Palo Alto Networks (NASDAQ:PANW – Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 6.260-6.390 for the period, compared to the consensus earnings per share estimate of 6.280. The company issued revenue guidance of $9.1 billion-$9.2 billion, compared to the consensus revenue estimate of $9.1 billion. Palo Alto Networks also updated its FY25 guidance to $6.26-6.39 EPS.
Palo Alto Networks Stock Up 1.2 %
Shares of NASDAQ:PANW opened at $397.41 on Friday. Palo Alto Networks has a 52-week low of $260.09 and a 52-week high of $408.53. The stock has a market cap of $129.40 billion, a price-to-earnings ratio of 54.82, a PEG ratio of 5.63 and a beta of 1.12. The business has a 50-day moving average price of $363.59 and a 200-day moving average price of $338.82.
Palo Alto Networks’s stock is scheduled to split before the market opens on Monday, December 16th. The 2-1 split was announced on Wednesday, November 20th. The newly issued shares will be distributed to shareholders after the market closes on Friday, December 13th.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on PANW. DA Davidson lifted their price target on Palo Alto Networks from $380.00 to $415.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Robert W. Baird lifted their target price on shares of Palo Alto Networks from $385.00 to $425.00 and gave the company an “outperform” rating in a report on Friday, November 15th. Westpark Capital reissued a “hold” rating on shares of Palo Alto Networks in a report on Thursday. Barclays raised their price target on shares of Palo Alto Networks from $410.00 to $425.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Finally, BTIG Research upped their price objective on shares of Palo Alto Networks from $395.00 to $414.00 and gave the stock a “buy” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Palo Alto Networks presently has a consensus rating of “Moderate Buy” and a consensus price target of $401.78.
Check Out Our Latest Stock Analysis on PANW
Insider Transactions at Palo Alto Networks
In related news, EVP Lee Klarich sold 60,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $344.98, for a total transaction of $20,698,800.00. Following the sale, the executive vice president now directly owns 159,009 shares in the company, valued at approximately $54,854,924.82. This represents a 27.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Nikesh Arora sold 81,586 shares of the stock in a transaction dated Thursday, October 10th. The shares were 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 approximately $227,680,932.85. The trade was a 11.65 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 254,252 shares of company stock worth $89,041,637. 2.50% of the stock is currently owned by company 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.
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