Palo Alto Networks, Inc. will release their earnings report for FQ3 ‘18 Monday after the close. The Estimize consensus calls for an EPS of $0.99, three cents higher than the Wall Street estimate. Estimize has been more accurate in predicting PANW EPS than Wall Street 79% of the time and more accurate in predicting PANW revenue 89% of the time. Estimize anticipates a revenue of $555.23M, slightly greater than Wall Street’s prediction of  $545.79M.

The cyber security that Palo Alto Networks provides has seen a growing demand in recent years. In 2018 the company introduced new measures to prevent sophisticated cyber attacks. Their subscription-based products have also been met with a positive response. With many cyber security breaches appearing on the news lately, companies will be increasingly more likely to adopt these advanced security measures. Palo Alto Networks are seen as a leader in this space and have partnerships with both Amazon Web Services and Google Cloud.