![]() ![]() Adjusted EPS are forecast at $2.28, up 27.2% sequentially and 42.5% higher year over year. At the high price target of $823.00, the upside potential is 58.9%.įor its fourth quarter of fiscal 2022, Palo Alto Networks is expected to report revenue of $1.54 billion, which would be up 3.2% sequentially and by 26.2% year over year. At a recent share price of around $517.90, the stock’s upside potential based on a median price target of $610.00 is 17.8%. For the year to date, the stock is down 7%, better than the tech sector’s 10% drop so far this year and the software industry’s 16% tumble.Īnalysts remain strongly bullish on the stock, with 35 of 37 brokerages having a Buy or Strong Buy rating. Since then, the shares are down about 17.3%, although they have bounced back from a drop of around 30% in mid-May. Over the past 12 months, the share price has increased by nearly 42% thanks to a big run-up that ended in mid-April when the shares reached an all-time high in mid-April. ![]() ( NYSE: PANW) supplies cybersecurity platforms, including both hardware and software, along with subscription security and other professional services. Here is a look at what to expect from two companies set to report quarterly results after Monday’s close. There are no notable earnings reports out either after markets close Friday or before they open on Monday. The stock traded up by around 20% Friday morning. New CEO Mary Dillon takes over on September 1. Shares traded down about 5.4% early Friday.įoot Locker beat the EPS estimate and barely missed on revenue. markets opened on Friday, Deere badly missed the consensus EPS estimate but surpassed revenue expectations. The discount retailer guided earnings for the second half of the year lower, and the stock traded down about 1% Friday.īefore U.S. Ross Stores beat the consensus EPS estimate and missed on revenue. Shares traded down about 0.2% Friday morning. Guidance was in line with consensus estimates. All three indexes traded lower Friday morning.Īfter markets closed on Thursday, Applied Materials reported better-than-expected earnings per share (EPS) and revenue. ![]() The day’s big mover was Bed Bath & Beyond, falling nearly 20%, and by twice that amount in Friday’s premarket, after investor Ryan Cohen dumped all his stock in the company. Claims for jobless benefits were essentially flat week over week, as were continuing claims. Seven of 11 sectors ended the day higher, led by energy (up 2.7%). The Dow Jones industrials added 0.06%, while the S&P 500 rose by 0.23%, and the Nasdaq closed up 0.21%. equity indexes closed higher on Thursday. ![]()
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