Palo Alto Networks (PANW), a leading network technology company, is set to announce its quarterly earnings results on Tuesday, May 23rd, after the market closes. Analysts are anticipating earnings of $0.93 per share for the quarter. The company previously released its earnings results on February 21st, reporting earnings per share of $0.34, surpassing the consensus estimate of $0.12 by $0.22.
During the last quarter, Palo Alto Networks achieved a return on equity of 36.62% and a net margin of 0.56%. The company’s revenue for the quarter was $1.66 billion, slightly exceeding analysts’ expectations of $1.65 billion. Analysts, on average, project earnings per share of $1 for the current fiscal year and $2 for the next fiscal year.
PANW stock, which opened at $193.00 on Tuesday, experienced a 3.2% decline. The company has a 52-week low of $132.22 and a 52-week high of $203.44. Its fifty-day moving average stands at $192.56, while the 200-day moving average is $175.30. With a market capitalization of $58.40 billion, Palo Alto Networks maintains a price-to-earnings ratio of 2,757.14, a price-to-earnings-growth ratio of 5.07, and a beta of 1.17.
PANW Stock Growth
Various equities research analysts have provided their opinions on PANW stock. Guggenheim downgraded the company’s shares from a “buy” rating to a “neutral” rating on January 17th. Conversely, JMP Securities raised the target price for the stock from $208.00 to $230.00 and rated it as “outperform” on February 22nd. Roth Mkm also increased their price target to $230.00 and gave Palo Alto Networks a “buy” rating on the same day. Furthermore, Oppenheimer raised their price target from $220.00 to $250.00 and rated the company as “outperform” on April 17th. A recent report by Rosenblatt Securities initiated coverage on Palo Alto Networks, giving it a “buy” rating and a $250.00 price target.
Looking ahead, investors are interested in PANW stock split and its forecast for 2025. While there is no recent news of a stock split, the company’s financial performance will likely influence future decisions. Additionally, analysts are closely watching the stock and providing price targets. Currently, Palo Alto Networks holds a consensus rating of “Strong Buy,” with an average price target of $218.27, reflecting analysts’ expectations for future growth.
Investors and industry experts are eagerly awaiting Palo Alto Networks’ upcoming quarterly earnings announcement to gain insights into the company’s financial performance and its potential impact on the stock market. As PANW stock continues to be closely monitored, the company’s future stock split and long-term forecasts, including the PANW stock forecast for 2025, will be important factors influencing investors’ decisions.
PANW Stock Analysis & Forecast
According to 39 analysts, the average target price for Palo Alto Networks Inc stock is estimated to be USD 218.27 within the next 12 months. The analysts have given Palo Alto Networks Inc an average rating of Strong Buy. STA Research analysis of the company suggests a Slightly Bullish outlook, based on 5 positive signals and 4 negative signals. As of the last closing, Palo Alto Networks Inc’s stock price stood at USD 193.00. Over the past week, the stock price has increased by +0.77%, while over the past month, it has decreased by -3.23%. However, when considering the last year, the stock price has shown a positive growth of +17.92%.
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