• Palo Alto Networks Inc PANW.OQ reported quarterly adjusted earnings of 80 cents​​ per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of 66 cents. The mean expectation of forty two analysts for the quarter was for earnings of 77 cents per share. Wall Street expected results to range from 76 cents to 79 cents per share.

• Revenue rose 15.3% to $2.29 billion from a year ago; analysts expected $2.28 billion.

• Palo Alto Networks Inc's reported EPS for the quarter was 37 cents​.

• The company reported quarterly net income of $262.1 million.

• Palo Alto Networks Inc shares had risen by 13.9% this quarter and gained 6.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 39 "strong buy" or "buy," 14 "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

This summary was machine generated from LSEG data May 20 at 09:00 p.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)