Share Expected for Palo Alto Networks Inc (PANW) This Quarter

Equities analysts expect Palo Alto Networks Inc (NYSE:PANW) to announce earnings of $1.22 per share for the current quarter, Zacks reports. Fourteen analysts have provided estimates for Palo Alto Networks’ earnings. The highest EPS estimate is $1.26 and the lowest is $1.20. Palo Alto Networks posted earnings of $0.86 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 41.9%. The business is scheduled to announce its next quarterly earnings report after the market closes on Tuesday, February 26th.

On average, analysts expect that Palo Alto Networks will report full-year earnings of $5.19 per share for the current fiscal year, with EPS estimates ranging from $5.03 to $5.42. For the next fiscal year, analysts forecast that the business will report earnings of $6.23 per share, with EPS estimates ranging from $5.77 to $6.79. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that cover Palo Alto Networks.

Palo Alto Networks (NYSE:PANW) last released its earnings results on Thursday, November 29th. The network technology company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.02. The business had revenue of $656.00 million for the quarter, compared to analyst estimates of $632.16 million. Palo Alto Networks had a negative net margin of 5.04% and a negative return on equity of 1.72%. Palo Alto Networks’s revenue for the quarter was up 30.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.74 earnings per share.

Several brokerages have recently weighed in on PANW. Zacks Investment Research lowered shares of Palo Alto Networks from a “buy” rating to a “hold” rating in a report on Monday, January 28th. ValuEngine lowered shares of Palo Alto Networks from a “strong-buy” rating to a “buy” rating in a report on Monday, October 29th. UBS Group upgraded shares of Palo Alto Networks from a “neutral” rating to a “buy” rating and set a $250.00 price objective on the stock in a report on Tuesday, January 22nd. Wedbush upgraded shares of Palo Alto Networks from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $225.00 to $265.00 in a report on Thursday, January 24th. Finally, Robert W. Baird reiterated a “buy” rating and set a $250.00 price objective on shares of Palo Alto Networks in a report on Friday, November 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-three have issued a buy rating and three have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $244.76.

PANW stock opened at $223.86 on Friday. The firm has a market capitalization of $21.31 billion, a P/E ratio of -407.02, a PEG ratio of 13.47 and a beta of 0.91. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 1.10. Palo Alto Networks has a 12-month low of $153.43 and a 12-month high of $239.50.

In other news, Director Stanley J. Meresman sold 1,958 shares of the stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $177.48, for a total transaction of $347,505.84. Following the completion of the transaction, the director now directly owns 1,658 shares of the company’s stock, valued at approximately $294,261.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark D. Mclaughlin sold 40,000 shares of the stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $216.37, for a total transaction of $8,654,800.00. The disclosure for this sale can be found here. Insiders sold a total of 157,024 shares of company stock valued at $31,265,111 over the last ninety days. 3.10% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Palo Alto Networks by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 7,709,183 shares of the network technology company’s stock worth $1,736,571,000 after buying an additional 94,743 shares during the period. Vanguard Group Inc boosted its holdings in Palo Alto Networks by 1.2% in the 3rd quarter. Vanguard Group Inc now owns 7,709,183 shares of the network technology company’s stock worth $1,736,571,000 after buying an additional 94,743 shares during the period. Renaissance Technologies LLC boosted its holdings in Palo Alto Networks by 24.8% in the 3rd quarter. Renaissance Technologies LLC now owns 4,651,200 shares of the network technology company’s stock worth $1,047,729,000 after buying an additional 925,500 shares during the period. Canada Pension Plan Investment Board boosted its holdings in Palo Alto Networks by 10.0% in the 3rd quarter. Canada Pension Plan Investment Board now owns 1,607,673 shares of the network technology company’s stock worth $362,144,000 after buying an additional 146,447 shares during the period. Finally, Morgan Stanley boosted its holdings in Palo Alto Networks by 5.4% in the 3rd quarter. Morgan Stanley now owns 1,433,131 shares of the network technology company’s stock worth $322,827,000 after buying an additional 73,391 shares during the period. 80.63% of the stock is owned by hedge funds and other institutional investors.

Palo Alto Networks Company Profile

Palo Alto Networks, Inc provides security platform solutions worldwide. The company provides firewall appliances and software; Panorama, a security management solution for the control of appliances deployed on an end-customer's network as a virtual or a physical appliance; and Virtual System Upgrades, which are available as extensions to the virtual system capacity that ships with physical appliances.

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