What is Scotiabank’s Forecast for PANW FY2027 Earnings?

Palo Alto Networks, Inc. (NASDAQ:PANW) – Equities research analysts at Scotiabank issued their FY2027 earnings estimates for Palo Alto Networks in a report issued on Thursday, March 19th. Scotiabank analyst P. Colville anticipates that the network technology company will post earnings of $2.10 per share for the year. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for Palo Alto Networks’ current full-year earnings is $1.76 per share.

Several other research firms also recently commented on PANW. New Street Research decreased their price objective on Palo Alto Networks from $240.00 to $220.00 and set a “buy” rating for the company in a report on Thursday, February 19th. Robert W. Baird set a $220.00 target price on Palo Alto Networks and gave the stock an “outperform” rating in a report on Wednesday, February 18th. Truist Financial set a $200.00 price target on shares of Palo Alto Networks and gave the company a “buy” rating in a research report on Tuesday, February 17th. TD Cowen restated a “buy” rating on shares of Palo Alto Networks in a research note on Wednesday, February 18th. Finally, Guggenheim restated a “neutral” rating on shares of Palo Alto Networks in a report on Wednesday, February 18th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Palo Alto Networks has a consensus rating of “Moderate Buy” and an average target price of $210.19.

Palo Alto Networks Stock Performance

PANW stock opened at $162.95 on Monday. The stock’s 50 day simple moving average is $167.77 and its 200 day simple moving average is $188.70. The company has a market cap of $132.97 billion, a P/E ratio of 90.03, a price-to-earnings-growth ratio of 5.88 and a beta of 0.78. Palo Alto Networks has a fifty-two week low of $139.57 and a fifty-two week high of $223.61.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings data on Wednesday, February 18th. The network technology company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.09. Palo Alto Networks had a net margin of 12.96% and a return on equity of 17.60%. The company had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.58 billion. During the same quarter in the prior year, the firm earned $0.81 EPS. The business’s revenue was up 14.9% on a year-over-year basis.

Institutional Trading of Palo Alto Networks

Institutional investors and hedge funds have recently made changes to their positions in the company. Exchange Traded Concepts LLC lifted its stake in Palo Alto Networks by 29.4% in the third quarter. Exchange Traded Concepts LLC now owns 32,155 shares of the network technology company’s stock valued at $6,547,000 after purchasing an additional 7,301 shares during the last quarter. Westfield Capital Management Co. LP purchased a new stake in Palo Alto Networks in the third quarter worth $75,412,000. American Century Companies Inc. increased its position in Palo Alto Networks by 134.1% in the third quarter. American Century Companies Inc. now owns 672,129 shares of the network technology company’s stock worth $136,859,000 after buying an additional 384,985 shares during the last quarter. US Bancorp DE raised its stake in shares of Palo Alto Networks by 0.6% in the third quarter. US Bancorp DE now owns 1,364,442 shares of the network technology company’s stock valued at $277,828,000 after buying an additional 8,344 shares during the period. Finally, Silver Oak Securities Incorporated raised its stake in shares of Palo Alto Networks by 240.1% in the third quarter. Silver Oak Securities Incorporated now owns 11,732 shares of the network technology company’s stock valued at $2,389,000 after buying an additional 8,282 shares during the period. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Insider Buying and Selling

In other Palo Alto Networks news, Director James J. Goetz sold 22,684 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $164.41, for a total transaction of $3,729,476.44. Following the transaction, the director directly owned 52,500 shares in the company, valued at approximately $8,631,525. This trade represents a 30.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Josh D. Paul sold 800 shares of the firm’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $184.81, for a total value of $147,848.00. Following the transaction, the chief accounting officer owned 46,005 shares in the company, valued at approximately $8,502,184.05. This trade represents a 1.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 149,252 shares of company stock worth $27,888,535 in the last ninety days. Corporate insiders own 1.40% of the company’s stock.

Palo Alto Networks Company Profile

Palo Alto Networks (NASDAQ: PANW) is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company’s product portfolio includes next‑generation firewalls as a core on‑premises capability, alongside cloud‑delivered security services and software for securing public and private clouds.