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

$281.68
+3.97 (+1.43%)
(As of 04/22/2024 ET)
Today's Range
$275.20
$282.97
50-Day Range
$261.97
$368.33
52-Week Range
$176.30
$380.84
Volume
2.93 million shs
Average Volume
3.47 million shs
Market Capitalization
$91.01 billion
P/E Ratio
44.01
Dividend Yield
N/A
Price Target
$314.82

Palo Alto Networks MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.74 Rating Score
Upside/​Downside
11.8% Upside
$314.82 Price Target
Short Interest
Healthy
3.83% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.58
Upright™ Environmental Score
News Sentiment
0.26mentions of Palo Alto Networks in the last 14 days
Based on 39 Articles This Week
Insider Trading
Selling Shares
$49.40 M Sold Last Quarter
Proj. Earnings Growth
16.67%
From $2.76 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.

4.86 out of 5 stars

Computer And Technology Sector

31st out of 591 stocks

Computer Peripheral Equipment, Not Elsewhere Classified Industry

1st 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

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Palo Alto Networks (NASDAQ:PANW) Shares Up 0.6%
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See More Headlines
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Company Calendar

Last Earnings
2/20/2024
Today
4/23/2024
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
$314.82
High Stock Price Target
$425.00
Low Stock Price Target
$225.00
Potential Upside/Downside
+11.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.74
Research Coverage
39 Analysts

Profitability

Net Income
$439.70 million
Pretax Margin
11.50%

Debt

Sales & Book Value

Annual Sales
$6.89 billion
Cash Flow
$4.06 per share
Book Value
$5.67 per share

Miscellaneous

Free Float
312,438,000
Market Cap
$91.01 billion
Optionable
Optionable
Beta
1.19

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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 provides cybersecurity solutions worldwide, addressing the increasing need for robust cybersecurity measures in today's digital landscape.
  • The company offers a range of subscription services covering various areas of cybersecurity, including threat prevention, malware protection, and data loss prevention, catering to diverse security needs.
  • Palo Alto Networks offers professional services such as architecture design, implementation, and firewall migration, providing comprehensive support to clients in deploying effective security solutions.
  • The company's focus on cloud security, secure access, and threat intelligence positions it well to capitalize on the growing demand for cloud-based security solutions.
  • Considering the current stock price and the company's strong market presence, investing in Palo Alto Networks may offer potential for long-term growth and returns.

Cons

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

  • Competition in the cybersecurity industry is intense, with numerous players vying for market share, which could potentially impact Palo Alto Networks' growth and profitability.
  • The rapidly evolving nature of cybersecurity threats poses a challenge for companies like Palo Alto Networks to stay ahead of sophisticated cyber attacks, leading to potential vulnerabilities.
  • Market volatility and economic uncertainties can affect the demand for cybersecurity solutions, impacting Palo Alto Networks' revenue and financial performance.
  • Regulatory changes and compliance requirements in the cybersecurity sector may increase operational costs for Palo Alto Networks, affecting its bottom line.
  • Investors should carefully assess the company's financial health, competitive positioning, and market dynamics before making investment decisions in Palo Alto Networks.
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 Saturday, April 13, 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

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

39 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Palo Alto Networks in the last year. There are currently 10 hold ratings and 29 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 target for 2024?

39 Wall Street research analysts have issued 1 year target prices for Palo Alto Networks' stock. Their PANW share price targets range from $225.00 to $425.00. On average, they anticipate the company's share price to reach $314.82 in the next twelve months. This suggests a possible upside of 11.8% 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 the year. Since then, PANW shares have decreased by 4.5% and is now trading at $281.68.
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) released its quarterly earnings results on Tuesday, February, 20th. The network technology company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.22. The network technology company had revenue of $1.98 billion for the quarter, compared to analysts' expectations of $1.97 billion. Palo Alto Networks had a net margin of 30.24% and a trailing twelve-month return on equity of 36.58%.

When did Palo Alto Networks' stock split?

Shares of Palo Alto Networks split on Wednesday, September 14th 2022. The 3-1 split was announced on Monday, August 22nd 2022. The newly minted shares were distributed to shareholders after the market closes 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 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 Sumitomo Mitsui Trust Holdings Inc. (0.24%), IMC Chicago LLC (0.00%), Raymond James & Associates (0.19%), Raymond James Financial Services Advisors Inc. (0.10%), Los Angeles Capital Management LLC (0.09%) and Allspring Global Investments Holdings LLC (0.08%). 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 4/23/2024 by MarketBeat.com Staff

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