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Top-Rated StocksTop-RatedMost-Upgraded StocksMost-Upgraded
NASDAQ:PANW

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

$227.44
-7.86 (-3.34%)
(As of 09/21/2023 ET)
Compare
Today's Range
$227.19
▼
$233.17
50-Day Range
$207.57
▼
$253.17
52-Week Range
$132.22
▼
$258.88
Volume
3.19 million shs
Average Volume
4.84 million shs
Market Capitalization
$70.19 billion
P/E Ratio
180.51
Dividend Yield
N/A
Price Target
$266.26
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

Palo Alto Networks MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.93 Rating Score
Upside/​Downside
17.1% Upside
$266.26 Price Target
Short Interest
Bearish
6.54% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.58
Upright™ Environmental Score
News Sentiment
0.82mentions of Palo Alto Networks in the last 14 days
Based on 19 Articles This Week
Insider Trading
Selling Shares
$40.28 M Sold Last Quarter
Proj. Earnings Growth
33.07%
From $2.51 to $3.34 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.69 out of 5 stars

Computer And Technology Sector

107th out of 586 stocks

Computer Peripheral Equipment, Not Elsewhere Classified Industry

2nd out of 12 stocks

See Top Rated MarketRank™ Stocks Here

PANW stock logo

About Palo Alto Networks (NASDAQ:PANW) Stock

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 Price History

PANW Stock News Headlines

September 21, 2023 | finance.yahoo.com
Is Palo Alto Networks (NASDAQ:PANW) A Risky Investment?
September 20, 2023 | americanbankingnews.com
Palo Alto Networks (NASDAQ:PANW) Price Target Raised to $285.00 at Citigroup
September 21, 2023 | Behind the Markets (Ad)
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
September 19, 2023 | finance.yahoo.com
Unveiling Palo Alto Networks (PANW)'s Value: Is It Really Priced Right? A Comprehensive Guide
September 18, 2023 | americanbankingnews.com
Insider Selling: Palo Alto Networks, Inc. (NASDAQ:PANW) Director Sells $136,056.86 in Stock
September 17, 2023 | finance.yahoo.com
Palo Alto Networks' (NASDAQ:PANW) Returns On Capital Are Heading Higher
September 16, 2023 | americanbankingnews.com
Q1 2024 EPS Estimates for Palo Alto Networks, Inc. Raised by Zacks Research (NASDAQ:PANW)
September 15, 2023 | americanbankingnews.com
BTIG Research Boosts Palo Alto Networks (NASDAQ:PANW) Price Target to $292.00
September 21, 2023 | Behind the Markets (Ad)
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
September 12, 2023 | seekingalpha.com
Palo Alto Networks Is A Blue-Chip Stock
September 10, 2023 | finance.yahoo.com
Are Investors Undervaluing Palo Alto Networks, Inc. (NASDAQ:PANW) By 45%?
September 9, 2023 | finance.yahoo.com
Insider Sell: President Jenkins William D Jr Sells 2,040 Shares of Palo Alto Networks Inc
September 8, 2023 | seekingalpha.com
Palo Alto Networks, Inc. (PANW) Goldman Sachs 2023 Communacopia & Technology Conference (Transcript)
September 2, 2023 | finance.yahoo.com
Is Palo Alto Networks, Inc. (NASDAQ:PANW) A High Quality Stock To Own?
August 25, 2023 | seekingalpha.com
Palo Alto Networks: Unique Position To Lead Cybersecurity
August 23, 2023 | msn.com
Palo Alto Networks pops as Wall Street calls Friday night call 'water under the bridge'
August 21, 2023 | finance.yahoo.com
Is Palo Alto Networks (PANW) Modestly Overvalued?
August 21, 2023 | theglobeandmail.com
Palo Alto Networks (PANW) Shares Skyrocket, What You Need To Know
August 21, 2023 | seekingalpha.com
Palo Alto Networks Earnings: Friday's Surprise Delivers Value, 44x EPS
August 19, 2023 | seekingalpha.com
Palo Alto Networks: Earnings Pop Calms Irrational Wall Street Fears
August 18, 2023 | seekingalpha.com
Palo Alto Networks, Inc. 2023 Q4 - Results - Earnings Call Presentation
August 18, 2023 | uk.investing.com
Palo Alto Networks reports upbeat Q1 outlook after fiscal Q4 results top estimates
August 18, 2023 | theglobeandmail.com
Palo Alto Networks (NASDAQ:PANW) Reports Sales Below Analyst Estimates In Q4 Earnings, But Stock Soars 6.87%
August 17, 2023 | msn.com
Palo Alto Networks look-ahead: Watching the guidance
August 17, 2023 | theglobeandmail.com
Palo Alto Networks (PANW) Reports Q4: Everything You Need To Know Ahead Of Earnings
August 17, 2023 | msn.com
Wedbush fears risk of Q4 revenue miss for Palo Alto as 'Friday Night Special' awaits
August 15, 2023 | seekingalpha.com
Palo Alto Networks: Likely Guidance Cut Incoming
See More Headlines
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PANW Company Calendar

Last Earnings
8/18/2023
Today
9/21/2023
Next Earnings (Estimated)
11/16/2023
Fiscal Year End
7/31/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Computer peripheral equipment, not elsewhere classified
Sub-Industry
Communications Equipment
Sector
Computer and Technology
Current Symbol
NASDAQ:PANW
CUSIP
69743510
CIK
1327567
Web
www.paloaltonetworks.com
Phone
(408) 753-4000
Fax
N/A
Employees
13,948
Year Founded
2005

Price Target and Rating

Average Stock Price Forecast
$266.26
High Stock Price Forecast
$340.00
Low Stock Price Forecast
$185.00
Forecasted Upside/Downside
+16.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.93
Research Coverage
42 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$1.26
Trailing P/E Ratio
181.67
Forward P/E Ratio
91.20
P/E Growth
3.39
Net Income
$439.70 million
Net Margins
6.38%
Pretax Margin
8.22%
Return on Equity
51.13%
Return on Assets
3.97%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
0.78
Quick Ratio
0.78

Sales & Book Value

Annual Sales
$6.89 billion
Price / Sales
10.25
Cash Flow
$3.88 per share
Price / Cash Flow
58.98
Book Value
$5.67 per share
Price / Book
40.37

Miscellaneous

Outstanding Shares
308,600,000
Free Float
296,560,000
Market Cap
$70.64 billion
Optionable
Optionable
Beta
1.19

Social Links

12 Stocks Corporate Insiders are Abandoning

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?

Get This Free Report

Key Executives

  • Mr. Nikesh Arora C.F.A.Mr. Nikesh Arora C.F.A. (Age 55)
    Chairman & CEO
    Comp: $3.4M
  • Mr. William D. Jenkins Jr. (Age 57)
    Pres
    Comp: $1.88M
  • Mr. Nir ZukMr. Nir Zuk (Age 51)
    Founder, Exec. VP, CTO & Director
    Comp: $1.23M
  • Mr. Dipak GolechhaMr. Dipak Golechha (Age 49)
    Exec. VP & CFO
    Comp: $1.75M
  • Mr. Lee KlarichMr. Lee Klarich (Age 48)
    Exec. VP & Chief Product Officer
    Comp: $1.38M
  • Mr. Yuming Mao
    Founder & Chief Architect
  • Mr. Josh D. Paul (Age 47)
    Sr. VP & Chief Accounting Officer
  • Ms. Meerah Rajavel (Age 51)
    Chief Information Officer
  • Clay Bilby
    Head of Investor Relations
  • Mr. Bruce Byrd
    Exec. VP, Gen. Counsel & Corp. Sec.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













PANW Stock - Frequently Asked Questions

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

42 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Palo Alto Networks in the last twelve months. There are currently 3 hold ratings and 39 buy ratings for the stock. The consensus among Wall Street equities 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 forecast for 2023?

42 brokerages have issued 12-month price objectives for Palo Alto Networks' shares. Their PANW share price forecasts range from $185.00 to $340.00. On average, they anticipate the company's stock price to reach $266.26 in the next twelve months. This suggests a possible upside of 17.1% 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 2023?

Palo Alto Networks' stock was trading at $139.54 at the beginning of 2023. Since then, PANW stock has increased by 63.0% and is now trading at $227.44.
View the best growth stocks for 2023 here.

When is Palo Alto Networks' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 16th 2023.
View our PANW earnings forecast.

How were Palo Alto Networks' earnings last quarter?

Palo Alto Networks, Inc. (NASDAQ:PANW) announced its quarterly earnings results on Friday, August, 18th. The network technology company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.15. The network technology company earned $1.95 billion during the quarter, compared to the consensus estimate of $1.96 billion. Palo Alto Networks had a net margin of 6.38% and a trailing twelve-month return on equity of 51.13%. The company's revenue for the quarter was up 26.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.15 EPS.

What ETFs hold Palo Alto Networks' stock?

ETFs with the largest weight of Palo Alto Networks (NASDAQ:PANW) stock in their portfolio include Global X Cybersecurity ETF (BUG), First Trust Nasdaq Cybersecurity ETF (CIBR), Invesco Next Gen Connectivity ETF (PXQ), WisdomTree Cybersecurity Fund (WCBR), Franklin Exponential Data ETF (XDAT), ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA), Pacer Data and Digital Revolution ETF (TRFK) and ETFMG Prime Cyber Security ETF (HACK).

When did Palo Alto Networks' stock split?

Palo Alto Networks's stock split on the morning of Wednesday, September 14th 2022. The 3-1 split was announced on Monday, August 22nd 2022. The newly issued 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 updated its FY 2024 earnings guidance on Friday, August, 18th. The company provided EPS guidance of $5.27-$5.40 for the period, compared to the consensus estimate of $4.98. The company issued revenue guidance of $8.15 billion-$8.20 billion, compared to the consensus revenue estimate of $8.38 billion.

What is Palo Alto Networks' stock symbol?

Palo Alto Networks trades on the NASDAQ under the ticker symbol "PANW."

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 Shaolin Capital Management LLC (0.00%), Bank Julius Baer & Co. Ltd Zurich (6.67%), Geode Capital Management LLC (1.87%), Nuveen Asset Management LLC (1.67%), Capital Research Global Investors (1.43%) and Citadel Advisors LLC (0.00%). Insiders that own company stock include Amit K Singh, Amit K Singh, Aparna Bawa, Dipak Golechha, James J Goetz, Jean Compeau, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Palo Alto Networks' stock price today?

One share of PANW stock can currently be purchased for approximately $227.44.

How much money does Palo Alto Networks make?

Palo Alto Networks (NASDAQ:PANW) has a market capitalization of $70.19 billion and generates $6.89 billion in revenue each year. The network technology company earns $439.70 million in net income (profit) each year or $1.26 on an earnings per share basis.

How many employees does Palo Alto Networks have?

The company employs 13,948 workers across the globe.

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..
Read More
How can I contact Palo Alto Networks?

Palo Alto Networks' mailing address is 3000 TANNERY WAY, SANTA CLARA CA, 95054. The official website for the company is www.paloaltonetworks.com. The network technology company can be reached via phone at (408) 753-4000 or via email at ir@paloaltonetworks.com.

This page (NASDAQ:PANW) was last updated on 9/21/2023 by MarketBeat.com Staff

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