Analysts expect Palo Alto Networks, Inc. (NYSE:PANW) to post sales of $525.37 million for the current fiscal quarter, according to Zacks Investment Research. Thirteen analysts have provided estimates for Palo Alto Networks’ earnings, with the lowest sales estimate coming in at $521.54 million and the highest estimate coming in at $532.73 million. Palo Alto Networks posted sales of $422.60 million during the same quarter last year, which suggests a positive year over year growth rate of 24.3%. The business is expected to report its next earnings report on Tuesday, February 27th.

According to Zacks, analysts expect that Palo Alto Networks will report full year sales of $525.37 million for the current year, with estimates ranging from $2.15 billion to $2.20 billion. For the next fiscal year, analysts forecast that the business will report sales of $2.60 billion per share, with estimates ranging from $2.55 billion to $2.68 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Palo Alto Networks.

Palo Alto Networks (NYSE:PANW) last issued its earnings results on Monday, November 20th. The network technology company reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.06. Palo Alto Networks had a negative net margin of 11.97% and a negative return on equity of 15.77%. The business had revenue of $505.50 million for the quarter, compared to the consensus estimate of $489.36 million. During the same quarter last year, the firm posted $0.55 EPS. The business’s revenue for the quarter was up 27.0% compared to the same quarter last year.

Several research firms have recently commented on PANW. Imperial Capital raised shares of Palo Alto Networks from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $137.00 to $165.00 in a report on Tuesday, September 5th. BidaskClub raised shares of Palo Alto Networks from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 17th. Argus raised shares of Palo Alto Networks from a “hold” rating to a “buy” rating and set a $183.00 target price for the company in a research note on Tuesday, September 5th. Stifel Nicolaus reissued a “buy” rating and set a $180.00 target price on shares of Palo Alto Networks in a research note on Tuesday, September 5th. Finally, William Blair restated a “market perform” rating on shares of Palo Alto Networks in a research report on Tuesday, September 5th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty-three have issued a buy rating to the company’s stock. Palo Alto Networks presently has a consensus rating of “Buy” and an average price target of $162.84.

In other news, EVP Nir Zuk sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $144.28, for a total transaction of $288,560.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Mark Anderson sold 44,429 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $143.10, for a total transaction of $6,357,789.90. Following the transaction, the president now directly owns 176,290 shares of the company’s stock, valued at $25,227,099. The disclosure for this sale can be found here. Insiders have sold a total of 343,213 shares of company stock worth $50,953,421 over the last 90 days. Corporate insiders own 4.80% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of PANW. First Trust Advisors LP grew its stake in shares of Palo Alto Networks by 55.1% in the third quarter. First Trust Advisors LP now owns 204,302 shares of the network technology company’s stock valued at $29,440,000 after buying an additional 72,573 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of Palo Alto Networks by 32.5% in the second quarter. Parametric Portfolio Associates LLC now owns 95,049 shares of the network technology company’s stock valued at $12,719,000 after buying an additional 23,292 shares in the last quarter. Synovus Financial Corp grew its stake in shares of Palo Alto Networks by 17.3% in the second quarter. Synovus Financial Corp now owns 14,361 shares of the network technology company’s stock valued at $1,919,000 after buying an additional 2,122 shares in the last quarter. Cambridge Trust Co. grew its stake in shares of Palo Alto Networks by 48.5% in the third quarter. Cambridge Trust Co. now owns 137,115 shares of the network technology company’s stock valued at $19,758,000 after buying an additional 44,759 shares in the last quarter. Finally, Trellus Management Company LLC bought a new position in shares of Palo Alto Networks in the third quarter valued at $461,000. 79.98% of the stock is owned by institutional investors.

Shares of Palo Alto Networks (PANW) traded down $0.67 during mid-day trading on Wednesday, reaching $143.49. 1,158,100 shares of the company’s stock traded hands, compared to its average volume of 1,761,420. Palo Alto Networks has a 52 week low of $107.31 and a 52 week high of $157.65.

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About Palo Alto Networks

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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