Palo Alto Networks (PANW) to Release Quarterly Earnings on Wednesday
Palo Alto Networks (NASDAQ:PANW) is scheduled to be issuing its Q314 quarterly earnings data on Wednesday, May 28th. Analysts expect the company to announce earnings of $0.10 per share and revenue of $146.13 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.
Shares of Palo Alto Networks (NASDAQ:PANW) opened at 66.99 on Tuesday. Palo Alto Networks has a 1-year low of $39.08 and a 1-year high of $80.84. The stock has a 50-day moving average of $64.61 and a 200-day moving average of $61.97. The company’s market cap is $4.962 billion.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs cut their price target on shares of Palo Alto Networks from $86.00 to $85.00 in a research note on Thursday, May 22nd. On the ratings front, analysts at Zacks downgraded shares of Palo Alto Networks from a “neutral” rating to an “underperform” rating in a research note on Monday, April 28th. They now have a $64.20 price target on the stock. Finally, analysts at Stephens upgraded shares of Palo Alto Networks from an “equal weight” rating to an “overweight” rating in a research note on Monday, April 14th. They now have a $85.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. Palo Alto Networks has an average rating of “Buy” and a consensus price target of $72.05.
In other Palo Alto Networks news, Director Asheem Chandna unloaded 26,250 shares of the company’s stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $65.70, for a total value of $1,724,625.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Palo Alto Networks, Inc offers a network security platform that allows enterprises, service providers, and government entities to secure their networks.
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