Palo Alto Networks (PANW) is scheduled to report its fourth-quarter fiscal 2024 results on Aug 19.Palo Alto projects its fiscal fourth-quarter revenues in the range of $2.15-$2.17 billion, which suggests a year-over-year increase of 10-11%. The Zacks Consensus Estimate is pegged at $2.16 billion, which implies growth of 10.6% from the year-ago reported figure.For the fiscal fourth quarter, the company expects non-GAAP earnings in the range of $1.40-$1.42 per share. The consensus mark for PANW’s non-GAAP ear ...

Wall Street analysts forecast that Palo Alto Networks (PANW) will report quarterly earnings of $1.41 per share in its upcoming release, pointing to a year-over-year decline of 2.1%. It is anticipated that revenues will amount to $2.16 billion, exhibiting an increase of 10.6% compared to the year-ago quarter.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the cours ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Palo Alto Networks (PANW) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Palo Alto currently has ...

  Analyst Estimates for Q4 2024 Q3 2024 Q4 2023 Revenue $2.16 billion$1.99 billion$1.95 billion Diluted Earnings Per Share 66 cents 79 cents64 cents  Net Income $232.9 million $278.8 million $227.7 million Key Metrics: 2025 Outlook Spending fatigue among Palo Alto Networks' customers has been a major theme of the company's results in recent quarters, signaling headwinds in the cybersecurity industry. Palo Alto Networks' guidance has been used as an indicator for the sector. The company is expected to pro ...

The market expects Palo Alto Networks (PANW) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended July 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be rele ...

The surge in cloud computing stocks has been one of the defining trends of the tech sector in recent years, fueled by the accelerated shift toward digital transformation and remote work solutions. However, not all clouds have a silver lining. As the market matures and growth rates begin to normalize, certain players in the cloud space may not sustain their previously meteoric rises.The cloud computing market is expected to rise from $626 billion in 2022 to $2,220 billion by 2031. The increasing adoption of ...

Palo Alto Networks, Inc. (PANW) , a leading name in cybersecurity, has experienced a significant drop of more than 10% in its stock price over the past month, a decline that far exceeds the 6.5% drop of the S&P 500.The primary driver behind this decline is the broader market sell-off, fueled by macroeconomic concerns. Investors are jittery due to uncertainty around the Federal Reserve's interest rate policies and fears of a potential U.S. recession. The recent disappointing job report from the U.S. Departme ...

SANTA CLARA, Calif., Aug. 2, 2024 /PRNewswire/ -- Palo Alto Networks (NASDAQ: PANW), the global cybersecurity leader, announced today that it will release the financial results for its fiscal fourth quarter and fiscal year 2024, ended July 31, 2024, after U.S. markets close on Monday, August 19, 2024. Palo Alto Networks will host a video webcast that day at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) to discuss the results.A live video webcast will be accessible from the "Investors" section of the Palo ...

29 Jul 2024 CMB International Global Markets | Equity Research | Initiation Palo Alto Networks (PANW US) Cybersecurity giant poised for new round of growth Palo Alto Networks (PANW) is a global cybersecurity provider which helps secure enterprise users, networks, clouds and endpoints. It operates business in three key areas, including network security, cloud security, and Security Operation Center (SOC), and its leadership has been recognized in 23 product categories by Gartner, Frost & Sullivan, and GigaOm ...

Sundry Photography Investment Thesis CrowdStrike's (CRWD) uneventful outage last week led to nightmarish digital lockdowns last week, which have distorted the constantly evolving, compelling outlook for the cybersecurity industry, where leading players such as Zscaler (ZS), Cloudflare (NET), and Palo Alto Networks (NASDAQ:PANW) operate at different intersections of the cybersecurity market. Earlier this year, Palo Alto Networks advised investors that it would be anticipating a slowdown in its billings guida ...