Palo Alto Networks Inc [PANW] stock prices are up 0.67% to $281.00 at the moment. 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 4.25% over the last week, with a monthly amount drifted -0.82%, and not seem to be holding up well over a long-time horizon.
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On 9, April 2024, Palo Alto Networks and Google Cloud Expand Partnership to Revolutionize Cybersecurity with AI. In a post published today on Yahoo Finance, Building the future of AI-powered security platforms to bring enterprises closer to real-time security resolution.
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.
The stock price of Palo Alto Networks Inc [PANW] has been fluctuating between $176.30 and $380.84 over the past year. 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 $281.00 at the most recent close of the market. An investor can expect a potential drop of -14.79% based on the average PANW price forecast.
Analyzing the PANW fundamentals
The Palo Alto Networks Inc [NASDAQ:PANW] reported sales of 7.53B for trailing twelve months, representing a surge of 19.33%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.5.
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 276.50 points at the first support level, and at 272.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 284.00, and for the 2nd resistance point, it is at 287.00.
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’s worth pointing out that Palo Alto Networks Inc [NASDAQ:PANW]’s Current Ratio is 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 12.06, the price to book ratio is 20.81 and price to earnings (TTM) ratio is 43.93.
Transactions by insiders
Recent insider trading involved Klarich Lee, EVP, Chief Product Officer, that happened on Apr 05 ’24 when 60000.0 shares were sold. EVP, Chief Technology Officer, ZUK NIR completed a deal on Apr 01 ’24 to sell 36000.0 shares. Meanwhile, Chief Accounting Officer Paul Josh D. sold 250.0 shares on Apr 01 ’24.
