Market Overview

I think you’ll love what you hear,
what you’ll see and the opportunities
that will be set before you.
- Jon Najarian
GET TICKETS

Currency Headwinds Remain For Palo Alto's Top-Line

Share:

DA Davidson previewed Palo Alto Networks Inc (NYSE: PANW) fiscal fourth quarter results, scheduled to be announced Tuesday after the market close.

The analysts estimate Q4 revenue to grow year-over-year to $386.9 million, slightly below consensus of $389.9 million, and guidance of $386-$390 million. They forecast non-GAAP EPS to come in at $0.48, compared to the Street estimate of $0.49 and guidance calling for $0.48-$0.50.

According to the analysts, the company's top-line remains unexposed to translation headwinds, given the contracts are denominated in the USD. However, with approximately 29 percent of Palo Alto's revenue generated internationally, the analysts believe currency fluctuations still bear watching as a strengthening USD effectively increases the real cost of the company's software product for foreign consumers.

DA Davidson reiterated its Buy rating and $186 price target on the company.

Latest Ratings for PANW

DateFirmActionFromTo
Mar 2019Initiates Coverage OnBuy
Feb 2019MaintainsOverweightOverweight
Feb 2019MaintainsOverweightOverweight

View More Analyst Ratings for PANW
View the Latest Analyst Ratings

Posted-In: DA DavidsonAnalyst Color Previews Analyst Ratings Trading Ideas

 

Related Articles (PANW)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
BIDUMaintains147.0
PINSMaintains23.0
GRUBInitiates Coverage On
HOTHInitiates Coverage On
NDRAInitiates Coverage On
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

D.A. Davidson Details Expectations For Lululemon's Q2 Earnings

Alphabet Exec Steps Down From Uber's Board, Cites Conflict Of Interest