At the time of writing, Palo Alto Networks Inc [PANW] stock is trading at $286.69, up 0.57%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PANW shares have gain 2.18% over the last week, with a monthly amount drifted -5.31%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 26, February 2024, Palo Alto Networks Launches Private 5G Security Solutions with Partner Ecosystem. In a post published today on Yahoo Finance, Empowering customers with comprehensive, integrated private 5G solutions.
From an analyst’s perspective:
Palo Alto Networks Inc [NASDAQ: PANW] stock has seen the most recent analyst activity on February 21, 2024, when Rosenblatt downgraded its rating to a Neutral and also revised its price target to $265 from $290. Previously, Piper Sandler downgraded its rating to Neutral on February 21, 2024, and dropped its price target to $300. On February 21, 2024, downgrade downgraded it’s rating to Market Perform but maintained its price target of $275 on the stock. Loop Capital downgraded its rating to a Hold but stick to its price target of $300 on February 21, 2024. CapitalOne downgraded its rating to a Equal Weight but $302 remained the price target by the analyst firm on February 21, 2024. Bernstein started tracking with a Outperform rating for this stock on January 18, 2024, and assigned it a price target of $402. In a note dated December 18, 2023, Raymond James downgraded an Mkt Perform rating on this stock.
For the past year, the stock price of Palo Alto Networks Inc fluctuated between $176.30 and $380.84. Currently, Wall Street analysts expect the stock to reach $239.45 within the next 12 months. Palo Alto Networks Inc [NASDAQ: PANW] shares were valued at $286.69 at the most recent close of the market. An investor can expect a potential drop of -16.48% based on the average PANW price forecast.
Analyzing the PANW fundamentals
According to Palo Alto Networks Inc [NASDAQ:PANW], the company’s sales were 7.53B for trailing twelve months, which represents an 19.33% jump. Gross Profit Margin for this corporation currently stands at 0.74% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.3%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.96 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.5.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 283.58 points at the first support level, and at 280.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 289.02, and for the 2nd resistance point, it is at 291.35.
Palo Alto Networks Inc [PANW] reported earnings per share of $1.46 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.3/share, meaning a difference of $0.16 and a surprise factor of 12.30%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $1.38 per share as compared to estimates of $1.16 per share, a difference of $0.22 representing a surprise of 19.00%.
Ratios To Look Out For
It is important to note that Palo Alto Networks Inc [NASDAQ:PANW] has a current ratio of 0.79. As well, the Quick Ratio is 0.79, while the Cash Ratio is 0.23. Considering the valuation of this stock, the price to sales ratio is 12.31, the price to book ratio is 21.23 and price to earnings (TTM) ratio is 44.82.
Transactions by insiders
Recent insider trading involved Klarich Lee, EVP, Chief Product Officer, that happened on Mar 11 ’24 when 60000.0 shares were sold. Chief Accounting Officer, Paul Josh D. completed a deal on Mar 07 ’24 to sell 1050.0 shares. Meanwhile, EVP, Chief Technology Officer ZUK NIR sold 36000.0 shares on Mar 01 ’24.
