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Palo Alto Networks (PANW) Stock Price, News & Analysis

$335.82
-7.92 (-2.30%)
(As of 09/6/2024 ET)
Today's Range
$333.84
â–Ľ
$347.03
50-Day Range
$294.18
â–Ľ
$368.01
52-Week Range
$224.64
â–Ľ
$380.84
Volume
2.37 million shs
Average Volume
4.33 million shs
Market Capitalization
$108.74 billion
P/E Ratio
48.81
Dividend Yield
N/A
Price Target
$366.08

Palo Alto Networks MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.74 Rating Score
Upside/​Downside
9.0% Upside
$366.08 Price Target
Short Interest
Healthy
3.62% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.58
Upright™ Environmental Score
News Sentiment
0.67mentions of Palo Alto Networks in the last 14 days
Based on 26 Articles This Week
Insider Trading
Selling Shares
$154.69 M Sold Last Quarter
Proj. Earnings Growth
22.54%
From $3.55 to $4.35 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.57 out of 5 stars

Computer And Technology Sector

96th out of 594 stocks

Computer Peripheral Equipment, Not Elsewhere Classified Industry

1st out of 14 stocks

PANW stock logo

About Palo Alto Networks Stock (NASDAQ:PANW)

Palo Alto Networks Inc is a leading cybersecurity company that provides advanced security solutions to businesses, governments and organizations worldwide. Founded in 2005, Palo Alto Networks has become a market leader in next-generation firewall technology and cloud-based security solutions.

The company's mission is to protect its customers from cyber threats by providing innovative security solutions that are easy to use and deploy. Palo Alto Networks offers various products and services to protect networks, endpoints and cloud-based applications from advanced cyber attacks.

Palo Alto Networks' flagship product is its Next-Generation Firewall (NGFW) which provides advanced security features such as intrusion prevention, application control and threat prevention. The NGFW is designed to provide real-time visibility and control over network traffic, enabling businesses to detect and prevent cyber attacks before they cause harm.

In addition to its NGFW product line, Palo Alto Networks offers a range of cloud-based security solutions. Its Prisma Cloud platform provides comprehensive security for cloud-based applications and data. Palo Alto Network has also developed the Cortex XDR platform, which provides endpoint detection and response (EDR) capabilities. This platform allows businesses to detect and respond to cyber threats stopping a hacker before they reach critical infrastructure.

Palo Alto Networks' solutions are trusted by some of the world's largest and most security-conscious organizations, including government agencies, financial institutions and healthcare providers. The company has developed a reputation for delivering innovative and effective security solutions and it has been recognized by industry analysts for its leadership in the cybersecurity market.

Palo Alto Networks' financial profile offers consistent revenue growth and profitability. The company has a strong balance sheet. This is coupled with ample cash and cash equivalents available for use. Palo Alto Networks has consistently generated positive cash flow from operations and has no long-term debt, providing a  financial foundation for future growth.

Palo Alto Networks' growth strategy focuses on expanding its product offerings and increasing its market share in the cybersecurity market. The company has made a number of strategic acquisitions in recent years, including Demisto, a security orchestration and automation company and Twistlock, a container security company. These acquisitions have allowed Palo Alto Networks to broaden its product portfolio and enter new markets.

In addition to its organic growth initiatives, Palo Alto Networks is also focused on expanding its global footprint. The company has offices and infrastructure in more than 150 countries and has offices and operations in key markets worldwide. Palo Alto Networks' global presence allows it to serve diverse customers and tap into new markets for growth.

Palo Alto Networks is a leading cybersecurity company with a strong financial profile and a proven track record of delivering innovative and effective security solutions. With its focus on expanding its product offerings and global footprint, the company is positioned for continued growth in the cybersecurity market.

PANW Stock Price History

PANW Stock News Headlines

Tim Sykes’ Urgent Trade Alert: “Make this move now”
WARNING: 80 Wall Street banks are gearing up for MASSIVE D.C. shock This $2 trillion D.C. shock is NOT about Trump or Biden dropping out of the race…
Tim Sykes’ Urgent Trade Alert: “Make this move now”
WARNING: 80 Wall Street banks are gearing up for MASSIVE D.C. shock This $2 trillion D.C. shock is NOT about Trump or Biden dropping out of the race…
5 Top Stocks to Buy in September
See More Headlines
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Company Calendar

Last Earnings
8/19/2024
Today
9/07/2024
Next Earnings (Estimated)
11/20/2024
Fiscal Year End
7/31/2025

Industry, Sector and Symbol

Industry
Computer peripheral equipment, not elsewhere classified
Sub-Industry
Communications Equipment
Current Symbol
NASDAQ:PANW
CUSIP
69743510
Fax
N/A
Employees
13,948
Year Founded
2005

Price Target and Rating

Average Stock Price Target
$366.08
High Stock Price Target
$420.00
Low Stock Price Target
$242.00
Potential Upside/Downside
+9.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.74
Research Coverage
42 Analysts

Profitability

Net Income
$2.58 billion
Pretax Margin
12.31%

Debt

Sales & Book Value

Annual Sales
$8.03 billion
Cash Flow
$3.71 per share
Book Value
$15.97 per share

Miscellaneous

Free Float
313,115,000
Market Cap
$108.74 billion
Optionable
Optionable
Beta
1.13

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Should I Buy Palo Alto Networks Stock? PANW Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Palo Alto Networks, Inc.:

  • Palo Alto Networks, Inc. reported strong quarterly earnings, beating analysts' consensus estimates by $0.10 per share, indicating solid financial performance.
  • The company has a healthy net margin of 31.42%, showcasing efficient cost management and profitability.
  • With a return on equity of 32.74%, Palo Alto Networks, Inc. demonstrates the ability to generate strong returns for its shareholders.
  • Analysts have raised price targets for the stock, indicating positive sentiment and growth potential in the company's future performance.
  • Palo Alto Networks, Inc. has a market cap of $117.45 billion, reflecting its position as a significant player in the cybersecurity industry.

Cons

Investors should be bearish about investing in Palo Alto Networks, Inc. for these reasons:

  • Despite positive analyst ratings and price target increases, the stock may be trading at a high valuation, potentially limiting short-term upside.
  • The company's P/E ratio of 52.72 and P/E/G ratio of 4.40 suggest that the stock may be relatively expensive compared to industry peers.
  • While revenue growth has been positive, the stock's beta of 1.14 indicates higher volatility compared to the market average, posing risks for investors.
  • Institutional investors have significantly increased their stakes in Palo Alto Networks, Inc., potentially leading to higher volatility and market fluctuations.
  • Investors should consider market conditions and potential cybersecurity threats that could impact Palo Alto Networks, Inc.'s future performance and stock price.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, September 4, 2024. Please send any questions or comments about these Palo Alto Networks pros and cons to contact@marketbeat.com.

PANW Stock Analysis - Frequently Asked Questions

How have PANW shares performed this year?

Palo Alto Networks' stock was trading at $294.88 on January 1st, 2024. Since then, PANW stock has increased by 13.9% and is now trading at $335.82.
View the best growth stocks for 2024 here
.

How were Palo Alto Networks' earnings last quarter?

Palo Alto Networks, Inc. (NASDAQ:PANW) posted its quarterly earnings results on Monday, August, 19th. The network technology company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.10. The firm's revenue was up 12.1% compared to the same quarter last year.

When did Palo Alto Networks' stock split?

Shares of Palo Alto Networks split on the morning of Wednesday, September 14th 2022. The 3-1 split was announced on Monday, August 22nd 2022. The newly created shares were issued to shareholders after the market closes on Tuesday, September 13th 2022. An investor that had 100 shares of stock prior to the split would have 300 shares after the split.

Does Palo Alto Networks have any subsidiaries?

Palo Alto Networks subsidiaries include Expanse, The Crypsis Group, CloudGenix, Aporeto, ZingBox, PureSec Pty Ltd, Twistlock, and others.

Who are Palo Alto Networks' major shareholders?

Palo Alto Networks' top institutional investors include Legal & General Group Plc (1.00%), Clearbridge Investments LLC (0.82%), Canada Pension Plan Investment Board (0.69%) and William Blair Investment Management LLC (0.31%). Insiders that own company stock include Nir Zuk, Nir Zuk, Nikesh Arora, Nikesh Arora, Lee Klarich, Lee Klarich, James J Goetz, Mark D Mclaughlin, Dipak Golechha, Mary Pat Mccarthy, John Donovan, Josh D Paul, William D Jenkins Jr, John P Key and Aparna Bawa.
View institutional ownership trends
.

How do I buy shares of Palo Alto Networks?

Shares of PANW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:PANW) was last updated on 9/7/2024 by MarketBeat.com Staff

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