Palo Alto Networks (PANW) Projected to Post Earnings on Tuesday

Palo Alto Networks (NASDAQ:PANW) is expected to announce its earnings results before the market opens on Tuesday, February 18th. Analysts expect the company to announce earnings of $0.75 per share and revenue of $2.24 billion for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Palo Alto Networks (NASDAQ:PANW) last issued its earnings results on Wednesday, November 20th. The network technology company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. The business had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.12 billion. Palo Alto Networks had a net margin of 32.99% and a return on equity of 23.36%. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.32 earnings per share. On average, analysts expect Palo Alto Networks to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Palo Alto Networks Price Performance

Shares of PANW stock opened at $196.40 on Tuesday. The stock has a market cap of $128.88 billion, a P/E ratio of 51.15, a P/E/G ratio of 5.36 and a beta of 1.14. The company has a fifty day moving average price of $186.88 and a two-hundred day moving average price of $180.69. Palo Alto Networks has a one year low of $130.04 and a one year high of $207.24.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Barclays reduced their price target on Palo Alto Networks from $425.00 to $213.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Robert W. Baird increased their price target on Palo Alto Networks from $212.50 to $217.50 and gave the company an “outperform” rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. raised their price target on Palo Alto Networks from $193.50 to $224.50 and gave the company an “overweight” rating in a report on Monday, November 18th. Citigroup decreased their price objective on shares of Palo Alto Networks from $216.00 to $205.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $225.00 target price on shares of Palo Alto Networks in a report on Monday. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Palo Alto Networks presently has an average rating of “Moderate Buy” and a consensus price target of $200.85.

Insider Buying and Selling

In other Palo Alto Networks news, EVP Nir Zuk sold 336,000 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $193.70, for a total value of $65,081,520.00. Following the completion of the transaction, the executive vice president now owns 3,643,516 shares of the company’s stock, valued at $705,730,831.62. This represents a 8.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Lee Klarich sold 99,707 shares of Palo Alto Networks stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $182.45, for a total value of $18,191,542.15. Following the sale, the executive vice president now directly owns 358,197 shares in the company, valued at $65,353,042.65. The trade was a 21.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,458,864 shares of company stock worth $269,397,331 in the last three months. 2.50% of the stock is owned by corporate 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.