Palo Alto Networks Inc [PANW] stock prices are down -0.88% to $340.51 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 3.26% over the last week, with a monthly amount drifted -1.90%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Palo Alto Networks Inc [NASDAQ: PANW] stock has seen the most recent analyst activity on July 18, 2024, when Redburn Atlantic downgraded its rating to a Neutral and also revised its price target to $325 from $350. Previously, DA Davidson started tracking the stock with Buy rating on June 21, 2024, and set its price target to $380. On May 29, 2024, Daiwa Securities initiated with a Outperform rating and assigned a price target of $350 on the stock. Rosenblatt downgraded its rating to a Neutral and decreased its price target to $265 on February 21, 2024. Piper Sandler downgraded its rating to a Neutral and reduced its price target to $300 on February 21, 2024. Northland Capital downgraded its rating to Market Perform for this stock on February 21, 2024, but kept the price target unchanged to $275. In a note dated February 21, 2024, Loop Capital downgraded an Hold rating on this stock but restated the target price of $300.
The stock price of Palo Alto Networks Inc [PANW] has been fluctuating between $224.64 and $380.84 over the past year. Currently, Wall Street analysts expect the stock to reach $312.48 within the next 12 months. Palo Alto Networks Inc [NASDAQ: PANW] shares were valued at $340.51 at the most recent close of the market. An investor can expect a potential drop of -8.23% based on the average PANW price forecast.
Analyzing the PANW fundamentals
The Palo Alto Networks Inc [NASDAQ:PANW] reported sales of 8.03B for trailing twelve months, representing a surge of 12.09%. Gross Profit Margin for this corporation currently stands at 0.74% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.32%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.64 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.27.
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 337.58 points at the first support level, and at 334.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 344.22, and for the 2nd resistance point, it is at 347.93.
Ratios To Look Out For
It’s worth pointing out that Palo Alto Networks Inc [NASDAQ:PANW]’s Current Ratio is 0.84. As well, the Quick Ratio is 0.84, while the Cash Ratio is 0.2. Considering the valuation of this stock, the price to sales ratio is 13.81, the price to book ratio is 21.41 and price to earnings (TTM) ratio is 47.04.
Transactions by insiders
Recent insider trading involved Klarich Lee, EVP, Chief Product Officer, that happened on Sep 04 ’24 when 60000.0 shares were sold. Chief Executive Officer, Arora Nikesh completed a deal on Sep 04 ’24 to sell 66666.0 shares. Meanwhile, Chief Accounting Officer Paul Josh D. sold 200.0 shares on Sep 03 ’24.
