Palo Alto Networks Stock (PANW:NSD) Earnings Releasing on Thursday

On Thursday, November 17th, Palo Alto Networks Stock (PANW:NSD) is scheduled to release its earnings results following the market close.

Analysts anticipate the business to report quarterly earnings of $0.68 per share. Palo Alto Networks has set its EPS guidance for the first quarter at $2.03-2.06 and for the full year at $9.40-9.50. 

 

Previous Quarter Earnings Analysis:

On Monday, August 22nd, Palo Alto Networks (PANW:NSD) released its most recent quarterly earnings report. The network technology company’s quarterly earnings per share came in at $0.15, exceeding the $0.07 consensus forecast by $0.08.

Analysts had predicted $1.54 billion in sales for the company during the quarter; instead, it brought in $1.55 billion. Palo Alto Networks stock had a 4.85% negative net margin and a 42.61% negative return on equity.

Compared to the same quarter the previous year, the company’s quarterly revenue increased by 27.2%. The business reported ($0.21) earnings per share during the same time period the year before.

Palo Alto Networks stock is anticipated by experts to report $1 EPS for the current fiscal year and $1 EPS for the following fiscal year.

 

Palo Alto Networks Stock fell 1.7%

On Thursday, the Palo Alto stock opened at $151.57. The company is valued at $45.53 billion, has a price-to-earnings ratio of -167.17, an earnings growth price-to-price ratio of 6.67, and a beta of 1.12. Palo Alto Networks’s 12-month high is $213.63 and 12-month low is $140.07. The stock’s two-hundred and fifty-day moving average prices are $220.39 and $163.17, respectively.

 

Palo Alto Stock-Insider Trading:

In other news, on August 23rd, CFO Dipak Golechha sold 500 shares of the company’s stock. The shares were sold for a total of $279,790.00 at an average price of $559.58 per share. The transaction was successfully completed, and the chief financial officer now owns 29,176 shares in the company, valued at $16,326,306.08.

In other Palo Alto Networks stock news, on August 24th, Director Aparna Bawa sold 237 shares of the company’s stock. The stock was sold for a total of $134,400.33 at an average price of $567.09. Following the transaction’s conclusion, the director now directly owns 1,662 shares of the business, with a market value of $942,503.58.

Insiders have sold 173,398 shares of company stock for a total of $35,043,003 in the most recent quarter. 3.90 % of the company’s stock is owned by insiders.

 

Palo Alto Networks Stock-Institutional Trading:

Recently, a number of institutional investors increased or decreased their holdings in the stock.

During the first quarter, RB Capital Management LLC increased its holding in Palo Alto Networks by 19.9%. Following the acquisition of an additional 100 shares during the, RB Capital Management LLC now directly owns 602 shares of the network technology company’s stock, valued at $375,000 as of today.

In the first quarter, Morgens Waterfall Vintiadis & Co. Inc. acquired a new interest in Palo Alto Networks shares valued at $6,910,000.

During the first quarter, United Bank increased its holdings in Palo Alto Networks shares by 11.7%. United Bank now owns 296 more shares of the network technology company’s stock, for a total of 2,822 shares, valued at $1,757,000.

During the first quarter, Yousif Capital Management LLC increased its holding in Palo Alto Networks by 13.6%. After purchasing an additional 185 shares in the most recent quarter, Yousif Capital Management LLC now owns 1,547 shares of the network technology company’s stock, valued at $963,000.

Last but not least, in the first quarter, Prudential PLC added a new holding in Palo Alto Networks worth $1,022,000. Institutional investors currently hold 86.17% of the stock.

 

Analyst Forecast & Price Targets:

Several analysts have offered their opinions on the Palo Alto stock. On Friday, October 7th, Sumitomo Mitsui Financial Group began covering shares of Palo Alto Networks in a research note. They gave the business a “outperform” rating and a $230.00 price target.

In a research note published on Tuesday, August 23, Barclays increased their target price for shares of Palo Alto Networks from $201.67 to $231.67 and rated the company as “overweight.”

In a research note published on Tuesday, August 23, KeyCorp increased its price objective for Palo Alto Networks from $210.00 to $226.67 and rated the stock as “overweight.”

In a research report published on Tuesday, August 23, the Royal Bank of Canada increased its price objective on Palo Alto Networks from $226.67 to $233.33.

Last but not least, in a report on Tuesday, August 23rd, Wedbush raised their target price on Palo Alto Networks from $193.33 to $206.67 and rated the company as “outperform”.

30 research analysts have given the firm a “Buy” rating, while 30 have given the stock a “Hold” rating.

The company currently has a consensus rating of “Strong Buy” and an average target price of $552.17, according to data from Stock Target Advisor.

 

About Palo Alto Networks Inc. (PANW:NSD):

Palo Alto Networks, Inc. provides cybersecurity solutions worldwide. The company offers firewall appliances and software; Panorama, a security management solution for the control of firewall appliances and software deployed on a customer’s network, as well as their instances in public or private cloud environments, 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.

Palo Alto Networks, Inc. sells its products and services through its channel partners, as well as directly to medium to large enterprises, service providers, and government entities operating in various industries, including education, energy, financial services, government entities, healthcare, Internet and media, manufacturing, public sector, and telecommunications. The company was incorporated in 2005 and is headquartered in Santa Clara, California.