Palo Alto Networks (PANW) Releases Q1 Earnings Guidance
Palo Alto Networks (NYSE:PANW) issued an update on its first quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $1.04-1.06 for the period, compared to the Thomson Reuters consensus estimate of $1.06. The company issued revenue guidance of $625 -635 million, compared to the consensus revenue estimate of $632.46 million.Palo Alto Networks also updated its Q1 2019 guidance to $1.04-1.06 EPS.
Palo Alto Networks stock traded down $2.75 during trading hours on Monday, hitting $209.20. The stock had a trading volume of 888,300 shares, compared to its average volume of 1,362,760. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.93 and a current ratio of 1.93. The firm has a market capitalization of $21.13 billion, a price-to-earnings ratio of -383.98, a price-to-earnings-growth ratio of 15.82 and a beta of 0.88. Palo Alto Networks has a 1-year low of $135.85 and a 1-year high of $239.50.
Palo Alto Networks (NYSE:PANW) last posted its earnings results on Thursday, September 6th. The network technology company reported $1.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.11. The company had revenue of $658.10 million for the quarter, compared to analyst estimates of $634.14 million. Palo Alto Networks had a negative return on equity of 4.12% and a negative net margin of 6.51%. Palo Alto Networks’s revenue was up 29.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.92 earnings per share. As a group, sell-side analysts forecast that Palo Alto Networks will post 0.61 EPS for the current fiscal year.
In related news, Director Mark D. Mclaughlin sold 40,000 shares of the stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $235.24, for a total transaction of $9,409,600.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Kathleen Bonanno sold 1,097 shares of the stock in a transaction dated Wednesday, July 25th. The stock was sold at an average price of $208.77, for a total value of $229,020.69. Following the transaction, the chief financial officer now owns 35,882 shares in the company, valued at $7,491,085.14. The disclosure for this sale can be found here. Insiders have sold 290,275 shares of company stock worth $64,322,762 over the last quarter. 4.80% of the stock is currently owned by company insiders.
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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