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-customer's 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.
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Industry, Sector and Symbol
Industry Computer peripheral equipment, not elsewhere classified
Sub-IndustryCommunications Equipment
SectorComputer and Technology
Phone408-753-4000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$2.90 billion
Profitability
Miscellaneous
Employees7,014
Next Earnings Date12/5/2019 (Estimated)
OptionableOptionable
Palo Alto Networks (NYSE:PANW) Frequently Asked Questions
What is Palo Alto Networks' stock symbol?
Palo Alto Networks trades on the New York Stock Exchange (NYSE) under the ticker symbol "PANW."
How were Palo Alto Networks' earnings last quarter?
Palo Alto Networks Inc (NYSE:PANW) issued its earnings results on Wednesday, September, 4th. The network technology company reported $0.19 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.27 by $0.08. The network technology company earned $805.80 million during the quarter, compared to analyst estimates of $803.56 million. Palo Alto Networks had a positive return on equity of 4.82% and a negative net margin of 2.82%. Palo Alto Networks's quarterly revenue was up 22.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.28 earnings per share. View Palo Alto Networks' Earnings History.
When is Palo Alto Networks' next earnings date?
What guidance has Palo Alto Networks issued on next quarter's earnings?
Palo Alto Networks issued an update on its FY20 earnings guidance on Wednesday, September, 4th. The company provided EPS guidance of $5.00-5.10 for the period, compared to the Thomson Reuters consensus estimate of $6.27. The company issued revenue guidance of $3.44-3.48 billion, compared to the consensus revenue estimate of $3.45 billion.
What price target have analysts set for PANW?
31 Wall Street analysts have issued 1-year price targets for Palo Alto Networks' shares. Their predictions range from $177.00 to $316.00. On average, they expect Palo Alto Networks' share price to reach $260.26 in the next twelve months. This suggests a possible upside of 22.6% from the stock's current price. View Analyst Price Targets for Palo Alto Networks.
What is the consensus analysts' recommendation for Palo Alto Networks?
31 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Palo Alto Networks in the last year. There are currently 1 sell rating, 5 hold ratings, 24 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Palo Alto Networks.
What are Wall Street analysts saying about Palo Alto Networks stock?
Here are some recent quotes from research analysts about Palo Alto Networks stock:
- 1. Northland Securities analysts commented, "We maintain our Market Perform rating and look towards further execution." (9/16/2019)
- 2. Rosenblatt Securities analysts commented, "We are initiating coverage of PANW with a Neutral rating. We believe PANW is a transition story. The fundamental question among many investors is whether the company can successfully transition from its perimeter-based firewall roots to be relevant in today’s cloud-first world where the security perimeter is not clearly defined. In our view, the company has a compelling product vision and is well on its way of becoming the vendor with most comprehensive security solutions to address not just the cloud and not just the on-premise environments but a highly complex hybrid one, which is the real solution every large organization is looking for. To that end, the company already offers robust endpoint security and cloud security, including a cloud version of its firewall (NGFW) capabilities." (9/9/2019)
- 3. Maxim Group analysts commented, "Sustained 20+% billings growth solid, Next-Gen security growth impresses. F1Q20 revenue guidance slightly below consensus, likely due to conservatism. FY20 & FY22 guidance above consensus on billings, as Next-Gen security growth accelerates. On raised FY20 billings estimates to in-line with guidance, raising 12-month price target to $316, from $304." (9/5/2019)
- 4. Evercore ISI analysts commented, "We are encouraged by both the results in the quarter and the continued push to consolidate security solutions for the cloud. With continued execution the stock should rerate to at least the ~20x FCF range with potential for upside beyond that as the business becomes more ratable over time, in our view. $290 PT." (6/2/2019)
- 5. According to Zacks Investment Research, "Palo Alto is benefiting from healthy demand environment, product launches and increasing adoption of its next-generation security platforms. Also, customer wins coupled with expansion of the existing customer base are other positives. We believe that the company’s acquisitions synergies will also boost revenues, going forward. Further, the strategic partnerships with the likes of VMware, Splunk and Citrix, bode well. Shares have outperformed the industry year to date. The company has positive record of earnings surprises in the trailing four quarters. Nonetheless, a volatile spending environment and competition from peers are concerns. Near-term prospects for Palo Alto are not promising as customer changing behavior recently hit several other players in this space. The company’s heavy investment to boost sales and marketing capabilities, particularly by increasing sales force, is an overhang on margins." (5/3/2019)
Has Palo Alto Networks been receiving favorable news coverage?
Media headlines about PANW stock have trended somewhat negative recently, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Palo Alto Networks earned a news sentiment score of -1.2 on InfoTrie's scale. They also gave media stories about the network technology company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for Palo Alto Networks.
Are investors shorting Palo Alto Networks?
Palo Alto Networks saw a increase in short interest in the month of September. As of September 30th, there was short interest totalling 6,740,000 shares, an increase of 5.3% from the August 30th total of 6,400,000 shares. Based on an average daily volume of 1,330,000 shares, the days-to-cover ratio is currently 5.1 days. Currently, 7.2% of the company's stock are short sold. View Palo Alto Networks' Current Options Chain.
Who are some of Palo Alto Networks' key competitors?
Some companies that are related to Palo Alto Networks include Cisco Systems (CSCO), QUALCOMM (QCOM), Motorola Solutions (MSI), Juniper Networks (JNPR), F5 Networks (FFIV), Ubiquiti Networks (UBNT), Ciena (CIEN), ViaSat (VSAT), Echostar (SATS), Finisar (FNSR), InterDigital Wireless (IDCC), Plantronics (PLT), Infinera (INFN), NetGear (NTGR) and Extreme Networks (EXTR).
What other stocks do shareholders of Palo Alto Networks own?
Who are Palo Alto Networks' key executives?
Palo Alto Networks' management team includes the folowing people:
- Mr. Nikesh Arora, CEO & Chairman (Age 51)
- Ms. Kathleen Bonanno, CFO & Exec. VP (Age 57)
- Mr. René Bonvanie, Exec. VP & Chief Marketing Officer (Age 57)
- Mr. Lee Klarich, Exec. VP & Chief Product Officer (Age 44)
- Mr. Mark F. Anderson, Advisor (Age 57)
Who are Palo Alto Networks' major shareholders?
Palo Alto Networks' stock is owned by a variety of of retail and institutional investors. Top institutional investors include Strs Ohio (0.55%), Atalanta Sosnoff Capital LLC (0.22%), Stephens Investment Management Group LLC (0.13%), Robeco Institutional Asset Management B.V. (0.11%), Heritage Investors Management Corp (0.10%) and Peregrine Capital Management LLC (0.09%). Company insiders that own Palo Alto Networks stock include Carl M Eschenbach, James J Goetz, Jean Compeau, Kathleen Bonanno, Lee Klarich, Mark Anderson, Mark D Mclaughlin, Nikesh Arora, Nir Zuk, Rene Bonvanie and Stanley J Meresman. View Institutional Ownership Trends for Palo Alto Networks.
Which major investors are selling Palo Alto Networks stock?
PANW stock was sold by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., Gateway Investment Advisers LLC, Nisa Investment Advisors LLC, Covenant Asset Management LLC, Hartwell J M Limited Partnership, First Hawaiian Bank, SeaCrest Wealth Management LLC and Regent Investment Management LLC. Company insiders that have sold Palo Alto Networks company stock in the last year include Carl M Eschenbach, Jean Compeau, Kathleen Bonanno, Lee Klarich, Mark D Mclaughlin, Nir Zuk, Rene Bonvanie and Stanley J Meresman. View Insider Buying and Selling for Palo Alto Networks.
Which major investors are buying Palo Alto Networks stock?
PANW stock was bought by a variety of institutional investors in the last quarter, including Strs Ohio, Atalanta Sosnoff Capital LLC, Commerzbank Aktiengesellschaft FI, TIAA FSB, Stephens Investment Management Group LLC, Heritage Investors Management Corp, DNB Asset Management AS and Three Peaks Capital Management LLC. View Insider Buying and Selling for Palo Alto Networks.
How do I buy shares of Palo Alto Networks?
Shares of PANW can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.
What is Palo Alto Networks' stock price today?
One share of PANW stock can currently be purchased for approximately $212.27.
How big of a company is Palo Alto Networks?
Palo Alto Networks has a market capitalization of $20.59 billion and generates $2.90 billion in revenue each year. The network technology company earns $-81,900,000.00 in net income (profit) each year or $0.63 on an earnings per share basis. Palo Alto Networks employs 7,014 workers across the globe.View Additional Information About Palo Alto Networks.
What is Palo Alto Networks' official website?
How can I contact Palo Alto Networks?
Palo Alto Networks' mailing address is 3000 TANNERY WAY, SANTA CLARA CA, 95054. The network technology company can be reached via phone at 408-753-4000 or via email at [email protected]
MarketBeat Community Rating for Palo Alto Networks (NYSE PANW)
MarketBeat's community ratings are surveys of what our community members think about Palo Alto Networks and other stocks. Vote "Outperform" if you believe PANW will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PANW will underperform the S&P 500 over the long term. You may vote once every thirty days.
