Palo Alto Networks (NASDAQ:PANW - Get Free Report) updated its FY25 earnings guidance on Wednesday. The company provided EPS guidance of $6.26-6.39 for the period, compared to the consensus EPS estimate of $6.28. The company issued revenue guidance of $9.12-9.17 billion, compared to the consensus revenue estimate of $9.13 billion. Palo Alto Networks also updated its Q2 guidance to $1.54-1.56 EPS.
PANW has been the topic of a number of recent analyst reports. JMP Securities reiterated a "market outperform" rating and issued a $380.00 target price on shares of Palo Alto Networks in a research report on Monday, November 4th. Robert W. Baird raised their price target on shares of Palo Alto Networks from $385.00 to $425.00 and gave the company an "outperform" rating in a research report on Friday, November 15th. Truist Financial upped their price target on shares of Palo Alto Networks from $400.00 to $425.00 and gave the company a "buy" rating in a research note on Monday. Scotiabank lifted their price objective on Palo Alto Networks from $385.00 to $400.00 and gave the stock a "sector outperform" rating in a report on Tuesday, August 20th. Finally, BTIG Research upped their price objective on shares of Palo Alto Networks from $366.00 to $395.00 and gave the stock a "buy" rating in a report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $391.92.
Check Out Our Latest Stock Report on PANW
Shares of Palo Alto Networks stock traded up $4.83 during trading on Wednesday, reaching $392.89. The company's stock had a trading volume of 5,069,620 shares, compared to its average volume of 3,835,207. The company has a 50-day moving average price of $361.53 and a two-hundred day moving average price of $338.02. Palo Alto Networks has a fifty-two week low of $258.17 and a fifty-two week high of $408.53. The firm has a market cap of $127.92 billion, a PE ratio of 53.53, a P/E/G ratio of 5.61 and a beta of 1.12.
Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its quarterly earnings results on Wednesday, November 20th. The network technology company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.48 by $0.08. Palo Alto Networks had a net margin of 32.11% and a return on equity of 26.83%. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the prior year, the business posted $0.63 earnings per share. Palo Alto Networks's revenue for the quarter was up 13.9% compared to the same quarter last year. On average, analysts predict that Palo Alto Networks will post 3.56 earnings per share for the current fiscal year.
In other Palo Alto Networks news, EVP Nir Zuk sold 36,000 shares of the company's stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $332.50, for a total transaction of $11,970,000.00. Following the completion of the sale, the executive vice president now owns 1,115,567 shares in the company, valued at approximately $370,926,027.50. The trade was a 3.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Nikesh Arora sold 81,586 shares of the firm's stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $367.99, for a total transaction of $30,022,832.14. Following the sale, the chief executive officer now owns 618,715 shares in the company, valued at approximately $227,680,932.85. The trade was a 11.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 254,252 shares of company stock valued at $89,041,637 over the last three months. Company insiders own 2.50% of the company's stock.
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.
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