Palo Alto Networks (NASDAQ:PANW) is scheduled to announce Q1 earnings outcomes on Wednesday, November fifteenth, after market shut.
The consensus EPS Estimate is $1.16 (+39.8% Y/Y) and the consensus Income Estimate is $1.84B (+17.9% Y/Y).
Over the past 2 years, PANW has beaten EPS estimates 100% of the time and has overwhelmed income estimates 88% of the time.
Over the past 3 months, EPS estimates have seen 21 upward revisions and seven downward. Income estimates have seen 0 upward revisions and 28 downward.
Wedbush Securities believes that the cybersecurity company ought to ship a robust quarter, including that the agency is seeing appreciable power with main expansions inside its put in base as extra enterprises transfer to the cloud with the platform.
“Our discipline checks have been comparatively strong for PANW all through the quarter as regardless of an unsure macro we’re seeing sturdy deal exercise throughout the board with cloud-influenced, enterprise-wide offers because the theme of the quarter,” Wedbush stated.
Morgan Stanley additionally echoed the same sentiments and stated the financial institution expects the corporate to beat estimates and lift its outlook with it experiences its Q1 outcomes.
“We count on PANW to tug additional away from the pack and maintain sturdy high-teens billings development,” Morgan Stanley’s analysts stated.
PANW has been increasing its choices as demand for cybersecurity grows, and purchased Talon Cyber Security earlier in November.
Shares within the firm up 61.7% on a one 12 months foundation foundation, and up 88.9% on a 12 months thus far foundation.
The corporate, which noticed its shares rise after its This fall outcomes beat expectations, stated it anticipated its FY adjusted earnings to be between $5.27 and $5.40 per share.
SA contributor Dair Sansyzbayev says PANW’s intense focus on innovation and stellar success observe report, makes the agency well-positioned to soak up any secular business tailwinds.
“Latest developments recommend that the upcoming quarter’s earnings launch is not going to disappoint traders,” Sansyzbayev added.