Palo Alto Networks (PANW) Scheduled to Post Quarterly Earnings on Wednesday

Palo Alto Networks (NASDAQ:PANW) is scheduled to announce its earnings results after the market closes on Wednesday, November 20th. Analysts expect the company to announce earnings of $1.48 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings data on Monday, August 19th. The network technology company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.10. Palo Alto Networks had a net margin of 32.11% and a return on equity of 26.83%. The business had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the prior year, the business earned $0.80 earnings per share. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, analysts expect Palo Alto Networks to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Palo Alto Networks Stock Down 1.9 %

PANW stock opened at $387.00 on Monday. Palo Alto Networks has a twelve month low of $234.15 and a twelve month high of $408.53. The company has a market cap of $126.01 billion, a PE ratio of 53.38, a price-to-earnings-growth ratio of 5.61 and a beta of 1.12. The business’s 50-day simple moving average is $359.86 and its 200 day simple moving average is $336.73.

Insider Activity at Palo Alto Networks

In related news, Director Mary Pat Mccarthy sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $348.49, for a total transaction of $3,484,900.00. Following the completion of the transaction, the director now owns 31,517 shares in the company, valued at approximately $10,983,359.33. The trade was a 24.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Nikesh Arora sold 66,666 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $342.98, for a total transaction of $22,865,104.68. Following the completion of the sale, the chief executive officer now owns 639,994 shares in the company, valued at approximately $219,505,142.12. This trade represents a 9.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 254,252 shares of company stock worth $89,041,637 over the last ninety days. Company insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on PANW shares. Wedbush restated an “outperform” rating and issued a $375.00 target price on shares of Palo Alto Networks in a research note on Friday, August 16th. OTR Global restated a “negative” rating on shares of Palo Alto Networks in a research note on Thursday, November 7th. Barclays lifted their target price on shares of Palo Alto Networks from $410.00 to $425.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. UBS Group increased their price target on shares of Palo Alto Networks from $345.00 to $355.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Finally, Robert W. Baird lifted their price objective on Palo Alto Networks from $385.00 to $425.00 and gave the company an “outperform” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Palo Alto Networks currently has a consensus rating of “Moderate Buy” and a consensus target price of $384.76.

Palo Alto Networks Company Profile

Palo Alto Networks, Inc provides cybersecurity solutions worldwide. The company offers firewall appliances and software; and Panorama, a security management solution for the global control of network security platform as a virtual or a physical appliance. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention.