Palo Alto Networks, Inc. (NYSE:PANW) is set to announce fourth quarter earning results on Monday 24th August 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, PANW to report 4Q20 income of $ 1.39 per share.
For the full year, analysts anticipate top line of $ 3380.61 million, while looking forward to income of $ 4.79 per share bottom line.
The Company Outlook
Revenue for 4Q20 are expected in a range of $ 1,190.00 million ~ $ 1,210.00 million
Full Year 2020 topline are forecasted in a range of$ 3,373.00 million ~ $ 3,383.00 million, where as bottomline are predicted in a range of $ 4.78 ~ $ 4.81 per share
Click Here For More Historical Outlooks Of Palo Alto Networks, Inc.
Previous Quarter Performance
Palo Alto Networks, Inc. came out with income for the third quarter of $ 1.17 per share, from the revenue of $ 869.40 million. The quarterly earnings down 10.69 percent compared with the same quarter last year. Street analysts expected Palo Alto Networks, Inc. to report income of $ 0.93 per share on revenue of $ 829.48 million for the third quarter. The bottom line results beat street analysts by $ 0.24 or 25.81 percent, at the same time, top line results outshined analysts by $ 39.92 million or 4.81 percent.
Stock Performance
Shares of Palo Alto Networks, Inc. traded low $ -3.19 or -1.17 percent on Saturday, reaching $ 269.33 with volume of 1.43 million shares. The stock opened positive for the day at $ 273.62, after closing the previous day trading at $ 272.52.
According to the previous trading day, closing price of $ 272.52, representing a 117.20 % increase from the 52 week low of $ 125.47 and a 0.91 % decrease over the 52 week high of $ 275.03.
With respect to the key metrics, Palo Alto Networks, Inc. stock has advanced $ 52.71 or 24.00 percent, reaching $ 216.62 during the simple moving average (SMA) period of 200 days. Similarly, the stock has increased $ 16.77 or 7.00 percent, before arriving at $ 252.56 during the SMA50-day period.
The company has a market capital of $ 25.98 billion and is part of the Technology sector and Software – Application industry.
Recent Analyst recommendations
- On 20th August 2020, initiated by Deutsche Bank at Buy rating, with $ 328.00 target price.
- On 19th August 2020, maintained by Wells Fargo & Co at Overweight rating, with $ 300.00 target price.
- On 19th August 2020, maintained by BMO Capital Markets at Market Perform rating, with $ 300.00 target price.
Conference Call
Palo Alto Networks, Inc. will be hosting a conference call at 4:30 PM eastern time on 24th August 2020, to discuss its 4Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website https://paloaltonetworks.zoom.us/webinar/register/WN_fRgjZ7Y0R6eb4fuRElahUA
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.
