Palo Alto Networks, Inc. (NYSE:PANW) is reporting first quarter financial results on Monday 16th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, PANW is expected to report 1Q21 income of $ 1.33 per share from revenue of $ 921.64 million.
For the full year, analysts anticipate top line of $ 4023.80 million, while looking forward to income of $ 5.60 per share bottom line.
The Company Outlook
Earnings for 1Q21 are anticipated in a range of $ 1.32 ~ $ 1.35 per share, while revenues are expected in a range of $ 915.00 million ~ $ 925.00 million
Click Here For More Historical Outlooks Of Palo Alto Networks, Inc.
Previous Quarter Performance
Palo Alto Networks, Inc. disclosed income for the fourth quarter of $ 1.48 per share, from the revenue of $ 950.40 million. The quarterly earnings developed 0.68 percent while revenues extended 17.94 percent compared with the same quarter last year.
Wall street analysts are predicting, PANW to report 4Q20 income of $ 1.39 per share from revenue of $ 923.24 million. The bottom line results beat street analysts by $ 0.09 or 6.47 percent, at the same time, top line results outshined analysts by $ 27.16 million or 2.94 percent.
Stock Performance
On Friday, shares of Palo Alto Networks, Inc. has traded high as $ 260.94 and has cracked $ 253.00 on the downward trend, reaching $ 258.70 with volume of 1.62 million shares.
According to the previous trading day, closing price of $ 258.70, representing a 100.81 % increase from the 52 week low of $ 125.47 and a 8.39 % decrease over the 52 week high of $ 275.03.
The company has a market capital of $ 24.57 billion and is part of the Technology sector and Software – Application industry.
Conference Call
Palo Alto Networks, Inc. will be hosting a conference call at 8:00 AM eastern time on 16th November 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.paloaltonetworks.com
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-customers 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.
