A share price of Palo Alto Networks Inc [PANW] is currently trading at $335.94, up 1.15%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PANW shares have lost -0.82% over the last week, with a monthly amount drifted -2.95%, 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.
Palo Alto Networks Inc experienced fluctuations in its stock price throughout the past year between $230.09 and $380.84. 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 $335.94 at the most recent close of the market. An investor can expect a potential drop of -6.98% based on the average PANW price forecast.
Analyzing the PANW fundamentals
Trailing Twelve Months sales for Palo Alto Networks Inc [NASDAQ:PANW] were 8.03B which represents 12.09% growth. 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 331.00 points at the first support level, and at 326.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 338.78, and for the 2nd resistance point, it is at 341.63.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Palo Alto Networks Inc [NASDAQ:PANW] 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 13.63, the price to book ratio is 21.13 and price to earnings (TTM) ratio is 46.41.
Transactions by insiders
Recent insider trading involved ZUK NIR, EVP, Chief Technology Officer, that happened on Oct 01 ’24 when 36000.0 shares were sold. Affiliate, Nir Zuk completed a deal on Oct 01 ’24 to buy 0.11 million shares. Meanwhile, EVP, Chief Technology Officer ZUK NIR sold 36000.0 shares on Sep 03 ’24.
