NEW YORK (TheStreet) -- Shares of Palo Alto Networks (PANW) - Get Report slid by 0.29% to $145.68 in Wednesday's trading session, as the security company prepares to report its 2016 third quarter financial results after the market close on Thursday.
Analysts are forecasting for a year-over-year rise in both earnings and revenue for the most recent period.
Palo Alto is expected to report earnings of 42 cents per share on revenue of $339.5 million, according to analysts surveyed by Thomson Reuters.
Last year, the company reported adjusted earnings of 23 cents per share on revenue of $234.2 million for the 2015 third quarter.
"I have to tell you that if you think that the high-growth stocks can have legs, maybe you buy some deep in the money calls - Palo Alto because this stock used to be much higher," TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said in a video earlier today. "I think business is good in the cyber-security sector."
Separately, TheStreet Ratings team rates the stock as a "sell" with a ratings score of D.
Palo Alto Networks's weaknesses include its unimpressive growth in net income and generally disappointing historical performance in the stock itself.
You can view the full analysis from the report here: PANW
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.