Palo Alto Networks (NYSE:PANW) issued its earnings results on Sunday. The network technology company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.12, MarketWatch Earnings reports. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $985.90 million. Palo Alto Networks had a negative return on equity of 8.66% and a negative net margin of 8.36%. The business’s quarterly revenue was up 24.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.19 earnings per share.
NYSE PANW opened at $384.35 on Tuesday. The firm has a market cap of $36.72 billion, a PE ratio of -123.98 and a beta of 1.50. Palo Alto Networks has a one year low of $125.47 and a one year high of $403.00. The stock’s 50 day simple moving average is $372.13 and its 200 day simple moving average is $296.77. The company has a debt-to-equity ratio of 4.18, a current ratio of 1.63 and a quick ratio of 1.63.
In related news, EVP Lee Klarich sold 2,539 shares of the stock in a transaction that occurred on Wednesday, February 10th. The stock was sold at an average price of $393.42, for a total transaction of $998,893.38. Following the sale, the executive vice president now directly owns 299,777 shares in the company, valued at approximately $117,938,267.34. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Nir Zuk sold 12,000 shares of the stock in a transaction that occurred on Tuesday, December 1st. The stock was sold at an average price of $293.89, for a total value of $3,526,680.00. Over the last 90 days, insiders have sold 209,195 shares of company stock worth $68,692,035. 2.30% of the stock is owned by corporate insiders.
Several analysts have recently issued reports on PANW shares. Wedbush upped their price target on Palo Alto Networks from $300.00 to $320.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 17th. KeyCorp upped their price target on Palo Alto Networks from $391.00 to $420.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 20th. Royal Bank of Canada upped their price target on Palo Alto Networks from $380.00 to $425.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 17th. Deutsche Bank Aktiengesellschaft upped their price target on Palo Alto Networks from $423.00 to $426.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, BMO Capital Markets upgraded Palo Alto Networks from a “market perform” rating to an “outperform” rating and set a $455.00 target price for the company in a research note on Tuesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $357.79.
Palo Alto Networks Company Profile
Palo Alto Networks, Inc provides cybersecurity platform solutions worldwide. The company provides firewall appliances and software; Panorama, a security management solution for the control of appliances and software 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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