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Palo Alto Networks (PANW) Stock Price, News & Analysis

$302.40
-8.15 (-2.62%)
(As of 03/1/2024 ET)
Today's Range
$296.81
$311.53
50-Day Range
$261.97
$376.90
52-Week Range
$176.30
$380.84
Volume
11.36 million shs
Average Volume
6.40 million shs
Market Capitalization
$97.71 billion
P/E Ratio
47.25
Dividend Yield
N/A
Price Target
$313.89

Palo Alto Networks MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.74 Rating Score
Upside/​Downside
3.8% Upside
$313.89 Price Target
Short Interest
Healthy
4.00% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.58
Upright™ Environmental Score
News Sentiment
0.31mentions of Palo Alto Networks in the last 14 days
Based on 67 Articles This Week
Insider Trading
Selling Shares
$52.72 M Sold Last Quarter
Proj. Earnings Growth
16.25%
From $2.77 to $3.22 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.66 out of 5 stars

Computer And Technology Sector

61st out of 595 stocks

Computer Peripheral Equipment, Not Elsewhere Classified Industry

2nd out of 12 stocks


PANW stock logo

About Palo Alto Networks Stock (NASDAQ:PANW)

Palo Alto Networks Inc is a leading cybersecurity company that provides advanced security solutions to businesses, governments and organizations worldwide. Founded in 2005, Palo Alto Networks has become a market leader in next-generation firewall technology and cloud-based security solutions.

The company's mission is to protect its customers from cyber threats by providing innovative security solutions that are easy to use and deploy. Palo Alto Networks offers various products and services to protect networks, endpoints and cloud-based applications from advanced cyber attacks.

Palo Alto Networks' flagship product is its Next-Generation Firewall (NGFW) which provides advanced security features such as intrusion prevention, application control and threat prevention. The NGFW is designed to provide real-time visibility and control over network traffic, enabling businesses to detect and prevent cyber attacks before they cause harm.

In addition to its NGFW product line, Palo Alto Networks offers a range of cloud-based security solutions. Its Prisma Cloud platform provides comprehensive security for cloud-based applications and data. Palo Alto Network has also developed the Cortex XDR platform, which provides endpoint detection and response (EDR) capabilities. This platform allows businesses to detect and respond to cyber threats stopping a hacker before they reach critical infrastructure.

Palo Alto Networks' solutions are trusted by some of the world's largest and most security-conscious organizations, including government agencies, financial institutions and healthcare providers. The company has developed a reputation for delivering innovative and effective security solutions and it has been recognized by industry analysts for its leadership in the cybersecurity market.

Palo Alto Networks' financial profile offers consistent revenue growth and profitability. The company has a strong balance sheet. This is coupled with ample cash and cash equivalents available for use. Palo Alto Networks has consistently generated positive cash flow from operations and has no long-term debt, providing a  financial foundation for future growth.

Palo Alto Networks' growth strategy focuses on expanding its product offerings and increasing its market share in the cybersecurity market. The company has made a number of strategic acquisitions in recent years, including Demisto, a security orchestration and automation company and Twistlock, a container security company. These acquisitions have allowed Palo Alto Networks to broaden its product portfolio and enter new markets.

In addition to its organic growth initiatives, Palo Alto Networks is also focused on expanding its global footprint. The company has offices and infrastructure in more than 150 countries and has offices and operations in key markets worldwide. Palo Alto Networks' global presence allows it to serve diverse customers and tap into new markets for growth.

Palo Alto Networks is a leading cybersecurity company with a strong financial profile and a proven track record of delivering innovative and effective security solutions. With its focus on expanding its product offerings and global footprint, the company is positioned for continued growth in the cybersecurity market.

PANW Stock Price History

PANW Stock News Headlines

3 Hot Stocks Bought by Members of Congress: Follow the Money
The STOCK Act of 2012 was supposed to halt insider trading by members of Congress, but let's be honest. The STOCK Act can't really stop Congresspeople from trading on insider knowledge; they're in a position to get it, which will influence investment decisions.
Palo Alto Networks aims at cyber security leadership
Palo Alto Networks NASDAQ: PANW significantly shifted, causing the entire cyber security universe to move lower. The shift is toward platformization.
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Wall Street is surprisingly most bullish on these 3 Nasdaq stocks
NVIDIA is the best example. After soaring 239% last year, the semiconductor leader is up almost 50% year-to-date.
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
See More Headlines
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Company Calendar

Last Earnings
8/18/2023
Today
3/01/2024
Next Earnings (Estimated)
5/28/2024
Fiscal Year End
7/31/2024

Industry, Sector and Symbol

Industry
Computer peripheral equipment, not elsewhere classified
Sub-Industry
Communications Equipment
Current Symbol
NASDAQ:PANW
CUSIP
69743510
Fax
N/A
Employees
13,948
Year Founded
2005

Price Target and Rating

Average Stock Price Target
$313.89
High Stock Price Target
$425.00
Low Stock Price Target
$225.00
Potential Upside/Downside
+3.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.74
Research Coverage
38 Analysts

Profitability

Net Income
$439.70 million
Pretax Margin
11.50%

Debt

Sales & Book Value

Annual Sales
$7.53 billion
Cash Flow
$3.83 per share
Book Value
$13.49 per share

Miscellaneous

Free Float
312,438,000
Market Cap
$97.71 billion
Optionable
Optionable
Beta
1.26

Social Links

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Should I Buy Palo Alto Networks Stock? PANW Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Palo Alto Networks was last updated on Thursday, February 29, 2024 at 2:06 PM.

Pros

Here are some ways that investors could benefit from investing in Palo Alto Networks, Inc.:

  • Palo Alto Networks, Inc. provides cybersecurity solutions worldwide, catering to various industries such as healthcare, manufacturing, public sector, and telecommunications.

Cons

Investors should be bearish about investing in Palo Alto Networks, Inc. for these reasons:

  • No specific cons were mentioned in the query results.














PANW Stock Analysis - Frequently Asked Questions

Should I buy or sell Palo Alto Networks stock right now?

38 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Palo Alto Networks in the last year. There are currently 10 hold ratings and 28 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PANW shares.
View PANW analyst ratings
or view top-rated stocks.

What is Palo Alto Networks' stock price target for 2024?

38 Wall Street analysts have issued 12-month target prices for Palo Alto Networks' stock. Their PANW share price targets range from $225.00 to $425.00. On average, they predict the company's share price to reach $313.89 in the next year. This suggests a possible upside of 3.8% from the stock's current price.
View analysts price targets for PANW
or view top-rated stocks among Wall Street analysts.

How have PANW shares performed in 2024?

Palo Alto Networks' stock was trading at $294.88 at the beginning of 2024. Since then, PANW stock has increased by 2.6% and is now trading at $302.40.
View the best growth stocks for 2024 here
.

When is Palo Alto Networks' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 28th 2024.
View our PANW earnings forecast
.

How were Palo Alto Networks' earnings last quarter?

Palo Alto Networks, Inc. (NASDAQ:PANW) issued its quarterly earnings data on Friday, August, 18th. The network technology company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.15. The network technology company had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.96 billion. Palo Alto Networks had a net margin of 30.24% and a trailing twelve-month return on equity of 36.58%. Palo Alto Networks's revenue for the quarter was up 26.0% on a year-over-year basis. During the same period last year, the company earned $0.15 earnings per share.

When did Palo Alto Networks' stock split?

Palo Alto Networks shares split before market open on Wednesday, September 14th 2022. The 3-1 split was announced on Monday, August 22nd 2022. The newly minted shares were issued to shareholders after the closing bell on Tuesday, September 13th 2022. An investor that had 100 shares of stock prior to the split would have 300 shares after the split.

What guidance has Palo Alto Networks issued on next quarter's earnings?

Palo Alto Networks issued an update on its FY 2024 earnings guidance on Tuesday, February, 20th. The company provided earnings per share (EPS) guidance of 5.450-5.550 for the period, compared to the consensus earnings per share estimate of 5.510. The company issued revenue guidance of $8.0 billion-$8.0 billion, compared to the consensus revenue estimate of $8.2 billion.

Who are Palo Alto Networks' major shareholders?

Palo Alto Networks' stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.74%), Capital Research Global Investors (1.84%), Norges Bank (1.68%), Nuveen Asset Management LLC (1.58%), SG Americas Securities LLC (0.00%) and Northern Trust Corp (1.08%). Insiders that own company stock include Amit K Singh, Amit K Singh, Aparna Bawa, Dipak Golechha, James J Goetz, John Donovan, John P Key, John P Key, John P Key, John Strosahl, Josh D Paul, Lee Klarich, Lee Klarich, Mark D Mclaughlin, Mark D Mclaughlin, Nikesh Arora, Nikesh Arora, Nir Zuk, Nir Zuk and William D Jenkins Jr.
View institutional ownership trends
.

How do I buy shares of Palo Alto Networks?

Shares of PANW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Palo Alto Networks have any subsidiaries?
The following companies are subsidiares of Palo Alto Networks: 3375 Scott Blvd LLC, Aporeto, Aporeto Inc., CGNX Networks Private Limited, CloudGenix, CloudGenix Inc., Cortex XSOAR, Cyber Secdo Ltd, Demisto (UK) Limited, Evident.io, Evident.io Inc., Evident.io Pty. Ltd., Expanse, LightCyber, LightCyber B.V., LightCyber Inc., PA Networks Costa Rica LLC SRL, PAN Demisto LLC, PAN II LLC, PAN LLC, Palo Alto Networks (APAC Holdings) B.V., Palo Alto Networks (Australia) Pty Ltd, Palo Alto Networks (Austria) GmbH, Palo Alto Networks (Brasil) Ltda., Palo Alto Networks (Canada Technology) Inc., Palo Alto Networks (Canada) Inc., Palo Alto Networks (Czech) S.R.O., Palo Alto Networks (EU) B.V., Palo Alto Networks (Finland) Oy, Palo Alto Networks (GEO) B.V., Palo Alto Networks (Germany) GmbH, Palo Alto Networks (Iberia) S.L., Palo Alto Networks (India) Private Limited, Palo Alto Networks (India) Technologies Private Limited, Palo Alto Networks (Israel Analytics) Ltd., Palo Alto Networks (Israel Services) Ltd., Palo Alto Networks (Israel) Ltd. (f/k/a Cyvera), Palo Alto Networks (Italy) S.R.L, Palo Alto Networks (Malaysia) LLC, Palo Alto Networks (Mexico) S. de R.L. de C.V., Palo Alto Networks (Netherlands) B.V., Palo Alto Networks (New Zealand) Unlimited, Palo Alto Networks (Norway) AS, Palo Alto Networks (Poland) sp. z o.o., Palo Alto Networks (QFC) LLC, Palo Alto Networks (Rus) LLC, Palo Alto Networks (Singapore) Holding Company Pte. Ltd., Palo Alto Networks (Singapore) PTE. LTD., Palo Alto Networks (Switzerland) GmbH, Palo Alto Networks (UK Holding 1) Limited, Palo Alto Networks (UK Holding 2) Limited, Palo Alto Networks (UK) Limited, Palo Alto Networks Belgium B.V.B.A., Palo Alto Networks Denmark ApS, Palo Alto Networks FZ LLC, Palo Alto Networks Financial Services LLC, Palo Alto Networks Holdings B.V., Palo Alto Networks International Inc., Palo Alto Networks K.K. (Kabushiki Kaisha), Palo Alto Networks Korea Ltd. - Yuhan Hoesa (YH), Palo Alto Networks L.L.C., Palo Alto Networks Management LLC, Palo Alto Networks Public Sector LLC, Palo Alto Networks Saudi Arabia LLC, Palo Alto Networks Venture Fund LLC, Palo Alto Security Limited, PureSec Inc., PureSec Pty Ltd, RedLock, RedLock Inc., SecDo Inc., The Crypsis Group, Twistlock, Twistlock Europe Limited, Twistlock Inc., Twistlock Ltd., Xseer Inc., ZingBox, Zingbox Inc., and Zingbox Japan G.K..
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This page (NASDAQ:PANW) was last updated on 3/1/2024 by MarketBeat.com Staff