Cybersecurity platform provider Palo Alto Networks (NASDAQ: PANW) will be announcing earnings results this Wednesday after the bell. Here’s what to look for.

Palo Alto Networks beat analysts’ revenue expectations by 1.4% last quarter, reporting revenues of $2.54 billion, up 15.8% year on year. It was a strong quarter for the company, with full-year EPS guidance exceeding analysts’ expectations and EPS guidance for next quarter exceeding analysts’ expectations.

Is Palo Alto Networks a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Palo Alto Networks’s revenue to grow 15.1% year on year to $2.46 billion, improving from the 13.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.89 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Palo Alto Networks has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 1% on average.

Looking at Palo Alto Networks’s peers in the cybersecurity segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Qualys delivered year-on-year revenue growth of 10.4%, beating analysts’ expectations by 2.2%, and Rapid7 reported revenues up 1.5%, topping estimates by 0.9%. Qualys traded up 20.6% following the results while Rapid7 was down 19.9%.

Read our full analysis of Qualys’s results here and Rapid7’s results here.

Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. While some of the cybersecurity stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 5.8% on average over the last month. Palo Alto Networks is down 4.4% during the same time and is heading into earnings with an average analyst price target of $222.30 (compared to the current share price of $202.74).

When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.

StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.