Palo Alto Networks (NYSE:PANW) will be announcing its earnings results after the market closes on Monday, February 26th. Analysts expect the company to announce earnings of $0.79 per share for the quarter.
Palo Alto Networks (NYSE:PANW) last announced its quarterly earnings results on Monday, November 20th. The network technology company reported $0.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.06. Palo Alto Networks had a negative net margin of 11.97% and a negative return on equity of 15.77%. The firm had revenue of $505.50 million during the quarter, compared to the consensus estimate of $489.36 million. During the same period last year, the firm earned $0.55 EPS. The business’s quarterly revenue was up 27.0% compared to the same quarter last year. On average, analysts expect Palo Alto Networks to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Palo Alto Networks (PANW) opened at $162.08 on Monday. Palo Alto Networks has a fifty-two week low of $107.31 and a fifty-two week high of $163.88. The company has a market cap of $14,890.00, a price-to-earnings ratio of -65.89 and a beta of 1.04.
Several research analysts have commented on PANW shares. BidaskClub downgraded shares of Palo Alto Networks from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Oppenheimer reissued a “buy” rating and issued a $173.00 price target on shares of Palo Alto Networks in a report on Tuesday, November 14th. Evercore ISI set a $145.00 price target on shares of Palo Alto Networks and gave the company a “hold” rating in a report on Thursday, November 16th. Zacks Investment Research downgraded shares of Palo Alto Networks from a “hold” rating to a “sell” rating in a report on Monday, November 13th. Finally, BMO Capital Markets lifted their price objective on shares of Palo Alto Networks from $160.00 to $170.00 and gave the stock a “market perform” rating in a report on Tuesday, November 21st. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and thirty-four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $167.39.
Palo Alto Networks Company Profile
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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