Analysts predict that Palo Alto Networks, Inc. (NYSE:PANW) will announce $489.09 million in sales for the current quarter, according to Zacks. Thirteen analysts have issued estimates for Palo Alto Networks’ earnings. The highest sales estimate is $501.40 million and the lowest is $482.04 million. Palo Alto Networks posted sales of $398.10 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 22.9%. The business is scheduled to announce its next quarterly earnings report on Monday, November 20th.

According to Zacks, analysts expect that Palo Alto Networks will report full year sales of $489.09 million for the current financial year, with estimates ranging from $2.13 billion to $2.19 billion. For the next fiscal year, analysts anticipate that the company will report sales of $2.58 billion per share, with estimates ranging from $2.50 billion to $2.66 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Palo Alto Networks.

Palo Alto Networks (NYSE:PANW) last announced its earnings results on Thursday, August 31st. The network technology company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.92). Palo Alto Networks had a negative net margin of 12.57% and a negative return on equity of 19.72%. The firm had revenue of $509.00 million for the quarter, compared to analyst estimates of $487.53 million. During the same period in the previous year, the company earned $0.50 EPS. Palo Alto Networks’s revenue was up 27.0% compared to the same quarter last year.

Several equities research analysts have recently commented on the company. BidaskClub raised Palo Alto Networks from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Rosenblatt Securities reissued a “buy” rating and set a $160.00 price target on shares of Palo Alto Networks in a research note on Friday, September 1st. J P Morgan Chase & Co reissued a “neutral” rating and set a $168.00 price target (up previously from $155.00) on shares of Palo Alto Networks in a research note on Sunday, September 3rd. Stifel Nicolaus reissued a “buy” rating and set a $180.00 price target on shares of Palo Alto Networks in a research note on Tuesday, September 5th. Finally, William Blair reaffirmed a “market perform” rating on shares of Palo Alto Networks in a research note on Tuesday, September 5th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirty-one have given a buy rating to the company. Palo Alto Networks currently has a consensus rating of “Buy” and a consensus price target of $160.33.

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Palo Alto Networks (PANW) opened at 149.01 on Tuesday. The firm’s market cap is $13.69 billion. The firm’s 50 day moving average price is $142.58 and its 200-day moving average price is $130.01. Palo Alto Networks has a one year low of $107.31 and a one year high of $165.69.

In other Palo Alto Networks news, Director Stanley J. Meresman sold 2,000 shares of Palo Alto Networks stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $151.01, for a total transaction of $302,020.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Mark Anderson sold 44,429 shares of Palo Alto Networks stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $143.10, for a total transaction of $6,357,789.90. Following the sale, the president now directly owns 176,290 shares of the company’s stock, valued at approximately $25,227,099. The disclosure for this sale can be found here. Insiders sold a total of 254,744 shares of company stock valued at $37,804,516 in the last ninety days. Company insiders own 4.80% of the company’s stock.

Several large investors have recently modified their holdings of the business. Bangor Savings Bank acquired a new stake in shares of Palo Alto Networks during the 2nd quarter valued at $1,342,000. Cypress Wealth Advisors LLC boosted its stake in shares of Palo Alto Networks by 3.7% during the 2nd quarter. Cypress Wealth Advisors LLC now owns 3,154 shares of the network technology company’s stock valued at $422,000 after buying an additional 113 shares during the period. National Asset Management Inc. boosted its stake in shares of Palo Alto Networks by 4.7% during the 2nd quarter. National Asset Management Inc. now owns 2,819 shares of the network technology company’s stock valued at $378,000 after buying an additional 127 shares during the period. Grandeur Peak Global Advisors LLC boosted its stake in shares of Palo Alto Networks by 1.3% during the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 7,975 shares of the network technology company’s stock valued at $1,067,000 after buying an additional 100 shares during the period. Finally, Scotia Capital Inc. acquired a new stake in shares of Palo Alto Networks during the 2nd quarter valued at $213,000. 76.96% of the stock is owned by institutional investors.

Palo Alto Networks Company Profile

Palo Alto Networks, Inc offers a next-generation security platform. The Company’s security platform consists of three elements: Next-Generation Firewall, Advanced Endpoint Protection and Threat Intelligence Cloud. Its Next-Generation Firewall delivers application, user and content visibility and control, as well as protection against network-based cyber threats integrated within the firewall through its hardware and software architecture.

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