Palo Alto Networks Inc. is going to announce its fiscal fourth-quarter earnings results after the markets close on Tuesday (30/8). According to the consensus estimates from Thomson Reuters, the cyber-security company’s quarterly revenues is expected to come in at $389.89 million. This figure is much higher than the data of $283.88 million for the same period last year.
The company is also expected to deliver the earnings per share of $0.50 for the quarter, nearly doubling that of one year ago, $0.28. The analysts’ optimistic estimates for the company’s quarterly data rekindled the investors’ interest towards its stocks.
Fig. Palo Alto H1 Technical Chart
On the hourly chart, RSI (14) ticked up to the level of 57.1092. It indicates that the bull trend is in the making. The stock price may continue benefiting from the two moving averages below to climb to the current resistance of 143.26.