Palo Alto Networks (NASDAQ: PANW) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.06 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.07, ARN reports. The company issued revenue guidance of $106-110 million, compared to the consensus revenue estimate of $113.68 million.
Palo Alto Networks (NASDAQ: PANW) traded down 0.68% on Thursday, hitting $54.39. Palo Alto Networks has a 1-year low of $47.00 and a 1-year high of $72.61. The stock’s 50-day moving average is currently $52.77. The company’s market cap is $3.760 billion.
Palo Alto Networks (NASDAQ: PANW) last released its earnings data on Thursday, May 30th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. The company had revenue of $101.30 million for the quarter, compared to the consensus estimate of $103.40 million. The company’s revenue for the quarter was up 54.2% on a year-over-year basis. Palo Alto Networks has set its Q4 guidance at $0.06 EPS. Analysts expect that Palo Alto Networks will post $0.21 EPS for the current fiscal year.
Eleven equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $65.43.
Palo Alto Networks, Inc. offers a network security platform that allows enterprises, service providers, and government entities to secure their networks.
