Palo Alto Networks, Inc. PANW is expected to release earnings results for its fourth quarter, after the closing bell on Monday, Aug. 19.
Analysts expect the Santa Clara, California-based company to report quarterly earnings at $1.41 per share, down from $1.44 per share in the year-ago period. Palo Alto is projected to report quarterly revenue of $2.16 billion, compared to $1.95 billion a year earlier, according to data from Benzinga Pro.
On May 20, Palo Alto Networks reported quarterly earnings of $1.32 per share which beat the analyst consensus estimate of $1.25 per share.
Palo Alto shares fell 2.7% to close at $334.11 on Friday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.
- Wedbush analyst Daniel Ives reiterated an Outperform rating with a price target of $375 on Aug. 16. This analyst has an accuracy rate of 74%.
- Baird analyst Shrenik Kothari maintained an Outperform rating and boosted the price target from $360 to $375 on Aug. 16. This analyst has an accuracy rate of 80%.
- Citigroup analyst Fatima Boolani maintained a Buy rating on Aug. 14. This analyst has an accuracy rate of 72%.
- Stifel analyst Adam Borg maintained a Buy rating and boosted the price target from $330 to $360 on Aug. 12. This analyst has an accuracy rate of 73%.
- Barclays analyst Saket Kalia maintained an Overweight rating and boosted the price target from $325 to $350 on Aug. 9. This analyst has an accuracy rate of 75%.
Considering buying PANW stock? Here’s what analysts think:
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