Equities analysts predict that Palo Alto Networks Inc (NYSE:PANW) will post earnings per share of $1.25 for the current quarter, according to Zacks Investment Research. Thirteen analysts have issued estimates for Palo Alto Networks’ earnings, with the highest EPS estimate coming in at $1.29 and the lowest estimate coming in at $1.24. Palo Alto Networks reported earnings of $0.99 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 26.3%. The firm is scheduled to issue its next earnings results on Monday, June 3rd.

On average, analysts expect that Palo Alto Networks will report full year earnings of $5.46 per share for the current financial year, with EPS estimates ranging from $5.27 to $5.61. For the next fiscal year, analysts forecast that the company will post earnings of $6.40 per share, with EPS estimates ranging from $6.07 to $6.80. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Palo Alto Networks.

Palo Alto Networks (NYSE:PANW) last released its quarterly earnings data on Tuesday, February 26th. The network technology company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.20. The company had revenue of $711.00 million for the quarter, compared to analyst estimates of $682.32 million. Palo Alto Networks had a positive return on equity of 4.69% and a negative net margin of 3.47%. The company’s revenue was up 30.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.97 EPS.

A number of equities analysts recently commented on the company. Zacks Investment Research cut Palo Alto Networks from a “buy” rating to a “hold” rating in a report on Thursday. Dougherty & Co restated a “buy” rating and set a $300.00 price objective (up from $260.00) on shares of Palo Alto Networks in a research report on Wednesday, February 27th. Monness Crespi & Hardt restated a “buy” rating and set a $280.00 price objective (up from $235.00) on shares of Palo Alto Networks in a research report on Wednesday, February 27th. Credit Suisse Group raised their price objective on shares of Palo Alto Networks from $160.00 to $190.00 and gave the stock an “underperform” rating in a research report on Wednesday, February 27th. Finally, KeyCorp raised their price objective on shares of Palo Alto Networks from $250.00 to $280.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $268.85.

Palo Alto Networks stock traded down $3.97 during midday trading on Thursday, reaching $235.46. 1,037,762 shares of the company’s stock were exchanged, compared to its average volume of 1,314,676. Palo Alto Networks has a 52 week low of $160.08 and a 52 week high of $260.63. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.87 and a current ratio of 1.87. The stock has a market capitalization of $23.09 billion, a P/E ratio of -428.11, a PEG ratio of 11.88 and a beta of 0.85.

In other Palo Alto Networks news, Director Mark D. Mclaughlin sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $216.37, for a total transaction of $8,654,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Jean Compeau sold 1,701 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $235.37, for a total transaction of $400,364.37. Following the transaction, the chief accounting officer now owns 23,836 shares of the company’s stock, valued at $5,610,279.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 242,044 shares of company stock valued at $56,171,679. Company insiders own 3.10% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Palo Alto Networks by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 7,709,183 shares of the network technology company’s stock valued at $1,736,571,000 after acquiring an additional 94,743 shares during the period. Northern Trust Corp boosted its holdings in Palo Alto Networks by 3.5% in the 4th quarter. Northern Trust Corp now owns 1,135,398 shares of the network technology company’s stock worth $213,853,000 after buying an additional 38,069 shares during the period. Navellier & Associates Inc boosted its holdings in Palo Alto Networks by 23.9% in the 4th quarter. Navellier & Associates Inc now owns 3,317 shares of the network technology company’s stock worth $625,000 after buying an additional 639 shares during the period. Pinnacle Wealth Planning Services Inc. boosted its holdings in Palo Alto Networks by 11.1% in the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 1,131 shares of the network technology company’s stock worth $213,000 after buying an additional 113 shares during the period. Finally, Gateway Investment Advisers LLC boosted its holdings in Palo Alto Networks by 0.3% in the 4th quarter. Gateway Investment Advisers LLC now owns 27,497 shares of the network technology company’s stock worth $5,179,000 after buying an additional 95 shares during the period. Institutional investors and hedge funds own 80.88% of the company’s stock.

About Palo Alto Networks

Palo Alto Networks, Inc provides security platform solutions worldwide. The company provides firewall appliances and software; Panorama, a security management solution for the control of appliances deployed on an end-customer's network 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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