Wall Street brokerages forecast that Palo Alto Networks Inc (NYSE:PANW) will announce $1.14 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Eleven analysts have provided estimates for Palo Alto Networks’ earnings, with the highest EPS estimate coming in at $1.29 and the lowest estimate coming in at $1.11. Palo Alto Networks reported earnings of $1.51 per share during the same quarter last year, which suggests a negative year over year growth rate of 24.5%. The firm is expected to report its next quarterly earnings results on Tuesday, February 25th.

According to Zacks, analysts expect that Palo Alto Networks will report full-year earnings of $4.97 per share for the current fiscal year, with EPS estimates ranging from $4.90 to $5.07. For the next financial year, analysts forecast that the business will post earnings of $6.16 per share, with EPS estimates ranging from $5.78 to $6.50. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Palo Alto Networks.

Palo Alto Networks (NYSE:PANW) last announced its earnings results on Monday, November 25th. The network technology company reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $1.22. The company had revenue of $772.00 million during the quarter, compared to analyst estimates of $769.34 million. Palo Alto Networks had a negative net margin of 3.42% and a positive return on equity of 2.43%. Palo Alto Networks’s revenue was up 17.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.17 earnings per share.

Several brokerages have weighed in on PANW. Wedbush reaffirmed a “buy” rating and set a $275.00 target price on shares of Palo Alto Networks in a research note on Thursday, September 5th. SunTrust Banks reaffirmed a “buy” rating and set a $246.00 target price on shares of Palo Alto Networks in a research note on Tuesday, November 26th. Piper Jaffray Companies began coverage on shares of Palo Alto Networks in a research note on Friday, November 8th. They set a “neutral” rating and a $270.00 target price for the company. JPMorgan Chase & Co. increased their target price on shares of Palo Alto Networks from $270.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, September 5th. Finally, BMO Capital Markets increased their target price on shares of Palo Alto Networks from $245.00 to $248.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 26th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $261.06.

In other Palo Alto Networks news, EVP Nir Zuk sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $210.66, for a total transaction of $2,527,920.00. Following the sale, the executive vice president now owns 924,695 shares of the company’s stock, valued at $194,796,248.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Nikesh Arora acquired 25,000 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were bought at an average cost of $221.54 per share, for a total transaction of $5,538,500.00. Following the acquisition, the chief executive officer now owns 479,429 shares of the company’s stock, valued at approximately $106,212,700.66. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 77,610 shares of company stock worth $16,437,971. 2.30% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the business. Capital Investment Advisory Services LLC raised its holdings in Palo Alto Networks by 322.6% during the third quarter. Capital Investment Advisory Services LLC now owns 131 shares of the network technology company’s stock worth $27,000 after purchasing an additional 100 shares in the last quarter. Tower Research Capital LLC TRC acquired a new stake in Palo Alto Networks during the second quarter worth approximately $30,000. Glassman Wealth Services raised its holdings in Palo Alto Networks by 347.2% during the third quarter. Glassman Wealth Services now owns 161 shares of the network technology company’s stock worth $33,000 after purchasing an additional 125 shares in the last quarter. CSat Investment Advisory L.P. acquired a new stake in Palo Alto Networks during the second quarter worth approximately $33,000. Finally, Cypress Capital Management LLC WY acquired a new stake in Palo Alto Networks during the second quarter worth approximately $51,000. 79.91% of the stock is currently owned by institutional investors.

Shares of PANW stock opened at $224.71 on Tuesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.78 and a quick ratio of 1.78. The firm has a market cap of $22.26 billion, a PE ratio of 356.68 and a beta of 0.94. The company has a 50-day moving average of $230.22 and a two-hundred day moving average of $215.49. Palo Alto Networks has a 1-year low of $168.80 and a 1-year high of $260.63.

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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