Palo Alto Networks Inc. (NYSE:PANW) will release its Q117 earnings data on Monday, November 21st. Palo Alto Networks has set its Q1 guidance at $0.51-0.53 EPS and its FY17 guidance at $2.75-2.80 EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Palo Alto Networks (NYSE:PANW) last released its earnings results on Tuesday, August 30th. The network technology company reported $0.50 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.50. Palo Alto Networks had a negative net margin of 16.39% and a negative return on equity of 34.28%. The company had revenue of $400.80 million for the quarter, compared to analyst estimates of $389.90 million. During the same quarter last year, the firm earned $0.28 EPS. The firm’s quarterly revenue was up 41.2% compared to the same quarter last year. On average, analysts expect Palo Alto Networks to post $2.78 EPS for the current fiscal year and $3.80 EPS for the next fiscal year.

Earnings History for Palo Alto Networks (NYSE:PANW)

Shares of Palo Alto Networks Inc. (NYSE:PANW) opened at 160.43 on Thursday. The firm’s 50-day moving average is $153.41 and its 200 day moving average is $139.82. The stock’s market cap is $14.58 billion. Palo Alto Networks Inc. has a 12 month low of $111.09 and a 12 month high of $194.73.

Several brokerages have weighed in on PANW. RBC Capital Markets reaffirmed an “outperform” rating and set a $175.00 price target (down previously from $185.00) on shares of Palo Alto Networks in a report on Wednesday, August 31st. Argus reissued a “buy” rating and issued a $205.00 target price on shares of Palo Alto Networks in a report on Saturday, September 3rd. Piper Jaffray Cos. reissued an “overweight” rating and issued a $170.00 target price (up previously from $167.00) on shares of Palo Alto Networks in a report on Wednesday, August 31st. Imperial Capital reissued an “outperform” rating and issued a $190.00 target price on shares of Palo Alto Networks in a report on Thursday, September 1st. Finally, Maxim Group lowered their target price on shares of Palo Alto Networks from $215.00 to $185.00 and set a “buy” rating on the stock in a report on Wednesday, August 31st. Seven analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has given a strong buy rating to the company’s stock. Palo Alto Networks currently has an average rating of “Buy” and a consensus target price of $181.48.

In other Palo Alto Networks news, CFO Steffan Tomlinson sold 2,332 shares of the firm’s stock in a transaction on Wednesday, September 21st. The stock was sold at an average price of $148.98, for a total value of $347,421.36. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Mark D. Mclaughlin sold 70,000 shares of the firm’s stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $140.00, for a total value of $9,800,000.00. Following the completion of the transaction, the chief executive officer now owns 667,303 shares in the company, valued at approximately $93,422,420. The disclosure for this sale can be found here. Insiders own 4.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Two Sigma Advisers LP purchased a new position in shares of Palo Alto Networks during the third quarter worth $239,000. Profund Advisors LLC purchased a new position in shares of Palo Alto Networks during the third quarter worth $252,000. Quadrature Capital Ltd purchased a new position in shares of Palo Alto Networks during the second quarter worth $237,000. Aviance Capital Partners LLC raised its position in shares of Palo Alto Networks by 26.5% in the second quarter. Aviance Capital Partners LLC now owns 1,960 shares of the network technology company’s stock worth $240,000 after buying an additional 410 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in shares of Palo Alto Networks by 23.6% in the second quarter. Prudential Financial Inc. now owns 2,150 shares of the network technology company’s stock worth $264,000 after buying an additional 410 shares during the last quarter. Institutional investors own 82.64% of the company’s stock.

Palo Alto Networks Company Profile

Palo Alto Networks, Inc is a security company. The Company’s security platform consists of three elements: its Next-Generation Firewall, its Advanced Endpoint Protection, and its Threat Intelligence Cloud. The Company’s Next-Generation Firewall delivers application, user, and content visibility and control, as well as protection against network-based cyber threats integrated within the firewall through its hardware and software architecture.

5 Day Chart for NYSE:PANW

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