According to analysts surveyed by Thomson Reuters, Palo Alto is expected to report earnings of $0.42 per share on $339.5 million in revenue.
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The need for data security solutions continues to increase but data security stocks have underperformed during 2016 says Michael Berger, Associate Editor of MoneyShow.com, who highlights his favorite stock in this sector, Palo Alto Networks before it reports earnings after the market closes today.
We view Palo Alto as a great trading opportunity as we expect the company to beat expectations as demand for its next generation firewall appliances combined with sales of adjacent products like Wildfire, continues to grow. “We continue to balance growth and profitability and once again delivered record revenue, billings and cash flow”, CFO Steffan Tomlinson said in a news release.
Received industry analyst recognition – Our WildFire™ cloud-based threat intelligence offering was recognized by Forrester Research as a leader among automated malware analysis providers in the “The Forrester Wave™: Automated Malware Analysis, Q2 2016”.
Joined forces with PwC – Together with PwC’s Cybersecurity and Privacy practice, we will design a next-generation security framework to serve as a guide for customer organizations to establish a breach prevention-oriented security architecture. Graduated from the top tier universities in the U.S. and India as well as worked with best brands across the globe.
Palo Alto Networks, Inc. had its “buy” rating reiterated by analysts at Nomura. EagleClaw Capital Managment LLC now owns 1,425 shares of the network technology company’s stock valued at $233,000 after buying an additional 50 shares during the last quarter.
Net loss on a GAAP basis swelled to $70.2M from a year-ago $45.9M. The company’s shares closed yesterday at $148.18.
But the Street today is preoccupied with what it sees as a slowdown for the company, and a high-multiple stock. Accordingly, a reconciliation of the non-GAAP financial measure guidance to the corresponding GAAP measure is not available without unreasonable effort.
Why? Well, there were three big red flags that Deutsche espied in Palo Alto’s earnings report. Post opening the session at $146.37, the shares hit an intraday low of $143.39 and an intraday high of $147.42 and the price fluctuated in this range throughout the day.
The companies 50 day moving average is 142.92 and its 200 day moving average is 154.82. (NYSE:PANW). The latest reports which are now in issue on Wednesday 25th of May state 0 analysts have a rating of “strong buy”, 0 analysts “buy”, 0 analysts “neutral”, 0 analysts “sell” and 0 analysts “strong sell”. The stock is rated as buy by 23 analysts, with 17 outperform and 2 hold rating. Owens has a success rate of 60.3% and is ranked #317 out of 3869 analysts, while Grieb has a success rate of 64.6% and is ranked #273. For a firm that has a stock price trending upward, it should raise its payout so as to maintain dividend yield. When considering if perhaps the stock is under or overvalued, the average price target is $192.83 which is 33.3% above where the stock opened today.
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Stocks of various cyber-security players, such as CyberArk Software, FireEye Inc., Fortinet Inc. and Proofpoint Inc., fell at least 1.5% each after Palo Alto Network’s earnings.
