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NASDAQ:PANW

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

$228.51

+1.07 (+0.47%)

(As of 09/22/2023 ET)

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Today's Range: $226.64
▼
$230.73
50-Day Range: $207.57
▼
$253.17
52-Week Range: $132.22
▼
$258.88

Volume: 2.22 million shs
Average Volume: 2.49 million shs
Market Capitalization: $70.52 billion

P/E Ratio: 181.36
Dividend Yield: N/A
Price Target: $266.26

Palo Alto Networks MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.93 Rating Score
Upside/Downside: 16.5% 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: 1.03
Based on 11 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.

2.70 out of 5 stars

Computer And Technology Sector

114th out of 585 stocks

Computer Peripheral Equipment, Not Elsewhere Classified Industry

2nd out of 11 stocks

3.5

Analyst's Opinion

Consensus Rating
Palo Alto Networks has received a consensus rating of Moderate Buy. The company's average rating score is 2.93, and is based on 39 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $266.26, Palo Alto Networks has a forecasted upside of 16.5% from its current price of $228.51.
Amount of Analyst Coverage
Palo Alto Networks has been the subject of 27 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
6.54% 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 3.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Palo Alto Networks has recently increased by 6.38%, 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.

3.3

News and Social Media Coverage

News Sentiment
Palo Alto Networks has a news sentiment score of 1.03. 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 higher news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 11 news articles for Palo Alto Networks this week, compared to 6 articles on an average week.
Search Interest
Only 74 people have searched for PANW on MarketBeat in the last 30 days. This is a decrease of -66% compared to the previous 30 days.
MarketBeat Follows
71 people have added Palo Alto Networks to their MarketBeat watchlist in the last 30 days. This is an increase of 58% 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 $40,276,328.00 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
85.69% 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 33.07% in the coming year, from $2.51 to $3.34 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Palo Alto Networks is 181.36, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 114.34.
Price to Earnings Ratio vs. Sector
The P/E ratio of Palo Alto Networks is 181.36, 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 274.30.
Price to Earnings Growth Ratio
Palo Alto Networks has a PEG Ratio of 3.28. 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 40.30. 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.

PANW Price History

30 days | 90 days | 365 days | Advanced Chart

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 24, 2023 | Behind the Markets (Ad)

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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 24, 2023 | Chaikin Analytics (Ad)

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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: 9/24/2023
Next Earnings (Estimated): 11/16/2023
Fiscal Year End: 7/31/2024

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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: +16.5%
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: 181.36
Forward P/E Ratio: 91.04
P/E Growth: 3.28
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: 10.23
Cash Flow: $4.00 per share
Price / Cash Flow: 57.08
Book Value: $5.67 per share
Price / Book: 40.30

Miscellaneous

Outstanding Shares: 308,600,000
Free Float: 296,560,000
Market Cap: $70.52 billion
Optionable: Optionable
Beta: 1.19

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Key Executives

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 Zuk (Age 51)
Founder, Exec. VP, CTO & Director
Comp: $1.23M

Mr. Dipak Golechha (Age 49)
Exec. VP & CFO
Comp: $1.75M

Mr. 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 analysts have issued "buy," "hold," and "sell" ratings for Palo Alto Networks in the last year. There are currently 3 hold ratings and 39 buy ratings for the stock. The consensus among Wall Street 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 equities research analysts have issued 1 year target prices 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 year. This suggests a possible upside of 16.5% 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 start of the year. Since then, PANW stock has increased by 63.8% and is now trading at $228.51.
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 data on Friday, August, 18th. The network technology company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.29 by $0.15. The network technology company earned $1.95 billion during the quarter, compared to analysts' expectations 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%. Palo Alto Networks's revenue for the quarter was up 26.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.15 earnings per share.
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 shares 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 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.
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 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 variety of institutional and retail 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 $228.51.
How much money does Palo Alto Networks make?: Palo Alto Networks (NASDAQ:PANW) has a market capitalization of $70.52 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..
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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 9/24/2023 by MarketBeat.com Staff

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