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NASDAQ:PANW

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

$329.75
-8.18 (-2.42%)
(As of 09/18/2024 ET)

About Palo Alto Networks Stock (NASDAQ:PANW)

Key Stats

Today's Range
$328.72
$337.75
50-Day Range
$294.18
$368.01
52-Week Range
$224.64
$380.84
Volume
2.85 million shs
Average Volume
4.24 million shs
Market Capitalization
$107.37 billion
P/E Ratio
47.93
Dividend Yield
N/A
Price Target
$366.08
Consensus Rating
Moderate Buy

Company Overview

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.

Palo Alto Networks Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 99th Percentile

Palo Alto Networks scored higher than 99% of companies evaluated by MarketBeat, and ranked 53rd out of 671 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Palo Alto Networks has received a consensus rating of Moderate Buy. The company's average rating score is 2.74, and is based on 29 buy ratings, 12 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Palo Alto Networks has been the subject of 32 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Palo Alto Networks' stock forecast and price target.
  • Earnings Growth

    Earnings for Palo Alto Networks are expected to grow by 22.54% in the coming year, from $3.55 to $4.35 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Palo Alto Networks is 47.93, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.03.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Palo Alto Networks is 47.93, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 266.93.

  • Price to Earnings Growth Ratio

    Palo Alto Networks has a PEG Ratio of 5.03. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Palo Alto Networks has a P/B Ratio of 20.77. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Palo Alto Networks' valuation and earnings.
  • Percentage of Shares Shorted

    3.31% of the outstanding shares of Palo Alto Networks have been sold short.
  • Short Interest Ratio / Days to Cover

    Palo Alto Networks has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Palo Alto Networks has recently decreased by 8.01%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Palo Alto Networks does not currently pay a dividend.

  • Dividend Growth

    Palo Alto Networks does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    3.31% of the outstanding shares of Palo Alto Networks have been sold short.
  • Short Interest Ratio / Days to Cover

    Palo Alto Networks has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Palo Alto Networks has recently decreased by 8.01%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Palo Alto Networks has a news sentiment score of 1.02. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 19 news articles for Palo Alto Networks this week, compared to 19 articles on an average week.
  • Search Interest

    153 people have searched for PANW on MarketBeat in the last 30 days. This is an increase of 6% compared to the previous 30 days.
  • MarketBeat Follows

    41 people have added Palo Alto Networks to their MarketBeat watchlist in the last 30 days. This is an increase of 41% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Palo Alto Networks insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $154,029,567.00 in company stock.

  • Percentage Held by Insiders

    Only 3.30% of the stock of Palo Alto Networks is held by insiders.

  • Percentage Held by Institutions

    79.82% of the stock of Palo Alto Networks is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Palo Alto Networks' insider trading history.

PANW Stock News Headlines

Man who Predicted Trump 2016 Win: “Prepare for Election Meltdown”
Former advisor to the CIA, the Pentagon and the White House Jim Rickards went on multiple TV news programs… A predicted Trump would win. You won’t believe what he’s predicting now.
Palo Alto Networks (NASDAQ:PANW) Trading Down 0.3%
Palo Alto Networks (NASDAQ:PANW) Shares Down 1.4%
See More Headlines

PANW Stock Analysis - Frequently Asked Questions

Palo Alto Networks' stock was trading at $294.88 on January 1st, 2024. Since then, PANW shares have increased by 11.8% and is now trading at $329.75.
View the best growth stocks for 2024 here
.

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, topping analysts' consensus estimates of $1.41 by $0.10. The company's revenue for the quarter was up 12.1% compared to the same quarter last year.

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

The following companies are subsidiaries of Palo Alto Networks: Expanse, The Crypsis Group, CloudGenix, Aporeto, ZingBox, PureSec Pty Ltd, Twistlock, and others.

Palo Alto Networks' top institutional shareholders 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
.

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.

Company Calendar

Last Earnings
8/19/2024
Today
9/18/2024
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
+11.0%
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
$5.16 per share
Book Value
$15.88 per share

Miscellaneous

Free Float
313,115,000
Market Cap
$107.37 billion
Optionable
Optionable
Beta
1.13

Social Links

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

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.

Palo Alto Networks
Bull Case

green Wall Street bull icon

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.

Palo Alto Networks
Bear Case

red Wall Street bear icon

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.

This page (NASDAQ:PANW) was last updated on 9/19/2024 by MarketBeat.com Staff
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