Palo Alto Networks (NASDAQ:PANW – Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 6.260-6.390 for the period, compared to the consensus EPS estimate of 6.280. The company issued revenue guidance of $9.1 billion-$9.2 billion, compared to the consensus revenue estimate of $9.1 billion. Palo Alto Networks also updated its FY25 guidance to $6.26-6.39 EPS.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on the stock. Oppenheimer increased their target price on shares of Palo Alto Networks from $410.00 to $450.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Rosenblatt Securities raised their price target on shares of Palo Alto Networks from $345.00 to $390.00 and gave the stock a “neutral” rating in a report on Monday. The Goldman Sachs Group boosted their price objective on shares of Palo Alto Networks from $376.00 to $425.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Scotiabank boosted their price objective on shares of Palo Alto Networks from $385.00 to $400.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Finally, Northland Securities upped their target price on shares of Palo Alto Networks from $275.00 to $350.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 20th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $391.92.
Get Our Latest Stock Analysis on Palo Alto Networks
Palo Alto Networks Price Performance
Palo Alto Networks (NASDAQ:PANW – Get Free Report) last issued its quarterly earnings data on Wednesday, November 20th. The network technology company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.08. Palo Alto Networks had a return on equity of 26.83% and a net margin of 32.11%. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same quarter last year, the business posted $0.63 earnings per share. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. As a group, analysts forecast that Palo Alto Networks will post 3.56 EPS for the current year.
Insider Transactions at Palo Alto Networks
In related news, Director Mary Pat Mccarthy sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $348.49, for a total transaction of $3,484,900.00. Following the sale, the director now owns 31,517 shares of the company’s stock, valued at approximately $10,983,359.33. The trade was a 24.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Nikesh Arora sold 81,586 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $367.99, for a total transaction of $30,022,832.14. Following the completion of the transaction, the chief executive officer now directly owns 618,715 shares of the company’s stock, valued at approximately $227,680,932.85. This represents a 11.65 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 254,252 shares of company stock worth $89,041,637. Company insiders own 2.50% of the company’s stock.
Palo Alto Networks Company Profile
Palo Alto Networks, Inc provides cybersecurity solutions worldwide. The company offers firewall appliances and software; and Panorama, a security management solution for the global control of network security platform as a virtual or a physical appliance. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention.
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