What is Scotiabank’s Forecast for PANW FY2027 Earnings?

Palo Alto Networks, Inc. (NASDAQ:PANW) – Investment analysts at Scotiabank issued their FY2027 earnings per share estimates for shares of Palo Alto Networks in a report released on Thursday, March 19th. Scotiabank analyst P. Colville forecasts that the network technology company will post earnings of $2.10 per share for the year. Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for Palo Alto Networks’ current full-year earnings is $1.76 per share.

Palo Alto Networks (NASDAQ:PANW) last released its earnings results on Wednesday, February 18th. The network technology company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.09. Palo Alto Networks had a return on equity of 17.60% and a net margin of 12.96%.The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.58 billion. During the same quarter last year, the firm posted $0.81 EPS. The company’s revenue was up 14.9% on a year-over-year basis.

Other analysts also recently issued reports about the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Palo Alto Networks in a report on Monday, December 29th. DA Davidson set a $190.00 price objective on shares of Palo Alto Networks and gave the stock a “buy” rating in a report on Wednesday, February 18th. Wedbush reaffirmed an “outperform” rating and set a $225.00 price objective on shares of Palo Alto Networks in a research report on Wednesday, February 18th. BTIG Research reiterated a “buy” rating and issued a $200.00 target price on shares of Palo Alto Networks in a research note on Wednesday, February 18th. Finally, Susquehanna decreased their target price on Palo Alto Networks from $230.00 to $200.00 and set a “positive” rating on the stock in a research report on Wednesday, February 18th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $210.19.

Palo Alto Networks Trading Up 0.7%

Shares of Palo Alto Networks stock opened at $164.05 on Monday. Palo Alto Networks has a 1 year low of $139.57 and a 1 year high of $223.61. The company’s fifty day simple moving average is $167.28 and its 200-day simple moving average is $188.50. The company has a market cap of $133.86 billion, a price-to-earnings ratio of 90.64, a PEG ratio of 5.88 and a beta of 0.78.

Institutional Investors Weigh In On Palo Alto Networks

A number of hedge funds have recently made changes to their positions in PANW. Norges Bank bought a new stake in Palo Alto Networks during the fourth quarter worth about $1,415,364,000. Vanguard Group Inc. raised its stake in shares of Palo Alto Networks by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company’s stock valued at $12,512,533,000 after acquiring an additional 2,659,100 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Palo Alto Networks by 11.9% in the 4th quarter. Bank of America Corp DE now owns 19,375,486 shares of the network technology company’s stock worth $3,568,964,000 after acquiring an additional 2,065,776 shares in the last quarter. Employees Provident Fund Board acquired a new position in shares of Palo Alto Networks in the 4th quarter worth approximately $281,542,000. Finally, Victory Capital Management Inc. grew its position in Palo Alto Networks by 108.3% during the 3rd quarter. Victory Capital Management Inc. now owns 2,467,692 shares of the network technology company’s stock worth $502,263,000 after acquiring an additional 1,282,738 shares during the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, CAO Josh D. Paul sold 800 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $184.81, for a total value of $147,848.00. Following the sale, the chief accounting officer directly owned 46,005 shares in the company, valued at $8,502,184.05. This represents a 1.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Lee Klarich sold 120,768 shares of the stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $191.03, for a total value of $23,070,311.04. Following the transaction, the executive vice president owned 298,887 shares of the company’s stock, valued at $57,096,383.61. This represents a 28.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 144,252 shares of company stock valued at $26,947,635 in the last 90 days. 1.40% of the stock is owned by corporate insiders.

About Palo Alto Networks

Palo Alto Networks (NASDAQ: PANW) is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company’s product portfolio includes next‑generation firewalls as a core on‑premises capability, alongside cloud‑delivered security services and software for securing public and private clouds.