Palo Alto Networks (NASDAQ:PANW – Get Free Report) announced its quarterly earnings results on Monday. The network technology company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.07, Briefing.com reports. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.97 billion. Palo Alto Networks had a return on equity of 32.74% and a net margin of 31.42%. Palo Alto Networks’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.38 earnings per share. Palo Alto Networks updated its Q4 guidance to $1.40-1.42 EPS.
Palo Alto Networks Stock Down 1.0 %
PANW opened at $308.58 on Thursday. Palo Alto Networks has a twelve month low of $188.83 and a twelve month high of $380.84. The company has a 50-day moving average price of $289.10 and a 200 day moving average price of $299.07. The company has a market cap of $99.92 billion, a PE ratio of 44.85, a price-to-earnings-growth ratio of 5.03 and a beta of 1.18.
Insider Buying and Selling
In other Palo Alto Networks news, EVP Lee Klarich sold 121,276 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $299.60, for a total value of $36,334,289.60. Following the completion of the sale, the executive vice president now owns 166,542 shares in the company, valued at approximately $49,895,983.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Palo Alto Networks news, CAO Josh D. Paul sold 1,050 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $280.00, for a total value of $294,000.00. Following the completion of the sale, the chief accounting officer now owns 27,247 shares in the company, valued at approximately $7,629,160. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Lee Klarich sold 121,276 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $299.60, for a total transaction of $36,334,289.60. Following the completion of the sale, the executive vice president now owns 166,542 shares of the company’s stock, valued at approximately $49,895,983.20. The disclosure for this sale can be found here. Insiders sold a total of 280,193 shares of company stock worth $80,670,132 in the last 90 days. Insiders own 3.30% of the company’s stock.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on PANW
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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