Palo Alto Networks (PANW) to Launch Earnings on Monday

August 15, 2022 tawas

Palo Alto Networks (NASDAQ:PANW – Get Ranking) will put up its quarterly earnings outcomes after the market closes on Monday, August twenty second. Analysts count on Palo Alto Networks to put up earnings of $2.28 per share for the quarter. Person who want to register for the corporate’s earnings convention name can accomplish that utilizing this hyperlink.

Palo Alto Networks (NASDAQ:PANW – Get Ranking) final launched its quarterly earnings knowledge on Thursday, Could nineteenth. The community know-how firm reported ($0.61) earnings per share (EPS) for the quarter, lacking the consensus estimate of ($0.40) by ($0.21). Palo Alto Networks had a unfavorable return on fairness of 57.50% and a unfavorable internet margin of seven.54%. The agency had income of $1.39 billion for the quarter, in comparison with analyst estimates of $1.36 billion. Throughout the identical quarter within the earlier 12 months, the enterprise posted ($0.62) earnings per share. Palo Alto Networks’ income for the quarter was up 29.1% on a year-over-year foundation. On common, analysts count on Palo Alto Networks to put up $-1 EPS for the present fiscal 12 months and $1 EPS for the subsequent fiscal 12 months.

Palo Alto Networks Buying and selling Up 2.0 %

Palo Alto Networks inventory opened at $526.88 on Monday. Palo Alto Networks has a 12-month low of $358.37 and a 12-month excessive of $640.90. The inventory has a market cap of $52.50 billion, a P/E ratio of -132.38, a PEG ratio of 23.62 and a beta of 1.18. The corporate has a 50-day transferring common worth of $502.58 and a 200 day transferring common worth of $531.18.

Insider Shopping for and Promoting at Palo Alto Networks

In different Palo Alto Networks information, CEO Nikesh Arora offered 3,125 shares of the enterprise’s inventory in a transaction on Wednesday, Could twenty fifth. The shares had been offered at a median worth of $500.52, for a complete worth of $1,564,125.00. Following the transaction, the chief government officer now immediately owns 489,791 shares of the corporate’s inventory, valued at roughly $245,150,191.32. The sale was disclosed in a submitting with the Securities & Alternate Fee, which is accessible by way of this hyperlink. In different Palo Alto Networks information, CEO Nikesh Arora offered 3,125 shares of the enterprise’s inventory in a transaction on Wednesday, Could twenty fifth. The shares had been offered at a median worth of $500.52, for a complete worth of $1,564,125.00. Following the transaction, the chief government officer now immediately owns 489,791 shares of the corporate’s inventory, valued at roughly $245,150,191.32. The sale was disclosed in a submitting with the Securities & Alternate Fee, which is accessible by way of this hyperlink. Additionally, Director Aparna Bawa offered 951 shares of the enterprise’s inventory in a transaction on Wednesday, Could twenty fifth. The shares had been offered at a median worth of $501.56, for a complete transaction of $476,983.56. Following the completion of the transaction, the director now immediately owns 1,899 shares within the firm, valued at $952,462.44. The disclosure for this sale might be discovered right here. Within the final three months, insiders have offered 56,805 shares of firm inventory valued at $419,078,584. 2.20% of the inventory is owned by firm insiders.

Hedge Funds Weigh In On Palo Alto Networks

Numerous institutional traders and hedge funds have just lately made modifications to their positions within the inventory. Covetor Ltd grew its stake in shares of Palo Alto Networks by 61.8% in the course of the 1st quarter. Covetor Ltd now owns 55 shares of the community know-how firm’s inventory price $35,000 after buying a further 21 shares in the course of the interval. Geneos Wealth Administration Inc. boosted its place in shares of Palo Alto Networks by 0.8% within the 1st quarter. Geneos Wealth Administration Inc. now owns 2,961 shares of the community know-how firm’s inventory price $1,843,000 after shopping for a further 23 shares within the final quarter. Brighton Jones LLC boosted its place in shares of Palo Alto Networks by 6.5% within the 1st quarter. Brighton Jones LLC now owns 425 shares of the community know-how firm’s inventory price $265,000 after shopping for a further 26 shares within the final quarter. Penserra Capital Administration LLC boosted its place in shares of Palo Alto Networks by 6.4% within the 1st quarter. Penserra Capital Administration LLC now owns 452 shares of the community know-how firm’s inventory price $281,000 after shopping for a further 27 shares within the final quarter. Lastly, Wealthfront Advisers LLC boosted its place in shares of Palo Alto Networks by 0.9% within the 1st quarter. Wealthfront Advisers LLC now owns 4,797 shares of the community know-how firm’s inventory price $2,986,000 after shopping for a further 41 shares within the final quarter. 84.33% of the inventory is owned by institutional traders and hedge funds.

Analyst Upgrades and Downgrades

PANW has been the topic of a variety of analysis stories. KeyCorp lifted their worth goal on shares of Palo Alto Networks from $610.00 to $729.00 and gave the corporate an “obese” score in a report on Tuesday, Could seventeenth. Cowen restated a “purchase” score and issued a $620.00 worth goal on shares of Palo Alto Networks in a report on Friday, Could twentieth. Wells Fargo & Firm restated a “purchase” score and issued a $700.00 worth goal on shares of Palo Alto Networks in a report on Friday, Could twentieth. Citigroup dropped their worth goal on shares of Palo Alto Networks from $610.00 to $605.00 in a report on Friday, July twenty second. Lastly, Barclays dropped their worth goal on shares of Palo Alto Networks from $645.00 to $605.00 and set an “obese” score for the corporate in a report on Tuesday, August ninth. Three analysts have rated the inventory with a maintain score and thirty-one have assigned a purchase score to the corporate’s inventory. In line with MarketBeat, the inventory presently has a consensus score of “Reasonable Purchase” and a median worth goal of $629.67.

About Palo Alto Networks

(Get Ranking)

Palo Alto Networks, Inc. offers cybersecurity options worldwide. The corporate gives firewall home equipment and software program; Panorama, a safety administration answer for the management of firewall home equipment and software program deployed on an end-customer’s community and situations in public or non-public cloud environments, as a digital or a bodily equipment; and digital system upgrades, which can be found as extensions to the digital system capability that ships with bodily home equipment.

Beneficial Tales

Earnings History for Palo Alto Networks (NASDAQ:PANW)

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