$1.36 Billion in Sales Expected for Palo Alto Networks, Inc. (NYSE:PANW) This Quarter

Equities analysts expect Palo Alto Networks, Inc. (NYSE:PANW – Get Rating) to report $1.36 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Fifteen analysts have provided estimates for Palo Alto Networks’ earnings, with the highest sales estimate coming in at $1.38 billion and the lowest estimate coming in at $1.35 billion. Palo Alto Networks posted sales of $1.07 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 27.1%. The business is scheduled to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Palo Alto Networks will report full-year sales of $5.46 billion for the current year, with estimates ranging from $5.43 billion to $5.49 billion. For the next year, analysts forecast that the business will post sales of $6.66 billion, with estimates ranging from $6.44 billion to $6.78 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Palo Alto Networks.

Several brokerages have recently weighed in on PANW. StockNews.com initiated coverage on shares of Palo Alto Networks in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. BTIG Research lifted their price objective on shares of Palo Alto Networks from $610.00 to $720.00 and gave the company a “buy” rating in a research note on Friday, April 8th.

PANW opened at $571.58 on Friday. Palo Alto Networks has a twelve month low of $322.23 and a twelve month high of $640.90.

Palo Alto Networks Company Profile (Get Rating)

Palo Alto Networks, Inc provides cybersecurity solutions worldwide. The company offers firewall appliances and software; Panorama, a security management solution for the control of firewall appliances and software deployed on an end-customer's network and instances in public or private cloud environments, 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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