Palo Alto Networks Inc reports results for the quarter ended in July - Earnings Summary
Palo Alto Networks Inc PANW.OQ reported quarterly adjusted earnings of $1.51 per share for the quarter ended in July, higher than the same quarter last year, when the company reported EPS of $1.44. The mean expectation of forty two analysts for the quarter was for earnings of $1.41 per share. Wall Street expected results to range from $1.39 to $1.48 per share.
Revenue rose 12.1% to $2.19 billion from a year ago; analysts expected $2.16 billion.
Palo Alto Networks Inc's reported EPS for the quarter was $1.01.
The company reported quarterly net income of $357.7 million.
Palo Alto Networks Inc shares had fallen by 1.4% this quarter and gained 13.3% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 0.1% in the last three months.
In the last 30 days, two analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 38 "strong buy" or "buy," 16 "hold" and no "sell" or "strong sell."
The average consensus recommendation for the software peer group is also "buy"
Wall Street's median 12-month price target for Palo Alto Networks Inc is $350.00
This summary was machine generated from LSEG data August 19 at 09:01 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jul. 31 2024 | 1.25 | 1.51 | Beat |
Apr. 30 2024 | 1.25 | 1.32 | Beat |
Jan. 31 2024 | 1.30 | 1.46 | Beat |
Oct. 31 2023 | 1.16 | 1.38 | Beat |
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