Equities analysts forecast that Palo Alto Networks Inc (NYSE:PANW) will post earnings of $1.25 per share for the current fiscal quarter, Zacks reports. Thirteen analysts have issued estimates for Palo Alto Networks’ earnings. The highest EPS estimate is $1.29 and the lowest is $1.24. Palo Alto Networks posted earnings of $0.99 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 26.3%. The company is scheduled to report its next earnings report after the market closes on Wednesday, May 29th.

On average, analysts expect that Palo Alto Networks will report full year earnings of $5.47 per share for the current year, with EPS estimates ranging from $5.32 to $5.61. For the next fiscal year, analysts forecast that the business will post earnings of $6.40 per share, with EPS estimates ranging from $6.07 to $6.80. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Palo Alto Networks.

Palo Alto Networks (NYSE:PANW) last released its quarterly earnings results on Tuesday, February 26th. The network technology company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.20. Palo Alto Networks had a positive return on equity of 4.69% and a negative net margin of 3.47%. The business had revenue of $711.00 million during the quarter, compared to analyst estimates of $682.32 million. During the same quarter last year, the company posted $0.97 EPS. Palo Alto Networks’s revenue for the quarter was up 30.3% on a year-over-year basis.

A number of equities analysts recently weighed in on the company. Jefferies Financial Group reiterated a “buy” rating and issued a $296.00 price target on shares of Palo Alto Networks in a research report on Wednesday, February 27th. ValuEngine upgraded Palo Alto Networks from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 4th. Morgan Stanley increased their price target on Palo Alto Networks from $266.00 to $290.00 and gave the company an “overweight” rating in a research report on Wednesday, February 27th. Robert W. Baird increased their price target on Palo Alto Networks from $250.00 to $265.00 and gave the company an “outperform” rating in a research report on Wednesday, February 20th. Finally, Wedbush upgraded Palo Alto Networks from a “neutral” rating to an “outperform” rating and increased their price target for the company from $225.00 to $265.00 in a research report on Thursday, January 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $268.75.

In other news, CAO Jean Compeau sold 1,701 shares of Palo Alto Networks stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $235.37, for a total transaction of $400,364.37. Following the completion of the sale, the chief accounting officer now directly owns 23,836 shares in the company, valued at approximately $5,610,279.32. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Carl M. Eschenbach sold 3,385 shares of Palo Alto Networks stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $241.90, for a total value of $818,831.50. Following the sale, the director now owns 4,359 shares of the company’s stock, valued at $1,054,442.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 242,844 shares of company stock valued at $58,586,545. 3.10% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in PANW. Alpha Omega Wealth Management LLC bought a new position in shares of Palo Alto Networks in the 1st quarter valued at approximately $26,000. Manchester Capital Management LLC bought a new position in shares of Palo Alto Networks in the 1st quarter valued at approximately $26,000. Financial Advocates Investment Management raised its stake in shares of Palo Alto Networks by 65.2% in the 4th quarter. Financial Advocates Investment Management now owns 114 shares of the network technology company’s stock valued at $43,000 after acquiring an additional 45 shares in the last quarter. C J Advisory Inc bought a new position in shares of Palo Alto Networks in the 1st quarter valued at approximately $30,000. Finally, Cable Hill Partners LLC raised its stake in shares of Palo Alto Networks by 226.1% in the 1st quarter. Cable Hill Partners LLC now owns 150 shares of the network technology company’s stock valued at $37,000 after acquiring an additional 104 shares in the last quarter. Institutional investors and hedge funds own 79.71% of the company’s stock.

Shares of NYSE:PANW traded down $2.04 during midday trading on Friday, reaching $224.81. The company had a trading volume of 1,301,213 shares, compared to its average volume of 1,257,282. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 1.31. Palo Alto Networks has a 1-year low of $160.08 and a 1-year high of $260.63. The firm has a market capitalization of $20.75 billion, a price-to-earnings ratio of -408.75, a price-to-earnings-growth ratio of 10.04 and a beta of 0.84.

Palo Alto Networks Company Profile

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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