Technology
What to Expect When Palo Alto Networks Reports After the Close
Published:
Last Updated:
Palo Alto Networks Inc. (NYSE: PANW) is scheduled to release its most recent quarterly results after the markets close on Thursday. Consensus estimates are calling for $1.17 in earnings per share (EPS) and $633.05 million in revenue. The fiscal fourth quarter of last year had EPS of $0.92 and $509.1 million in revenue.
In June, Palo Alto preannounced numbers that exceeded even the highest of expectations. And many analysts are coming away with a higher level of confidence in the longevity of the company’s product revenue growth profile.
The company also recently changed chief executives, with Nikesh Arora (former chief operating officer of SoftBank and chief business officer at Google) taking up the reins.
This company is helping to lead a new era in cybersecurity by protecting thousands of enterprise, government and service provider networks from cyber threats. Unlike fragmented legacy products, its security platform safely enables business operations and delivers protection based on what matters most in today’s dynamic computing environments: applications, users and content.
Overall, Palo Alto Networks has outperformed the broad markets with its stock up 54% in the past 52 weeks. In just 2019 alone, the stock is up 53%.
A few analysts weighed in on the company ahead of the earnings report:
Palo Alto Networks shares were last seen at $221.82, with a consensus analyst price target of $229.93 and a 52-week trading range of $135.85 to $232.88.
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.