Brokerages Anticipate Palo Alto Networks, Inc. (NYSE:PANW) to Announce $1.67 Earnings Per Share

Wall Street brokerages expect Palo Alto Networks, Inc. (NYSE:PANWGet Rating) to announce earnings per share (EPS) of $1.67 for the current quarter, Zacks reports. Fifteen analysts have made estimates for Palo Alto Networks’ earnings, with estimates ranging from $1.65 to $1.68. Palo Alto Networks posted earnings per share of $1.38 during the same quarter last year, which suggests a positive year over year growth rate of 21%. The company is scheduled to issue its next earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Palo Alto Networks will report full year earnings of $7.27 per share for the current year, with EPS estimates ranging from $7.24 to $7.30. For the next year, analysts forecast that the firm will post earnings of $8.98 per share, with EPS estimates ranging from $8.65 to $9.44. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Palo Alto Networks.

PANW has been the subject of a number of research reports. StockNews.com initiated coverage on Palo Alto Networks in a research note on Thursday, March 31st. They issued a “hold” rating for the company. BTIG Research increased their price target 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.

Shares of PANW opened at $491.01 on Wednesday. Palo Alto Networks has a 52 week low of $328.14 and a 52 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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