Palo Alto Networks (NASDAQ:PANW – Get Free Report) announced its quarterly earnings data on Monday. The network technology company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.10, Briefing.com reports. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.16 billion. Palo Alto Networks had a return on equity of 32.74% and a net margin of 31.42%. Palo Alto Networks’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.80 EPS. Palo Alto Networks updated its Q1 guidance to $1.47-1.49 EPS and its FY25 guidance to $6.18-6.31 EPS.
Palo Alto Networks Price Performance
PANW opened at $364.45 on Wednesday. The business has a fifty day simple moving average of $328.10 and a 200 day simple moving average of $310.84. Palo Alto Networks has a 1 year low of $224.64 and a 1 year high of $380.84. The company has a market capitalization of $118.01 billion, a PE ratio of 53.49, a price-to-earnings-growth ratio of 4.48 and a beta of 1.14.
Insiders Place Their Bets
In other Palo Alto Networks news, President William D. Jenkins, Jr. sold 1,621 shares of Palo Alto Networks stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $306.92, for a total value of $497,517.32. Following the completion of the sale, the president now owns 20,501 shares in the company, valued at approximately $6,292,166.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Palo Alto Networks news, CAO Josh D. Paul sold 200 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $338.00, for a total transaction of $67,600.00. Following the completion of the transaction, the chief accounting officer now directly owns 24,982 shares in the company, valued at $8,443,916. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President William D. Jenkins, Jr. sold 1,621 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $306.92, for a total value of $497,517.32. Following the completion of the sale, the president now directly owns 20,501 shares in the company, valued at $6,292,166.92. The disclosure for this sale can be found here. Insiders have sold 366,993 shares of company stock worth $118,596,770 in the last 90 days. Company insiders own 3.30% of the company’s stock.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on PANW
About Palo Alto Networks
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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