Palo Alto Networks (NYSE:PANW) released its quarterly earnings data on Monday. The network technology company reported $1.05 earnings per share for the quarter, beating the consensus estimate of ($0.17) by $1.22, Briefing.com reports. The business had revenue of $772.00 million for the quarter, compared to analyst estimates of $769.34 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 revenue was up 17.7% compared to the same quarter last year. During the same period last year, the firm posted $1.17 earnings per share.
NYSE:PANW opened at $220.37 on Wednesday. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.90. The business’s 50-day simple moving average is $228.44 and its two-hundred day simple moving average is $215.70. The stock has a market cap of $23.94 billion, a PE ratio of 349.79 and a beta of 0.99. Palo Alto Networks has a 52 week low of $165.34 and a 52 week high of $260.63.
In other Palo Alto Networks news, EVP Nir Zuk sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $210.66, for a total transaction of $2,527,920.00. Following the completion of the transaction, the executive vice president now owns 924,695 shares in the company, valued at $194,796,248.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kathleen Bonanno sold 1,610 shares of the business’s stock in a transaction that occurred on Sunday, October 20th. The shares were sold at an average price of $214.74, for a total value of $345,731.40. Following the transaction, the chief financial officer now owns 46,636 shares of the company’s stock, valued at approximately $10,014,614.64. The disclosure for this sale can be found here. Insiders sold 77,610 shares of company stock worth $16,437,971 over the last ninety days. Insiders own 2.30% of the company’s stock.
About Palo Alto Networks
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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