Palo Alto Networks (PANW) Set to Announce Earnings on Wednesday

Palo Alto Networks (NASDAQ:PANW) is scheduled to be releasing its earnings data after the market closes on Wednesday, November 20th. Analysts expect Palo Alto Networks to post earnings of $1.48 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings results on Monday, August 19th. The network technology company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.10. Palo Alto Networks had a return on equity of 26.83% and a net margin of 32.11%. The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the prior year, the company posted $0.80 earnings per share. Palo Alto Networks’s revenue was up 12.1% compared to the same quarter last year. 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 Trading Down 0.0 %

Shares of Palo Alto Networks stock opened at $386.83 on Tuesday. The stock has a fifty day simple moving average of $360.72 and a 200 day simple moving average of $337.38. Palo Alto Networks has a 12-month low of $249.56 and a 12-month high of $408.53. The company has a market capitalization of $125.95 billion, a P/E ratio of 53.36, a price-to-earnings-growth ratio of 5.61 and a beta of 1.12.

Analyst Upgrades and Downgrades

PANW has been the subject of a number of recent analyst reports. Northland Securities upped their price objective on Palo Alto Networks from $275.00 to $350.00 and gave the company a “market perform” rating in a research note on Tuesday, August 20th. Evercore ISI upped their price objective on Palo Alto Networks from $395.00 to $455.00 and gave the company an “outperform” rating in a research note on Monday. Bank of America upped their price objective on Palo Alto Networks from $370.00 to $400.00 and gave the company a “neutral” rating in a research note on Wednesday, August 21st. OTR Global restated a “negative” rating on shares of Palo Alto Networks in a research note on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Palo Alto Networks from $330.00 to $395.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Palo Alto Networks presently has an average rating of “Moderate Buy” and an average price target of $390.39.

Insider Transactions at Palo Alto Networks

In other news, CEO Nikesh Arora sold 81,586 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $367.99, for a total value of $30,022,832.14. Following the completion of the transaction, the chief executive officer now owns 618,715 shares in the company, valued at $227,680,932.85. This trade represents a 11.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mary Pat Mccarthy sold 10,000 shares of the firm’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 value of $3,484,900.00. Following the completion of the transaction, the director now owns 31,517 shares of the company’s stock, valued at approximately $10,983,359.33. The trade was a 24.09 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 254,252 shares of company stock worth $89,041,637. 2.50% of the stock is currently owned by insiders.

About Palo Alto Networks

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.