Palo Alto Networks (PANW) will report fourth quarter (July) results this afternoon and concurrently host an Investor Event at 4:30 pm ET.
Palo Alto is a leader in the competitive software security market.
Expectations are non-GAAP earnings per share (EPS) +10.5% to $1.41-1.42 worth revenue up 22% to $895-905mln.
The company has exceeded estimates on the top and bottom line for nine consecutive quarters and guided revenue above expectations for four consecutive quarters.
First quarter adj. EPS is expected to grow 14% to $1.33 with revenue up 20% to $890 mln.
The stock broke below its 50-DMA after the Information reported the VP of sales would depart.
Unlike some of its peers posting stronger growth, Palo Alto's valuation is quite reasonable. With a $19 bln market value, the stock trades at ~21x EBITDA, 18x FCF, and 5x sales estimates.
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