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Palo Alto Networks beats earnings estimates despite insider selling and high valuation.
Financial firm Green Alpha Advisors reduced its stake in cybersecurity company Palo Alto Networks by 5.7%, while Fifth Third Wealth Advisors increased their holdings.
Despite a recent insider sale and a high P/E ratio of 107.48, Palo Alto Networks surpassed earnings expectations, reporting $0.80 EPS compared to estimates of $0.77.
The company's stock is currently valued at $190.78, with a market cap of $127.21 billion.
Analysts predict 1.76 EPS for the fiscal year.
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Palo Alto Networks supera las estimaciones de ganancias a pesar de la venta de información privilegiada y de la alta valoración.