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Palo Alto Networks Earnings Preview For Sept, 2013

Palo Alto Networks Company Logo Image

Palo Alto Networks, Inc. (PANW)

Background: Palo Alto Networks, Inc. operates a platform that allows enterprises, service providers, and government entities to secure their networks and safely enable various applications running on their networks. The company was founded in 2005 and is headquartered in Santa Clara, California.

Strong fourth-quarter earnings growth is expected by Wall Street after the market closes on September 9, 2013. The consensus mean is six cents a share, a gain of three cents (50%) from three cents during the corresponding quarter last year. Analysts' estimates this quarter range from five cents, to a high of seven cents per share.

Analysts as a whole like this company. Currently, Palo Alto Networks has 16 buy recommendations out of 27 analysts covering the company, along with 11 holds, and none of the analysts give a sell rating. Investors haven't made progress this year. Shares in the company have fallen 24% from a year ago. The average analyst target price for Palo Alto Networks is $58.34.

The short interest is markedly elevated and should be treated as a red flag that short sellers expect the price to fall. The current float short is 14%.
 

 

(PANW)

(CHKP)

(CSCO)

(JNPR)

Strong Buy

4

9

10

6

Moderate Buy

12

9

16

4

Hold

11

12

11

21

Avg Analyst Price Target

$58.34

$60.91

$26.81

$21.65

Revenue

$392.65 million

$1.39 billion

$50.94 billion

$4.61 billion

Est Low EPS

0.05

0.82

0.50

0.29

Est High EPS

0.07

0.86

0.52

0.32

1 Year Stock Price Change

-31.61%

22.16%

22.68%

6.84%

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Stock Tickers: PANW CHKP CSCO JNPR Author Disclosure: n/a
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