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NYSE:PANWPalo Alto Networks Stock Price, Forecast & News

$237.93
+8.43 (+3.67 %)
(As of 05/25/2020 04:00 PM ET)
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Today's Range
$232.02
Now: $237.93
$243.14
50-Day Range
$162.66
MA: $200.31
$237.93
52-Week Range
$125.47
Now: $237.93
$251.10
Volume4.10 million shs
Average Volume1.51 million shs
Market Capitalization$23.72 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.14
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 3.4Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.47 out of 5 stars


Industry, Sector and Symbol

Industry Computer peripheral equipment, not elsewhere classified
Sub-IndustryCommunications Equipment
SectorComputer and Technology
CUSIP69743510
Phone408-753-4000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.90 billion
Cash Flow$5.05 per share
Book Value$16.35 per share

Profitability

Net Income$-81,900,000.00

Miscellaneous

Employees7,014
Market Cap$23.72 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 (COVID-19) reached pandemic status according to the World Health Organization. Since then, PANW stock has increased by 51.0% and is now trading at $237.93. View which stocks have been most impacted by Coronavirus.

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

33 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 23 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) issued its earnings results on Thursday, May, 21st. The network technology company reported $1.17 EPS for the quarter, beating the Thomson Reuters' 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 5.65%. The business's revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period in the prior year, the business earned $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 (EPS) 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?

33 brokerages have issued 12 month target prices for Palo Alto Networks' stock. Their forecasts range from $180.00 to $316.00. On average, they anticipate Palo Alto Networks' share price to reach $257.81 in the next year. This suggests a possible upside of 8.4% 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?

Media coverage about PANW stock has been trending positive this week, InfoTrie reports. The research firm identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public 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 sentiment score of 2.4 on InfoTrie's scale. They also assigned media coverage about the network technology company a news buzz of 3.0 out of 10, indicating that recent news coverage is unlikely to have an effect on the company's share price in the near future. View the latest news aboutPalo Alto Networks.

Who are some of Palo Alto Networks' key 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 a number of institutional and retail 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 institutional 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 institutional investors are buying Palo Alto Networks stock?

PANW stock was acquired 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 $237.93.

How big of a company is Palo Alto Networks?

Palo Alto Networks has a market capitalization of $23.72 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 5/26/2020 by MarketBeat.com Staff

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