Palo Alto Networks (PANW) to Release Quarterly Earnings on Tuesday

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

Palo Alto Networks (NASDAQ:PANW) last posted its earnings results on Wednesday, November 20th. The network technology company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.74 by $0.04. Palo Alto Networks had a return on equity of 23.36% and a net margin of 32.99%. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter last year, the company earned $0.32 EPS. Palo Alto Networks’s revenue was up 13.9% on a year-over-year basis. 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 NASDAQ:PANW opened at $196.40 on Tuesday. The business’s fifty day moving average price is $186.88 and its two-hundred day moving average price is $180.69. Palo Alto Networks has a fifty-two week low of $130.04 and a fifty-two week high of $207.24. The stock has a market capitalization of $128.88 billion, a price-to-earnings ratio of 51.15, a price-to-earnings-growth ratio of 5.36 and a beta of 1.14.

Insider Activity

In other Palo Alto Networks news, CAO Josh D. Paul sold 700 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $181.22, for a total transaction of $126,854.00. Following the completion of the transaction, the chief accounting officer now owns 47,976 shares of the company’s stock, valued at $8,694,210.72. This represents a 1.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Lee Klarich sold 99,707 shares of Palo Alto Networks stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $182.45, for a total transaction of $18,191,542.15. Following the completion of the sale, the executive vice president now owns 358,197 shares in the company, valued at $65,353,042.65. This trade represents a 21.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,458,864 shares of company stock worth $269,397,331 over the last quarter. 2.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

PANW has been the subject of a number of recent analyst reports. Truist Financial increased their target price on shares of Palo Alto Networks from $200.00 to $212.50 and gave the stock a “buy” rating in a research report on Monday, November 18th. Rosenblatt Securities raised shares of Palo Alto Networks from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $195.00 to $215.00 in a report on Thursday, November 21st. Cantor Fitzgerald reissued an “overweight” rating and issued a $222.50 target price on shares of Palo Alto Networks in a report on Thursday, November 21st. Susquehanna raised their price target on Palo Alto Networks from $210.00 to $217.50 and gave the company a “positive” rating in a report on Thursday, November 21st. Finally, OTR Global reissued a “negative” rating on shares of Palo Alto Networks in a research note on Thursday, November 7th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $200.85.

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.