Is it Right Time Pull the Trigger on Palo Alto Networks Inc. [PANW] Stock?

In a recent bid Palo Alto Networks Inc. [PANW] faced a contemporary bid of $314.67 yielding a 3.05% incline where 0.63 million shares have exchanged hands over the last week. PANW amount got a boost by 3.89% or $11.78 versus $302.89 at the end of the prior session. This change led market cap to move at 28.11B, putting the price 150.80% below the 52-week high and 2.83% above the 52-week low. The company’s stock has a normal trading capacity of 0.63 million shares while the relative volume is 1.76.

On 18, November 2020, Palo Alto Networks Launches Industry’s First 5G-Native Security Offering, Enabling Service Providers and Enterprises to Create New Revenue Streams While Securing 5G. According to news published on Yahoo Finance, Securing 5G Unlocks Potential to Transform Industries.

Analyst Birdseye View:

The most recent analyst activity for Palo Alto Networks Inc. [NYSE:PANW] stock was on August 21, 2020, when it was Reiterated with an Outperform rating from Oppenheimer, which also raised its 12-month price target on the stock from $265 to $305. Before that, on November 24, 2020, KeyBanc Capital Markets Recapitulated an Overweight rating and elevated its amount target to $350. On August 21, 2020, Loop Capital Initiated a Buy rating and boosted its price target on this stock to $325. On August 20, 2020, Deutsche Bank Initiated a Buy rating and increased its price target to $328. On August 19, 2020, Monness Crespi & Hardt Reiterated a Buy rating and increased its price target to $295. On August 05, 2020, BTIG Research Upgrade a Buy rating and boosted its amount on this stock to $313. On May 22, 2020, Wells Fargo Reiterated an Overweight rating and boosted its target amount on this stock from $250 to $275. On the same date Robert W. Baird Reiterated an Outperform rating and elevated its amount target to $265.

In the past 52 weeks of trading, this stock has oscillated between a low of $125.47 and a peak of $306.00. Right now, the middling Wall Street analyst 12-month amount mark is $320.00. At the most recent market close, shares of Palo Alto Networks Inc. [NYSE:PANW] were valued at $314.67. According to the average price forecast, investors can expect a potential return of 0.24%.

FUNDAMENTAL ANALYSIS

Palo Alto Networks Inc. [NYSE:PANW] most recently reported quarterly sales of 946.0 billion, which represented growth of 22.60%. This publicly-traded organization’s revenue is $425,306 per employee, while its income is -$33,317 per employee. This company’s Gross Margin is currently 70.40%, its Operating Margin is -4.80%, its Pretax Margin is -6.80, and its Net Margin is -7.83. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -3.41, -19.87, -4.79 and -7.08 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 75.95 and the whole liability to whole assets at 38.37. It shows enduring liability to the whole principal at 74.68 and enduring liability to assets at 0.38 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 301.51 points at 1st support level, the second support level is making up to 300.12. But as of 1st resistance point, this stock is sitting at 304.52 and at 306.15 for 2nd resistance point.

Palo Alto Networks Inc. [PANW] reported its earnings at $1.62 per share in the fiscal quarter closing of 10/30/2020. The Analysts for Wall Street were expecting to report its earnings at $1.33/share signifying the difference of 0.29 and 21.80% surprise value. Comparing the previous quarter ending of 7/30/2020, the stated earnings were $1.48 calling estimates for $1.39/share with the difference of 0.09 depicting the surprise of 6.50%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Palo Alto Networks Inc. [NYSE:PANW] is 1.60. Likewise, the Quick ratio is also the same, showing Cash ratio at 1.39. Now if looking for a valuation of this stock’s amount to sales ratio it’s 7.28 and it’s amount to book ratio is 22.37.

Insider Stories

The most recent insider trade was by Singh Amit K., President, and it was the sale of 1378.0 shares on Dec 04. MCLAUGHLIN MARK D, the Director, completed a sale of 40000.0 shares on Dec 01. On Dec 01, ZUK NIR, EVP, Chief Technology Officer, completed a sale of 12000.0 shares.