$0.79 Earnings Per Share Expected for Palo Alto Networks, Inc. (PANW) This Quarter

Equities research analysts forecast that Palo Alto Networks, Inc. (NYSE:PANW) will report earnings of $0.79 per share for the current fiscal quarter, according to Zacks. Thirteen analysts have provided estimates for Palo Alto Networks’ earnings. The highest EPS estimate is $0.81 and the lowest is $0.79. Palo Alto Networks posted earnings of $0.63 per share during the same quarter last year, which would suggest a positive year over year growth rate of 25.4%. The firm is expected to announce its next quarterly earnings report on Tuesday, February 27th.

According to Zacks, analysts expect that Palo Alto Networks will report full-year earnings of $3.39 per share for the current year, with EPS estimates ranging from $3.29 to $3.48. For the next financial year, analysts anticipate that the company will post earnings of $4.18 per share, with EPS estimates ranging from $3.94 to $4.49. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Palo Alto Networks.

Palo Alto Networks (NYSE:PANW) last announced its earnings results on Monday, November 20th. The network technology company reported $0.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.06. Palo Alto Networks had a negative return on equity of 15.77% and a negative net margin of 11.97%. The business had revenue of $505.50 million during the quarter, compared to analyst estimates of $489.36 million. During the same quarter in the previous year, the business earned $0.55 earnings per share. The company’s revenue for the quarter was up 27.0% compared to the same quarter last year.

Several research analysts have issued reports on PANW shares. Piper Jaffray Companies restated a “buy” rating and set a $155.00 target price (up previously from $146.00) on shares of Palo Alto Networks in a research report on Friday, September 1st. BTIG Research restated a “buy” rating and set a $175.00 target price on shares of Palo Alto Networks in a research report on Thursday, August 31st. Jefferies Group boosted their target price on Palo Alto Networks from $155.00 to $168.00 and gave the company a “buy” rating in a research report on Friday, September 1st. Citigroup restated a “buy” rating and set a $168.00 target price (up previously from $160.00) on shares of Palo Alto Networks in a research report on Friday, September 1st. Finally, Goldman Sachs Group restated a “buy” rating and set a $165.00 target price (up previously from $158.00) on shares of Palo Alto Networks in a research report on Friday, September 1st. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty-three have given a buy rating to the company’s stock. Palo Alto Networks has a consensus rating of “Buy” and an average target price of $162.84.

Palo Alto Networks (NYSE:PANW) opened at $143.89 on Monday. Palo Alto Networks has a 12-month low of $107.31 and a 12-month high of $157.65.

In other news, CMO Rene Bonvanie sold 16,596 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $151.83, for a total transaction of $2,519,770.68. Following the transaction, the chief marketing officer now directly owns 95,584 shares of the company’s stock, valued at $14,512,518.72. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Mark D. Mclaughlin sold 35,000 shares of the company’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $149.70, for a total value of $5,239,500.00. The disclosure for this sale can be found here. Insiders sold 343,213 shares of company stock valued at $50,953,421 in the last three months. 4.80% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the company. Sun Life Financial INC increased its position in shares of Palo Alto Networks by 785.0% during the second quarter. Sun Life Financial INC now owns 1,000 shares of the network technology company’s stock worth $134,000 after purchasing an additional 887 shares in the last quarter. Penserra Capital Management LLC acquired a new position in shares of Palo Alto Networks during the third quarter worth $162,000. Global X Management Co. LLC increased its position in shares of Palo Alto Networks by 24.4% during the second quarter. Global X Management Co. LLC now owns 1,168 shares of the network technology company’s stock worth $156,000 after purchasing an additional 229 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of Palo Alto Networks by 495.2% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,232 shares of the network technology company’s stock worth $178,000 after purchasing an additional 1,025 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Palo Alto Networks by 30.0% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,396 shares of the network technology company’s stock worth $188,000 after purchasing an additional 322 shares in the last quarter. 79.98% of the stock is currently owned by institutional investors and hedge funds.

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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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