Palo Alto Networks (NASDAQ:PANW) Updates Q1 Earnings Guidance

Palo Alto Networks (NASDAQ:PANW) updated its first quarter earnings guidance on Monday. The company provided EPS guidance of $1.47-1.49 for the period, compared to the consensus EPS estimate of $1.42. The company issued revenue guidance of $2.10-2.13 billion, compared to the consensus revenue estimate of $2.10 billion. Palo Alto Networks also updated its FY25 guidance to $6.18-6.31 EPS.

Wall Street Analysts Forecast Growth

PANW has been the subject of several analyst reports. Redburn Atlantic lowered shares of Palo Alto Networks from a buy rating to a neutral rating and decreased their price objective for the company from $350.00 to $325.00 in a research note on Thursday, July 18th. Stifel Nicolaus increased their price target on Palo Alto Networks from $330.00 to $360.00 and gave the company a buy rating in a research report on Monday, August 12th. Morgan Stanley reissued an overweight rating and issued a $360.00 price objective on shares of Palo Alto Networks in a research report on Wednesday, June 12th. Argus raised their target price on Palo Alto Networks from $336.00 to $348.00 and gave the company a buy rating in a research report on Wednesday, May 29th. Finally, Daiwa Capital Markets started coverage on shares of Palo Alto Networks in a report on Wednesday, May 29th. They issued an outperform rating and a $350.00 price target on the stock. Thirteen investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Palo Alto Networks presently has a consensus rating of Moderate Buy and an average price target of $333.59.

Palo Alto Networks Stock Up 2.8 %

NASDAQ:PANW traded up $9.25 during midday trading on Monday, hitting $343.36. The company had a trading volume of 6,214,356 shares, compared to its average volume of 4,376,870. The stock’s fifty day moving average price is $326.31 and its 200-day moving average price is $310.65. Palo Alto Networks has a 52-week low of $224.64 and a 52-week high of $380.84. The company has a market capitalization of $111.18 billion, a PE ratio of 49.47, a P/E/G ratio of 4.48 and a beta of 1.14.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings data on Monday, May 20th. The network technology company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.07. The firm had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Palo Alto Networks had a return on equity of 32.74% and a net margin of 31.42%. The company’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.38 EPS. As a group, research analysts forecast that Palo Alto Networks will post 2.94 earnings per share for the current year.

Insider Transactions at Palo Alto Networks

In other news, CAO Josh D. Paul sold 200 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $338.00, for a total transaction of $67,600.00. Following the transaction, the chief accounting officer now directly owns 24,982 shares of the company’s stock, valued at $8,443,916. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Lee Klarich sold 125,866 shares of the firm’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $335.00, for a total value of $42,165,110.00. Following the sale, the executive vice president now directly owns 166,542 shares of the company’s stock, valued at $55,791,570. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Josh D. Paul sold 200 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $338.00, for a total value of $67,600.00. Following the completion of the sale, the chief accounting officer now owns 24,982 shares of the company’s stock, valued at approximately $8,443,916. The disclosure for this sale can be found here. In the last ninety days, insiders sold 367,315 shares of company stock worth $118,696,590. 3.30% of the stock is currently owned by insiders.

Palo Alto Networks Company Profile

Palo Alto Networks, Inc provides cybersecurity solutions worldwide. The company offers firewall appliances and software; and Panorama, a security management solution for the global control of network security platform as a virtual or a physical appliance. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention.