Palo Alto Networks (PANW) to Release Earnings on Wednesday

Palo Alto Networks (NASDAQ:PANW - Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, November 20th. Analysts expect Palo Alto Networks to post earnings of $1.48 per share for the quarter. Palo Alto Networks has set its Q1 guidance at $1.47-1.49 EPS and its FY25 guidance at $6.18-6.31 EPS.Persons that wish to register for the company's earnings conference call can do so using this link.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings results on Monday, August 19th. The network technology company reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.10. Palo Alto Networks had a return on equity of 26.83% and a net margin of 32.11%. The company had revenue of $2.19 billion during the quarter, compared to analysts' expectations of $2.16 billion. During the same period in the prior year, the company earned $0.80 EPS. Palo Alto Networks's revenue was up 12.1% compared to the same quarter last year. On average, analysts expect Palo Alto Networks to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Palo Alto Networks Stock Performance

Shares of PANW traded up $4.34 during trading hours on Wednesday, reaching $402.36. The stock had a trading volume of 1,943,882 shares, compared to its average volume of 3,863,927. Palo Alto Networks has a 12 month low of $234.15 and a 12 month high of $408.53. The stock has a market capitalization of $131.01 billion, a PE ratio of 55.79, a PEG ratio of 5.77 and a beta of 1.12. The company's 50-day moving average is $356.70 and its two-hundred day moving average is $334.54.

Insider Transactions at Palo Alto Networks

In other news, CEO Nikesh Arora sold 81,586 shares of the firm's stock in a transaction on Thursday, October 10th. The stock was 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 directly owns 618,715 shares of the company's stock, valued at $227,680,932.85. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Nikesh Arora sold 81,586 shares of the firm's stock in a transaction on Thursday, October 10th. The stock was 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 directly owns 618,715 shares of the company's stock, valued at $227,680,932.85. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Nir Zuk sold 36,000 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $332.50, for a total value of $11,970,000.00. Following the completion of the sale, the executive vice president now owns 1,115,567 shares in the company, valued at $370,926,027.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 255,252 shares of company stock valued at $89,383,077 over the last three months. Company insiders own 2.50% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on PANW. Northland Securities increased their price target on Palo Alto Networks from $275.00 to $350.00 and gave the company a "market perform" rating in a research note on Tuesday, August 20th. Royal Bank of Canada lifted their target price on Palo Alto Networks from $390.00 to $410.00 and gave the stock an "outperform" rating in a report on Tuesday, August 20th. DA Davidson upped 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. Bank of America lifted their price objective on Palo Alto Networks from $370.00 to $400.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 21st. Finally, Robert W. Baird upped their target price on Palo Alto Networks from $360.00 to $375.00 and gave the company an "outperform" rating in a report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $378.87.

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.