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

Equities research analysts expect Palo Alto Networks, Inc. (NYSE:PANWGet Rating) to report sales of $1.36 billion for the current fiscal quarter, according to Zacks Investment Research. Fifteen analysts have made 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 reported sales of $1.07 billion during the same quarter last year, which would suggest a positive year over year growth rate of 27.1%. The business is expected to issue its next quarterly earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Palo Alto Networks will report full-year sales of $5.46 billion for the current fiscal year, with estimates ranging from $5.43 billion to $5.49 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $6.65 billion, with estimates ranging from $6.44 billion to $6.78 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Palo Alto Networks.

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

NYSE PANW opened at $478.51 on Friday. Palo Alto Networks has a fifty-two week low of $322.23 and a fifty-two week high of $640.90.

About Palo Alto Networks (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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