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NASDAQ:PANW

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

$326.81
+6.68 (+2.09%)
(As of 07/26/2024 ET)
Today's Range
$321.37
$329.16
50-Day Range
$290.09
$342.09
52-Week Range
$201.17
$380.84
Volume
1.71 million shs
Average Volume
4.51 million shs
Market Capitalization
$105.82 billion
P/E Ratio
47.50
Dividend Yield
N/A
Price Target
$325.59

Palo Alto Networks MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.74 Rating Score
Upside/​Downside
0.4% Downside
$325.59 Price Target
Short Interest
Healthy
3.45% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.58
Upright™ Environmental Score
News Sentiment
0.80mentions of Palo Alto Networks in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$136.15 M Sold Last Quarter
Proj. Earnings Growth
16.33%
From $2.94 to $3.42 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.

4.72 out of 5 stars

Computer And Technology Sector

56th out of 612 stocks

Computer Peripheral Equipment, Not Elsewhere Classified Industry

2nd out of 13 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

The next companies to potentially benefit thanks to Nvidia are …
Nvidia is pivoting to a new $1 trillion Superproject that could revolutionize the AI industry… again. And it’s enlisting a whole new set of partners.
Palo Alto logo on smartphone screen
Palo Alto Networks Stock Gains AI-Powered Cybersecurity Solutions
Network cybersecurity provider Palo Alto Networks Inc. NASDAQ: PANW stock has recovered from its fiscal Q3 2024 earnings report. While the results weren't bad, shares took a tumble on its forward guidance.
The next companies to potentially benefit thanks to Nvidia are …
Nvidia is pivoting to a new $1 trillion Superproject that could revolutionize the AI industry… again. And it’s enlisting a whole new set of partners.
Palo Alto Networks (NASDAQ:PANW) Trading 1.1% Higher
Palo Alto Networks (NASDAQ:PANW) Shares Gap Up to $323.88
See More Headlines
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Company Calendar

Last Earnings
5/20/2024
Today
7/26/2024
Fiscal Year End
7/31/2024
Next Earnings (Estimated)
8/16/2024

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
$325.59
High Stock Price Target
$385.00
Low Stock Price Target
$242.00
Potential Upside/Downside
+1.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.74
Research Coverage
42 Analysts

Profitability

Net Income
$439.70 million
Pretax Margin
12.65%

Debt

Sales & Book Value

Annual Sales
$6.89 billion
Cash Flow
$3.98 per share
Book Value
$5.67 per share

Miscellaneous

Free Float
313,115,000
Market Cap
$104.27 billion
Optionable
Optionable
Beta
1.14

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

Pros

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

  • Palo Alto Networks has shown consistent revenue growth over the past few quarters, indicating a strong business performance.
  • The company's cybersecurity solutions are in high demand due to the increasing frequency and sophistication of cyber threats globally.
  • With a market capitalization of $102.65 billion, Palo Alto Networks is a well-established player in the cybersecurity industry.
  • The recent quarterly earnings report exceeded analyst expectations, with earnings per share (EPS) of $1.32, showcasing financial strength.
  • Despite fluctuations, the stock has a 1-year high of $380.84, indicating potential for capital appreciation.

Cons

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

  • The price-to-earnings-growth ratio of 4.90 may suggest that the stock is currently overvalued compared to its growth prospects.
  • While the company has a strong market presence, competition in the cybersecurity sector is intense, which could impact future growth potential.
  • The stock's 50-day moving average of $300.47 is below its 200-day moving average of $305.68, indicating a short-term bearish trend.
  • Analysts have mixed ratings on the stock, with some suggesting a neutral stance, potentially signaling uncertainty in the market regarding Palo Alto Networks' future performance.
  • Investors should consider the beta of 1.10, indicating that the stock may be slightly more volatile compared to the overall market.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, June 27, 2024. Please send any questions or comments about these Palo Alto Networks pros and cons to contact@marketbeat.com.

PANW Stock Analysis - Frequently Asked Questions

How have PANW shares performed this year?

Palo Alto Networks' stock was trading at $294.88 on January 1st, 2024. Since then, PANW stock has increased by 10.8% and is now trading at $326.81.
View the best growth stocks for 2024 here
.

How were Palo Alto Networks' earnings last quarter?

Palo Alto Networks, Inc. (NASDAQ:PANW) posted its quarterly earnings data on Monday, May, 20th. The network technology company reported $1.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.25 by $0.07. Palo Alto Networks's revenue was up 15.3% on a year-over-year basis.

When did Palo Alto Networks' stock split?

Palo Alto Networks shares split on the morning of Wednesday, September 14th 2022. The 3-1 split was announced on Monday, August 22nd 2022. The newly created shares were distributed 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.

Does Palo Alto Networks have any subsidiaries?

The following companies are subsidiaries of Palo Alto Networks: Expanse, The Crypsis Group, CloudGenix, Aporeto, ZingBox, PureSec Pty Ltd, Twistlock, and others.

Who are Palo Alto Networks' major shareholders?

Top institutional investors of Palo Alto Networks include SG Americas Securities LLC, Sumitomo Mitsui Trust Holdings Inc. (0.23%), Fifth Third Bancorp (0.21%) and Swedbank AB (0.20%). Insiders that own company stock include Nir Zuk, Nir Zuk, Nikesh Arora, Nikesh Arora, Lee Klarich, Lee Klarich, James J Goetz, Mark D Mclaughlin, Dipak Golechha, John Donovan, Josh D Paul, William D Jenkins Jr, John P Key and Aparna Bawa.
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.

This page (NASDAQ:PANW) was last updated on 7/26/2024 by MarketBeat.com Staff

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