Earnings and Growth Analysis : Palo Alto Networks (NYSE:PANW)

Earnings results for Palo Alto Networks (NYSE:PANW)

Palo Alto Networks, Inc. is expected* to report earnings on 08/24/2020 after market close. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.01. The reported EPS for the same quarter last year was $0.19.

Palo Alto Networks last released its quarterly earnings data on May 21st, 2020. The network technology company reported $1.17 earnings per share for the quarter, beating the consensus estimate of ($0.37) by $1.54. The company earned $869.40 million during the quarter, compared to the consensus estimate of $831.52 million. Its quarterly revenue was up 19.7% on a year-over-year basis. Palo Alto Networks has generated $0.63 earnings per share over the last year. Palo Alto Networks has confirmed that its next quarterly earnings report will be published on Monday, August 24th, 2020.

Analyst Opinion on Palo Alto Networks (NYSE:PANW)

34 Wall Street analysts have issued ratings and price targets for Palo Alto Networks in the last 12 months. Their average twelve-month price target is $280.09, predicting that the stock has a possible upside of 4.00%. The high price target for PANW is $328.00 and the low price target for PANW is $195.00. There are currently 8 hold ratings and 26 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Palo Alto Networks has received a consensus rating of Buy. The company’s average rating score is 2.76, and is based on 26 buy ratings, 8 hold ratings, and no sell ratings. According to analysts’ consensus price target of $280.09, Palo Alto Networks has a forecasted upside of 4.0% from its current price of $269.33. Palo Alto Networks has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Palo Alto Networks (NYSE:PANW)

Palo Alto Networks does not currently pay a dividend. Palo Alto Networks does not have a long track record of dividend growth.

Insiders buying/selling: Palo Alto Networks (NYSE:PANW)

In the past three months, Palo Alto Networks insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $15,366,230.00 in company stock. Only 2.30% of the stock of Palo Alto Networks is held by insiders. 77.40% of the stock of Palo Alto Networks is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Palo Alto Networks (NYSE:PANW

Earnings for Palo Alto Networks are expected to grow in the coming year, from ($0.55) to ($0.25) per share. The P/E ratio of Palo Alto Networks is -114.12, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Palo Alto Networks is -114.12, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Palo Alto Networks has a P/B Ratio of 16.47. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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