NYSE:PANWPalo Alto Networks Stock Price, Forecast & News

$236.43

+1.16 (+0.49 %)

(As of 06/1/2020 12:06 PM ET)

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Today's Range

$232.76

Now: $236.43▼

$237.83

50-Day Range

$176.16

MA: $205.53▼

$237.93

52-Week Range

$125.47

Now: $236.43▼

$251.10

Volume22,946 shs

Average Volume1.55 million shs

Market Capitalization$23.57 billion

P/E RatioN/A

Dividend YieldN/A

Beta1.18

Palo Alto Networks, Inc. provides security platform solutions worldwide. The company provides firewall appliances and software; Panorama, a security management solution for the control of appliances deployed on an end-customer's network as a virtual or a physical appliance; and Virtual System Upgrades, which are available as extensions to the virtual system capacity that ships with physical appliances. It also offers subscription services covering the areas of threat prevention, uniform resource locator filtering, malware and persistent threat, laptop and mobile device protection, and firewall, as well as cyber-attack, threat intelligence, and content control. In addition, the company provides support services; and professional services, including application traffic management, solution design and planning, configuration, and firewall migration, as well as online and classroom-style education training services. Palo Alto Networks, Inc. sells its products and services through its channel partners, as well as directly to medium to large enterprises, service providers, and government entities operating in various industries, including education, energy, financial services, government entities, healthcare, Internet and media, manufacturing, public sector, and telecommunications. The company was founded in 2005 and is headquartered in Santa Clara, California.

Beat the Market (BTM) Rank^™

2.3 Analyst's Opinion

Consensus Rating
Palo Alto Networks has received a consensus rating of Buy. The company's average rating score is 2.69, and is based on 22 buy ratings, 10 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $258.00, Palo Alto Networks has a potential upside of 9.1% from its current price of $236.43.
Amount of Analyst Coverage
Palo Alto Networks has been the subject of 23 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.4 Community Rank

Outperform Votes
Palo Alto Networks has received 1,841 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Palo Alto Networks has received 829 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Palo Alto Networks has received 68.95% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Palo Alto Networks and other stocks. Vote “Outperform” if you believe PANW will outperform the S&P 500 over the long term. Vote “Underperform” if you believe PANW will underperform the S&P 500 over the long term. You may vote once every thirty days.

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.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Palo Alto Networks insiders have sold 187.63% more of their company's stock than they have bought. Specifically, they have bought $1,501,706.00 in company stock and sold $4,319,400.00 in company stock.
Percentage Held by Insiders
Only 2.30% of the stock of Palo Alto Networks is held by insiders.
Percentage Held by Institutions
77.63% 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.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Palo Alto Networks are expected to grow in the coming year, from ($0.64) to ($0.43) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Palo Alto Networks is -100.18, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Palo Alto Networks is -100.18, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Palo Alto Networks has a P/B Ratio of 14.46. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.47 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Computer peripheral equipment, not elsewhere classified

Sub-IndustryCommunications Equipment

SectorComputer and Technology

Current SymbolNYSE:PANW

Previous Symbol

CUSIP69743510

CIK1327567

Webwww.paloaltonetworks.com

Phone408-753-4000

Debt

Debt-to-Equity Ratio2.45

Current Ratio1.29

Quick Ratio1.29

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$2.90 billion

Price / Sales8.13

Cash Flow$5.08 per share

Price / Cash Flow46.55

Book Value$16.35 per share

Price / Book14.46

Profitability

EPS (Most Recent Fiscal Year)$0.63

Net Income$-81,900,000.00

Net Margins-7.01%

Return on Equity-6.50%

Return on Assets-1.31%

Miscellaneous

Employees7,014

Outstanding Shares99,710,000

Market Cap$23.57 billion

Next Earnings Date9/2/2020 (Estimated)

OptionableOptionable

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Palo Alto Networks (NYSE:PANW) Frequently Asked Questions

How has Palo Alto Networks' stock been impacted by COVID-19 (Coronavirus)?

Palo Alto Networks' stock was trading at $157.53 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, PANW stock has increased by 50.1% and is now trading at $236.43. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Palo Alto Networks?

32 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Palo Alto Networks in the last year. There are currently 10 hold ratings and 22 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Palo Alto Networks.

When is Palo Alto Networks' next earnings date?

Palo Alto Networks is scheduled to release its next quarterly earnings announcement on Wednesday, September 2nd 2020. View our earnings forecast for Palo Alto Networks.

How were Palo Alto Networks' earnings last quarter?

Palo Alto Networks Inc (NYSE:PANW) posted its quarterly earnings results on Thursday, May, 21st. The network technology company reported $1.17 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($0.37) by $1.54. The network technology company earned $869.40 million during the quarter, compared to analyst estimates of $831.52 million. Palo Alto Networks had a negative net margin of 7.01% and a negative return on equity of 6.50%. The company's quarterly revenue was up 19.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.31 EPS. View Palo Alto Networks' earnings history.

What guidance has Palo Alto Networks issued on next quarter's earnings?

Palo Alto Networks issued an update on its fourth quarter earnings guidance on Thursday, May, 21st. The company provided earnings per share guidance of $1.37-1.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.34. The company issued revenue guidance of $915-925 million, compared to the consensus revenue estimate of $917.83 million.

What price target have analysts set for PANW?

32 brokers have issued 1 year target prices for Palo Alto Networks' shares. Their forecasts range from $180.00 to $316.00. On average, they anticipate Palo Alto Networks' share price to reach $258.00 in the next twelve months. This suggests a possible upside of 9.1% from the stock's current price. View analysts' price targets for Palo Alto Networks.

What are Wall Street analysts saying about Palo Alto Networks stock?

Here are some recent quotes from research analysts about Palo Alto Networks stock:

1. According to Zacks Investment Research, "Palo Alto is hurting from stiff competition from the likes of Fortinet and Cisco. Moreover, continued acquisitions and heavy investments to boost sales and marketing are hurting the company’s operating margin. Furthermore, U.S. tariff on Chinese goods is expected to negatively impact the bottom line. Volatile spending environment is also a negative. Shares of the company have underperformed the industry in the past year. However, Palo Alto is gaining from strong demand for its cloud security products. Several deal wins and growing adoption of its next-generation security platforms are positives. Palo Alto’s recent acquisition synergies are also expected to boost revenues, going forward. Growing traction in Prisma and Cortex offerings is another tailwind. Estimates have been stable ahead of the company’s Q2 earnings release." (1/28/2020)
2. Northland Securities analysts commented, "We maintain our Market Perform rating and look towards further execution." (9/16/2019)
3. Rosenblatt Securities analysts commented, "We are initiating coverage of PANW with a Neutral rating. We believe PANW is a transition story. The fundamental question among many investors is whether the company can successfully transition from its perimeter-based firewall roots to be relevant in today’s cloud-first world where the security perimeter is not clearly defined. In our view, the company has a compelling product vision and is well on its way of becoming the vendor with most comprehensive security solutions to address not just the cloud and not just the on-premise environments but a highly complex hybrid one, which is the real solution every large organization is looking for. To that end, the company already offers robust endpoint security and cloud security, including a cloud version of its firewall (NGFW) capabilities." (9/9/2019)
4. Maxim Group analysts commented, "Sustained 20+% billings growth solid, Next-Gen security growth impresses. F1Q20 revenue guidance slightly below consensus, likely due to conservatism. FY20 & FY22 guidance above consensus on billings, as Next-Gen security growth accelerates. On raised FY20 billings estimates to in-line with guidance, raising 12-month price target to $316, from $304." (9/5/2019)
5. Evercore ISI analysts commented, "We are encouraged by both the results in the quarter and the continued push to consolidate security solutions for the cloud. With continued execution the stock should rerate to at least the ~20x FCF range with potential for upside beyond that as the business becomes more ratable over time, in our view. $290 PT." (6/2/2019)

Has Palo Alto Networks been receiving favorable news coverage?

Press coverage about PANW stock has been trending somewhat positive recently, according to InfoTrie Sentiment. The research firm identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Palo Alto Networks earned a news impact score of 1.0 on InfoTrie's scale. They also assigned media headlines about the network technology company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news aboutPalo Alto Networks.

Who are some of Palo Alto Networks' key competitors?

Some companies that are related to Palo Alto Networks include Cisco Systems (CSCO), QUALCOMM (QCOM), Motorola Solutions (MSI), F5 Networks (FFIV), Ciena (CIEN), Juniper Networks (JNPR), Echostar (SATS), ViaSat (VSAT), InterDigital Wireless (IDCC), Infinera (INFN), Calix (CALX), NetGear (NTGR), Ribbon Communications (RBBN), ADTRAN (ADTN) and Harmonic (HLIT). View all competitors.

What other stocks do shareholders of Palo Alto Networks own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Palo Alto Networks investors own include NVIDIA (NVDA), Alibaba Group (BABA), Netflix (NFLX), salesforce.com (CRM), Micron Technology (MU), Tesla (TSLA), Walt Disney (DIS), Paypal (PYPL), Adobe (ADBE) and Intel (INTC).

Who are Palo Alto Networks' key executives?

Palo Alto Networks' management team includes the following people:

Mr. Nikesh Arora, CEO & Chairman (Age 51)
Ms. Kathleen Bonanno, CFO & Exec. VP (Age 57)
Mr. René Bonvanie, Exec. VP & Chief Marketing Officer (Age 57)
Mr. Lee Klarich, Exec. VP & Chief Product Officer (Age 44)
Mr. Mark F. Anderson, Advisor (Age 57)

What is Palo Alto Networks' stock symbol?

Palo Alto Networks trades on the New York Stock Exchange (NYSE) under the ticker symbol "PANW."

Who are Palo Alto Networks' major shareholders?

Palo Alto Networks' stock is owned by many different retail and institutional investors. Top institutional investors include Canada Pension Plan Investment Board (1.55%), Harvard Management Co. Inc. (1.19%), Pictet Asset Management Ltd. (1.13%), Geode Capital Management LLC (0.99%), Champlain Investment Partners LLC (0.89%) and Legal & General Group Plc (0.72%). Company insiders that own Palo Alto Networks stock include Carl M Eschenbach, Jean Compeau, John Donovan, Kathleen Bonanno, Lee Klarich, Mark Anderson, Mark D Mclaughlin, Nikesh Arora, Nir Zuk, Rene Bonvanie and Stanley J Meresman. View institutional ownership trends for Palo Alto Networks.

Which major investors are selling Palo Alto Networks stock?

PANW stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Eventide Asset Management LLC, Two Sigma Advisers LP, Altshuler Shaham Ltd, Federated Hermes Inc., Balyasny Asset Management LLC, Strs Ohio, and Waddell & Reed Financial Inc.. Company insiders that have sold Palo Alto Networks company stock in the last year include Jean Compeau, Kathleen Bonanno, Lee Klarich, Mark D Mclaughlin, Nir Zuk, and Rene Bonvanie. View insider buying and selling activity for Palo Alto Networks.

Which major investors are buying Palo Alto Networks stock?

PANW stock was bought by a variety of institutional investors in the last quarter, including Eminence Capital LP, Harvard Management Co. Inc., Artemis Investment Management LLP, Artemis Investment Management LLP, First Trust Advisors LP, Darrell & King LLC, Spyglass Capital Management LLC, and Healthcare of Ontario Pension Plan Trust Fund. Company insiders that have bought Palo Alto Networks stock in the last two years include John Donovan, and Nikesh Arora. View insider buying and selling activity for Palo Alto Networks.

How do I buy shares of Palo Alto Networks?

Shares of PANW can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Palo Alto Networks' stock price today?

One share of PANW stock can currently be purchased for approximately $236.43.

How big of a company is Palo Alto Networks?

Palo Alto Networks has a market capitalization of $23.57 billion and generates $2.90 billion in revenue each year. The network technology company earns $-81,900,000.00 in net income (profit) each year or $0.63 on an earnings per share basis. Palo Alto Networks employs 7,014 workers across the globe.

What is Palo Alto Networks' official website?

The official website for Palo Alto Networks is www.paloaltonetworks.com.

How can I contact Palo Alto Networks?

Palo Alto Networks' mailing address is 3000 TANNERY WAY, SANTA CLARA CA, 95054. The network technology company can be reached via phone at 408-753-4000 or via email at [email protected]

This page was last updated on 6/1/2020 by MarketBeat.com Staff