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NASDAQ:PANW

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

$217.24

+0.45 (+0.21%)

(As of 06/2/2023 ET)

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Today's Range: $215.05
▼
$219.93
50-Day Range: $176.89
▼
$217.24
52-Week Range: $132.22
▼
$219.93

Volume: 4.67 million shs
Average Volume: 4.35 million shs
Market Capitalization: $66.44 billion

P/E Ratio: 344.83
Dividend Yield: N/A
Price Target: $232.19

Palo Alto Networks MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.90 Rating Score
Upside/Downside: 6.9% Upside
$232.19 Price Target
Short Interest: Bearish
6.84% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.58
Upright™ Environmental Score
News Sentiment: 0.19
Based on 21 Articles This Week
Insider Trading: Selling Shares
$54.38 M Sold Last Quarter
Proj. Earnings Growth: 27.14%
From $1.40 to $1.78 Per Share

Overall MarketRank^™

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

2.25 out of 5 stars

Computer And Technology Sector

299th out of 604 stocks

Computer Peripheral Equipment, Not Elsewhere Classified Industry

5th out of 13 stocks

2.5

Analyst's Opinion

Consensus Rating
Palo Alto Networks has received a consensus rating of Buy. The company's average rating score is 2.90, and is based on 37 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $232.19, Palo Alto Networks has a forecasted upside of 6.9% from its current price of $217.24.
Amount of Analyst Coverage
Palo Alto Networks has been the subject of 21 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
6.84% of the outstanding shares of Palo Alto Networks have been sold short.
Short Interest Ratio / Days to Cover
Palo Alto Networks has a short interest ratio ("days to cover") of 4.9.
Change versus previous month
Short interest in Palo Alto Networks has recently increased by 11.03%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Palo Alto Networks does not currently pay a dividend.
Dividend Growth
Palo Alto Networks does not have a long track record of dividend growth.

3.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Palo Alto Networks has received a 48.72% net impact score from Upright. The largest positive contribution comes from its "Knowledge infrastructure" impact, which is mostly driven by its "Cybersecurity management systems", "Firewall software", "Network security software", "Cybersecurity assesment software", "Cloud security software", and "VPN software" products. See details.
Environmental Sustainability
The Environmental Impact score for Palo Alto Networks is -0.58.

2.9

News and Social Media Coverage

News Sentiment
Palo Alto Networks has a news sentiment score of 0.19. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.52 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 21 news articles for Palo Alto Networks this week, compared to 8 articles on an average week.
Search Interest
162 people have searched for PANW on MarketBeat in the last 30 days. This is an increase of 20% compared to the previous 30 days.
MarketBeat Follows
41 people have added Palo Alto Networks to their MarketBeat watchlist in the last 30 days. This is an increase of 8% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Palo Alto Networks insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $54,377,280.00 in company stock.
Percentage Held by Insiders
Only 3.90% of the stock of Palo Alto Networks is held by insiders.
Percentage Held by Institutions
81.82% of the stock of Palo Alto Networks is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Palo Alto Networks are expected to grow by 27.14% in the coming year, from $1.40 to $1.78 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Palo Alto Networks is 344.83, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 136.32.
Price to Earnings Ratio vs. Sector
The P/E ratio of Palo Alto Networks is 344.83, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 370.00.
Price to Earnings Growth Ratio
Palo Alto Networks has a PEG Ratio of 4.84. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Palo Alto Networks has a P/B Ratio of 53.91. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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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.

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PANW Stock News Headlines

June 1, 2023 | americanbankingnews.com

Palo Alto Networks, Inc. (NASDAQ:PANW) Director Aparna Bawa Sells 714 Shares

June 1, 2023 | americanbankingnews.com

Dipak Golechha Sells 2,000 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW) Stock

June 3, 2023 | Legacy Research (Affiliate) (Ad)

Sell Every Stock, Except ONE (Ticker Revealed)

We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.

May 29, 2023 | americanbankingnews.com

Palo Alto Networks (NASDAQ:PANW) Releases Q4 2023 Earnings Guidance

May 27, 2023 | americanbankingnews.com

Palo Alto Networks, Inc. (NASDAQ:PANW) CEO Nikesh Arora Sells 30,000 Shares of Stock

May 27, 2023 | americanbankingnews.com

Palo Alto Networks (NASDAQ:PANW) Price Target Raised to $240.00 at Evercore ISI

May 27, 2023 | americanbankingnews.com

Raymond James Raises Palo Alto Networks (NASDAQ:PANW) Price Target to $230.00

May 27, 2023 | americanbankingnews.com

Palo Alto Networks (NASDAQ:PANW) Price Target Raised to $240.00

June 3, 2023 | Legacy Research (Affiliate) (Ad)

Sell Every Stock, Except ONE (Ticker Revealed)

May 27, 2023 | americanbankingnews.com

Deutsche Bank Aktiengesellschaft Raises Palo Alto Networks (NASDAQ:PANW) Price Target to $225.00

May 27, 2023 | americanbankingnews.com

TD Cowen Raises Palo Alto Networks (NASDAQ:PANW) Price Target to $235.00

May 27, 2023 | americanbankingnews.com

Wolfe Research Raises Palo Alto Networks (NASDAQ:PANW) Price Target to $225.00

May 27, 2023 | americanbankingnews.com

Royal Bank of Canada Boosts Palo Alto Networks (NASDAQ:PANW) Price Target to $232.00