Wall Street analysts forecast that Palo Alto Networks Inc (NYSE:PANW) will report sales of $682.76 million for the current fiscal quarter, according to Zacks. Fourteen analysts have made estimates for Palo Alto Networks’ earnings, with estimates ranging from $679.60 million to $695.47 million. Palo Alto Networks reported sales of $542.40 million during the same quarter last year, which indicates a positive year-over-year growth rate of 25.9%. The company is scheduled to report its next earnings report after the market closes on Tuesday, February 26th.

According to Zacks, analysts expect that Palo Alto Networks will report full-year sales of $2.83 billion for the current year, with estimates ranging from $2.78 billion to $2.88 billion. For the next year, analysts expect that the company will post sales of $3.36 billion, with estimates ranging from $3.24 billion to $3.53 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Palo Alto Networks.

Palo Alto Networks (NYSE:PANW) last released its quarterly earnings data on Thursday, November 29th. The network technology company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.02. The company had revenue of $656.00 million for the quarter, compared to the consensus estimate of $632.16 million. Palo Alto Networks had a negative return on equity of 1.72% and a negative net margin of 5.04%. Palo Alto Networks’s quarterly revenue was up 30.7% on a year-over-year basis. During the same period last year, the business posted $0.74 EPS.

PANW has been the topic of several research reports. Credit Suisse Group cut their price target on Palo Alto Networks from $185.00 to $160.00 in a research note on Sunday, December 9th. Raymond James reissued a “buy” rating on shares of Palo Alto Networks in a research report on Sunday, December 2nd. ValuEngine downgraded shares of Palo Alto Networks from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 29th. Gabelli raised shares of Palo Alto Networks from a “hold” rating to a “buy” rating and set a $207.00 target price on the stock in a research report on Friday, November 30th. Finally, Maxim Group raised their target price on shares of Palo Alto Networks from $274.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, November 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-three have given a buy rating and three have assigned a strong buy rating to the company. Palo Alto Networks has a consensus rating of “Buy” and a consensus price target of $244.76.

Shares of Palo Alto Networks stock traded up $1.61 during trading on Monday, hitting $226.77. 982,871 shares of the stock traded hands, compared to its average volume of 1,193,819. The firm has a market cap of $21.52 billion, a P/E ratio of -412.31, a P/E/G ratio of 13.32 and a beta of 0.91. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 1.10. Palo Alto Networks has a 52-week low of $160.08 and a 52-week high of $239.50.

In other news, EVP Nir Zuk sold 30,000 shares of the business’s stock in a transaction dated Friday, December 7th. The stock was sold at an average price of $177.48, for a total transaction of $5,324,400.00. Following the sale, the executive vice president now owns 1,076,683 shares in the company, valued at $191,089,698.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Rene Bonvanie sold 9,330 shares of the business’s stock in a transaction dated Tuesday, January 15th. The stock was sold at an average price of $200.00, for a total value of $1,866,000.00. Following the sale, the chief marketing officer now owns 45,785 shares in the company, valued at approximately $9,157,000. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 164,524 shares of company stock worth $32,949,611. 3.10% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in PANW. Bruderman Asset Management LLC purchased a new stake in Palo Alto Networks in the fourth quarter valued at approximately $38,000. Karp Capital Management Corp purchased a new stake in Palo Alto Networks in the fourth quarter valued at approximately $40,000. Financial Advocates Investment Management boosted its position in Palo Alto Networks by 65.2% in the fourth quarter. Financial Advocates Investment Management now owns 114 shares of the network technology company’s stock valued at $43,000 after buying an additional 45 shares during the last quarter. Captrust Financial Advisors boosted its position in Palo Alto Networks by 278.8% in the fourth quarter. Captrust Financial Advisors now owns 250 shares of the network technology company’s stock valued at $47,000 after buying an additional 184 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Palo Alto Networks by 26.6% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 262 shares of the network technology company’s stock valued at $49,000 after acquiring an additional 55 shares during the last quarter. 80.63% of the stock is currently owned by institutional investors.

About Palo Alto Networks

Palo Alto Networks, Inc provides security platform solutions worldwide. The company provides firewall appliances and software; Panorama, a security management solution for the control of appliances deployed on an end-customer's network as a virtual or a physical appliance; and Virtual System Upgrades, which are available as extensions to the virtual system capacity that ships with physical appliances.

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