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.

PANW has been the topic of several research reports. Zacks Investment Research lowered Palo Alto Networks from a hold rating to a sell rating in a report on Tuesday, August 7th. UBS Group upped their target price on Palo Alto Networks from $212.00 to $232.00 and gave the company a neutral rating in a report on Friday, September 7th. Citigroup upped their target price on Palo Alto Networks from $237.00 to $270.00 and gave the company a buy rating in a report on Friday, September 7th. Royal Bank of Canada upped their target price on Palo Alto Networks to $250.00 in a report on Friday, September 7th. Finally, Evercore ISI reissued a buy rating and issued a $270.00 target price on shares of Palo Alto Networks in a report on Friday, September 7th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, thirty-two have assigned a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $239.51.

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.

See Also: Fundamental Analysis and Choosing Stocks

Receive News & Ratings for Palo Alto Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palo Alto Networks and related companies with MarketBeat.com's FREE daily email newsletter.