Analysts Anticipate Palo Alto Networks Inc (NYSE:PANW) Will Announce Earnings of $1.12 Per Share

Equities research analysts expect that Palo Alto Networks Inc (NYSE:PANW) will announce $1.12 earnings per share (EPS) for the current quarter, according to Zacks. Thirteen analysts have made estimates for Palo Alto Networks’ earnings, with the lowest EPS estimate coming in at $1.11 and the highest estimate coming in at $1.14. Palo Alto Networks posted earnings per share of $1.51 during the same quarter last year, which would indicate a negative year-over-year growth rate of 25.8%. The business is scheduled to issue its next earnings results on Tuesday, February 25th.

On average, analysts expect that Palo Alto Networks will report full year earnings of $4.95 per share for the current year, with EPS estimates ranging from $4.92 to $4.99. For the next financial year, analysts expect that the firm will post earnings of $6.16 per share, with EPS estimates ranging from $5.80 to $6.43. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Palo Alto Networks.

Palo Alto Networks (NYSE:PANW) last released its earnings results on Monday, November 25th. The network technology company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $1.22. Palo Alto Networks had a positive return on equity of 2.43% and a negative net margin of 3.42%. The firm had revenue of $772.00 million during the quarter, compared to the consensus estimate of $769.34 million. During the same period in the prior year, the company posted $1.17 EPS. The company’s revenue was up 17.7% compared to the same quarter last year.

A number of equities analysts have recently commented on the company. Zacks Investment Research cut Palo Alto Networks from a “hold” rating to a “strong sell” rating and set a $233.00 price target for the company. in a report on Friday, November 29th. BMO Capital Markets boosted their price target on Palo Alto Networks from $245.00 to $248.00 and gave the stock an “outperform” rating in a report on Tuesday, November 26th. Northland Securities reissued a “hold” rating and set a $240.00 price target on shares of Palo Alto Networks in a report on Tuesday, November 26th. Credit Suisse Group reissued a “sell” rating and set a $195.00 price target on shares of Palo Alto Networks in a report on Thursday, November 28th. Finally, DA Davidson boosted their price target on Palo Alto Networks to $245.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $265.45.

Shares of Palo Alto Networks stock traded down $2.00 during trading on Friday, reaching $242.90. 1,005,554 shares of the company’s stock were exchanged, compared to its average volume of 915,128. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.78 and a current ratio of 1.78. Palo Alto Networks has a 1-year low of $192.17 and a 1-year high of $260.63. The company has a market cap of $24.22 billion, a P/E ratio of -224.91 and a beta of 0.94. The firm’s 50-day moving average price is $234.44 and its 200 day moving average price is $222.38.

In other news, CEO Nikesh Arora bought 25,000 shares of the stock in a transaction on Wednesday, November 27th. The stock was acquired at an average price of $221.54 per share, with a total value of $5,538,500.00. Following the acquisition, the chief executive officer now directly owns 479,429 shares in the company, valued at $106,212,700.66. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kathleen Bonanno sold 2,062 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $244.00, for a total value of $503,128.00. Following the completion of the transaction, the chief financial officer now directly owns 41,570 shares of the company’s stock, valued at approximately $10,143,080. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,512 shares of company stock valued at $9,173,199. Insiders own 2.30% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of PANW. Oakbrook Investments LLC increased its stake in shares of Palo Alto Networks by 2.0% in the third quarter. Oakbrook Investments LLC now owns 2,575 shares of the network technology company’s stock valued at $525,000 after buying an additional 50 shares during the period. OLD National Bancorp IN increased its stake in shares of Palo Alto Networks by 3.3% in the fourth quarter. OLD National Bancorp IN now owns 1,550 shares of the network technology company’s stock valued at $358,000 after buying an additional 50 shares during the period. Global Wealth Management Investment Advisory Inc. increased its stake in shares of Palo Alto Networks by 4.5% in the second quarter. Global Wealth Management Investment Advisory Inc. now owns 1,283 shares of the network technology company’s stock valued at $261,000 after buying an additional 55 shares during the period. Wunderlich Capital Managemnt increased its stake in shares of Palo Alto Networks by 0.8% in the third quarter. Wunderlich Capital Managemnt now owns 7,306 shares of the network technology company’s stock valued at $1,489,000 after buying an additional 56 shares during the period. Finally, Juncture Wealth Strategies LLC increased its stake in shares of Palo Alto Networks by 2.9% in the third quarter. Juncture Wealth Strategies LLC now owns 2,207 shares of the network technology company’s stock valued at $450,000 after buying an additional 63 shares during the period. 79.10% of the stock is owned by institutional investors and hedge funds.

About Palo Alto Networks

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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Earnings History and Estimates for Palo Alto Networks (NYSE:PANW)

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