Palo Alto Networks eyes record revenue ahead of earnings

Palo Alto Networks (NASDAQ: PANW ) looks to get shares back to all-time highs when the company reports fourth-quarter financial results Tuesday after market close.

Here are the earnings estimates, what experts are saying ahead of the results and the key items to watch.

Palo Alto Networks Q2 Earnings Estimates Analysts expect Palo Alto Networks to report fourth-quarter revenue of $3.35 billion, up from $2.54 billion in last year’s fourth quarter, according to data Pro.

The company has beaten analyst estimates for revenue in 11 straight quarters.

The revenue target would set a new company record, beating the $3.00 billion reported in the third quarter.

Analysts expect Palo Alto Networks to report fourth-quarter earnings of 98 cents per share, up from 95 cents per share in last year’s fourth quarter.

The company has beaten analyst estimates for earnings per share in six straight quarters and in eight of the last 10 quarters.

Read Also: Earnings Volatility Watch: Broadcom Sets the AI Week, But the Biggest Implied Mover Is a Whiskey Maker What Experts are Saying While Palo Alton Networks stock is up 109% year-to-date in 2026, recent earnings reports haven’t been kind to the stock, as highlighted by Freedom Capital Markets Chief Market Strategist Jay Woods in a weekly newsletter. "Shares have fallen after four of its last five reports," Woods said.

While this past history is concerning, Woods says he is more concerned by the technicals on the stock chart. "The stock is still in a strong and longer term uptrend.

It held its rising 50-day moving average and gapped higher after CrowdStrike reported solid results." The market expert says that while the stock went higher, it failed to make new highs and key indicators like the RSI and MACD are showing bearish indicators. "These are things you see at tops when stocks lose momentum." Woods highlights the $390 recent highs and lows of $330 as keys to watch. "Use that support to buy the dip if the stock falls on good results.

Watch the highs to see if they can break on a rally.

If they don’t close at new highs, then a fade may be in order as it will take weeks for the stock to possibly break that level again." Here are some recent analyst ratings for Palo Alto Networks stock and their price targets: Jefferies: Maintained Buy rating, raised price target from $335 to $450 BTIG: Maintained Buy rating, with price target of $380 JPMorgan: Maintained Overweight rating, raised price target from $326 to $384 Benchmark: Maintained Buy rating, raised price target from $340 to $400 BMO Capital: Maintained Outperform rating, raised price target from $335 to $415 Key Items to Watch The report from Palo Alto Networks comes shortly after cybersecurity peer CrowdStrike Holdings (NASDAQ: CRWD ) reported quarterly results.

CrowdStrike reported strong results and saw shares trade to all-time highs.

The company said the second quarter was the best in CrowdStrike’s history.

That could put pressure on Palo Alto Networks stock ahead of earnings, but recent history shows six straight double beats and a history of beating analyst estimates.

Palo Alto raised their guidance for the full fiscal year after Q3 results, which also puts added pressure on the fourth-quarter results.

The company said it saw strong organic bookings growth with customers looking to "secure their AI deployments at scale." Analysts and investors will be looking for a double beat, strong bookings growth and strong guidance for the next fiscal year.

The recent strong results from CrowdStrike have put cybersecurity ETFs in the spotlight and Palo Alto’s report will continue to do so as the top holding.

Palo Alto Networks stock is the top holding in the Amplify Cybersecurity ETF (NYSE: HACK ) at 6.3% of assets and the top holding in the First Trust Nasdaq Cybersecurity ETF (NASDAQ: CIBR ) at 9.2% of assets.

Palo Alto Networks Stock Price Action Palo Alto Networks stock is up 2.7% to $381.65 on Monday versus a 52-week trading range of $139.57 to $398.87.

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