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Network Security Solutions Provider Set to Post Quarterly Results Next Week

June 26, 2023
in Trade Tube
Reading Time: 1 min read
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TheStreet’s Jim Cramer is keeping an eye on Palo Alto Networks (PANW) next week as the network security firm gets set to release its latest quarterly results. Cramer calls the company ‘the premiere cyber security stock.’ Palo Alto is slated to report fourth quarter results on Wednesday, September 9 after the market close. Analysts polled by Reuters are expecting the company to post earnings of $0.25 a share on revenue of $256.25 million. Cramer says ‘it’s really important that Palo Alto blow in numbers and give very good earnings guidance because that had been a leadership group that we have lost and we have to find it again because tech doesn’t have leaders.’ Palo Alto provides network security solutions to customers worldwide. On Thursday analysts at William Blair reiterated their OUTPERFORM rating on the stock. Palo Alto Networks currently has an average BUY rating and an average price target of $180.03. Shares of Palo Alto Networks are up more than 32 percent year-to-date.

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