Equities analysts expect that Palo Alto Networks Inc (NYSE:PANW) will post $525.37 million in sales for the current quarter, according to Zacks. Thirteen analysts have made 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 would indicate a positive year-over-year growth rate of 24.3%. The company is scheduled to announce its next quarterly 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 year, analysts anticipate that the firm will post sales of $2.60 billion per share, with estimates ranging from $2.55 billion to $2.68 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover Palo Alto Networks.

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

PANW has been the subject of a number of recent research reports. Dougherty & Co boosted their price target on Palo Alto Networks from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, September 28th. Maxim Group reiterated a “buy” rating and set a $195.00 price objective (up from $168.00) on shares of Palo Alto Networks in a research note on Thursday, September 28th. Zacks Investment Research upgraded Palo Alto Networks from a “hold” rating to a “buy” rating and set a $164.00 price objective for the company in a research note on Tuesday, October 10th. Oppenheimer reiterated a “buy” rating and set a $173.00 price objective on shares of Palo Alto Networks in a research note on Thursday, September 28th. Finally, Northland Securities set a $175.00 price objective on Palo Alto Networks and gave the company a “buy” rating in a research note on Wednesday, October 18th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty-two have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $164.89.

Palo Alto Networks (PANW) traded down $1.90 during trading on Tuesday, hitting $151.60. The company’s stock had a trading volume of 1,140,000 shares, compared to its average volume of 1,000,000. The company has a market cap of $13,930.00, a P/E ratio of -61.63 and a beta of 0.99. Palo Alto Networks has a 1-year low of $107.31 and a 1-year high of $157.65.

In other news, CMO Rene Bonvanie sold 16,596 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $151.83, for a total transaction of $2,519,770.68. Following the sale, the chief marketing officer now directly owns 95,584 shares of the company’s stock, valued at approximately $14,512,518.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James J. Goetz sold 68,000 shares of the company’s stock in a transaction that occurred on Friday, December 28th. The stock was sold at an average price of $146.85, for a total value of $9,985,800.00. Following the sale, the director now directly owns 203,645 shares in the company, valued at $29,905,268.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 354,644 shares of company stock worth $52,415,318. 4.80% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Sun Life Financial INC raised its holdings in shares of Palo Alto Networks by 785.0% during the 2nd quarter. Sun Life Financial INC now owns 1,000 shares of the network technology company’s stock worth $134,000 after acquiring an additional 887 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in shares of Palo Alto Networks during the 3rd quarter worth approximately $162,000. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Palo Alto Networks by 495.2% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,232 shares of the network technology company’s stock worth $178,000 after acquiring an additional 1,025 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Palo Alto Networks by 30.0% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,396 shares of the network technology company’s stock worth $188,000 after acquiring an additional 322 shares in the last quarter. Finally, Shelton Capital Management purchased a new stake in shares of Palo Alto Networks during the 2nd quarter worth approximately $201,000. 79.98% of the stock is currently owned by institutional investors and hedge funds.

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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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