Palo Alto Networks Inc reports results for the quarter ended July 31 - Earnings Summary

• Palo Alto Networks Inc PANW.OQ reported quarterly adjusted earnings of 95 cents​​ per share for the quarter ended July 31, higher than the same quarter last year, when the company reported EPS of 76 cents. The mean expectation of forty two analysts for the quarter was for earnings of 88 cents per share. Wall Street expected results to range from 86 cents to 90 cents per share.

• Revenue rose 15.8% to $2.54 billion from a year ago; analysts expected $2.50 billion.

• Palo Alto Networks Inc's reported EPS for the quarter was 36 cents​.

• The company reported quarterly net income of $253.8 million.

• Palo Alto Networks Inc shares had fallen by 13.4% this quarter and lost 2.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.5% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 39 "strong buy" or "buy," 13 "hold" and 2 "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 $217.00, about 18.7% above its last closing price of $176.39

This summary was machine generated from LSEG data August 19 at 12:00 a.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)