Banking

Palo Alto Networks At Upper End Of Buy Range With Earnings Due

IBD 50 member Palo Alto Networks (PANW) is in a potential buy area with its next quarterly earnings report due on Feb. 22.

It’s trading approximately 4% above a 375.10 buy point from a second-stage flat base.




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Understand that buying a stock just ahead of earnings involves risk since you typically don’t have enough time to build a profit cushion before the latest quarterly numbers come out. Be sure to follow sound buy and sell rules to minimize your exposure.


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Earnings grew 54% last quarter, up from 1% in the prior report. Revenue also increased, from 18% to 23%.

Analysts expect earnings-per-share growth of 20% for the quarter, and 19% growth for the full year. EPS estimates for the full year were recently revised higher.

The company has a 96 Composite Rating and holds the No. 4 rank among its peers in the Computer Software-Security industry group. Zix (ZIXI) is the No. 1-ranked stock within the group.

Note: Dates for earnings reports are subject to change. Check the company’s website for any updates.

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