Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns. The disappointing news impacted software stocks, with Palo Alto Networks trading lower by nearly 3% on Tuesday. Shares Short Prior Month – the number of shares in short positions in the last month.
Palo Alto Networks faces competition from other key players in the cybersecurity market such as Cisco. According to Arora, the stock’s inclusion in the Nasdaq-100 affirms the company’s “transformation into the cybersecurity partner of choice for organisations worldwide”. The company also raised its outlook for fiscal year 2022, with expectations of total revenue in the range of $5.35bn to $5.40bn and total billings in the range of $6.675bn to $6.725bn. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
According to the Q2 reporting season, growth is slowing but still robust and above consensus. TipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including Nvidia and Palo Alto. Of the 36 recommendations deriving the current ABR, 31 are Strong Buy and two are Buy.
PANW vs Software Infrastructure Stocks
Yahoo Finance anchor Seana Smith reports on Palo Alto stock up following the earnings report. Constellation Research Founder Ray Wang joins Seana and fellow anchor Diane King Hall to discuss P… The odd saga about why a company would report earnings on a Friday evening in August concluded Monday with a recovery of most related market losses. Palo Alto Networks Inc. shares are basking in the ultimate relief rally Monday after the company’s Friday night earnings scare proved a fakeout. Palo Alto Networks Chairman and CEO Nikesh Arora goes one-on-one with ‘Mad Money’ host Jim Cramer to talk quarterly results, cybersecurity, competition in the space and more. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
CrowdStrike (CRWD -1.51%) issued its latest earnings report on Aug. 30. For the second quarter of fiscal 2024, which ended on July 31, the cloud-based cybersecurity company’s revenue rose 37% year over year to $732 million and surpassed analysts’ estimates by $7 million. Its adjusted net income surged 110% to a record high of $180 million, or $0.74 per share, which cleared the consensus forecast by $0.18 per share. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors.
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The final quotes of the instrument at the close of the previous trading day are a signal to adjust the forecasts for Palo Alto Networks shares. Palo Alto Networks’s EPS has grown In the last three years, rising from $1.82 to $2.52 – a growth of 38.46%. According to 0 analysts, Palo Alto Networks’s EPS will fall by 9.16% in the next year, reaching $2.29.
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. The company’s mission is to protect its customers from cyber threats by providing innovative https://bigbostrade.com/ 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. Its stock-based compensation (SBC) expenses also grew at a slower pace than its total revenue in the first half of fiscal 2024.
Most traditional cybersecurity companies install on-site appliances to run their security services. But those devices are expensive, take up a lot of space, and require constant maintenance. CrowdStrike addresses those common complaints with Falcon, an endpoint security platform that entirely replaces on-site appliances with cloud-native services. Palo Alto Networks stock price as been showing a rising tendency so we believe that similar market segments were very popular in the given time frame. Zscaler (ZS) reported strong quarterly results Tuesday evening, but Palo Alto Networks (PANW) is still the top cybersecurity pick for CNBC’s Jim Cramer.
StockForecast enables investors to make better investment decisions by providing financial data and objective market analysis. StockForecast has the objective information you need to analyze stocks and currencies. StockForecast is not a personal financial advisor and does not make recommendations or offers to buy or sell securities or currencies. Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns. Palo Alto Networks’ financial profile offers consistent revenue growth and profitability.
Financial Calendars
0 analysts predict Palo Alto Networks’s Net Income will decrease by 9.65% in the next year, reaching $-241.23M. Over the next eight years, experts believe that Palo Alto Networks’s Net Income will grow at a rate of 20.65%. Palo Alto Networks has not confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, November 16th, 2023 based off last year’s report dates. According to TipRanks, Eyal is a top 25 analyst with an average return of 25.8% and a 69.96% success rate.
Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. 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. California-based Palo Alto Networks, Inc., founded in 2005, is a global cybersecurity leader. The company provides network security solutions to enterprises, service providers, and government entities. 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.
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Strong Buy and Buy respectively account for 86.11% and 5.56% of all recommendations. A month ago, Strong Buy made up 86.11%, while Buy represented 5.56%. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The scores are based on the trading styles of Value, Growth, and Momentum.
- Palo Alto Networks has not confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, November 16th, 2023 based off last year’s report dates.
- The Style Scores are a complementary set of indicators to use alongside the Zacks Rank.
- Those expanding margins suggest CrowdStrike still has plenty of pricing power, that it can afford to rein in its own spending, and that economies of scale are kicking in.
- An investor that had 100 shares of stock prior to the split would have 300 shares after the split.
- Palo Alto Networks’ financial profile offers consistent revenue growth and profitability.
Palo Alto’s key cybersecurity solutions and innovations across three major platforms – Network Security, Cloud Security and SOC Security – suggest the company is well-positioned. Palo Alto Networks is a compelling stock to own as it gains share in the increasingly important cybersecurity market, CNBC’s Jim Cramer said. The average analyst rating for PANW stock from 38 stock analysts is “Strong Buy”. This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market. It expects revenue to rise 33%-34% year over year in the third quarter and 35%-36% for the full year. That would represent a slowdown from its 54% growth in fiscal 2023, but it also exceeds Wall Street’s forecast for a 35% gain.
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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. Currently, the analyst consensus on Palo Alto Networks is a Strong Buy with an average price target of $279.81, implying a 10.54% upside from current levels. In a report released on August 30, Westpark Capital also initiated coverage with a Buy rating on the stock with a $340.00 price target. You must make your own assessment of the PANW stock, taking in such things as the environment in which it trades and your risk tolerance.
PANW stock analysis: How has it performed in 2021?
For Palo Alto Networks stocks, the 200-day moving average is the support level today. Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. In other words, their interests aren’t always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock’s price movement.
The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month.
There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Upgrade to MarketBeat All Access to add more stocks to your watchlist. One share of PANW stock can currently be purchased for approximately $245.73.
Revenue has also demonstrated upbeat performance in the last three quarters. Revenue increased 24% year-over-year to $1.1bn in the fiscal third quarter 2021, and added 28% and 32%, on an annual basis, to $1.2bn in each in the two following quarters, respectively. Zscaler reports a strong quarter, but Palo Alto Networks is still the top cybersecurity pick for CNBC’s Jim Cramer. The cybersecurity industry has emerged as a critical pillar in the modern business landscape, addressing the ever-growing need to safeguard digital assets and data.
Eyal covers the Technology sector, focusing on stocks such as Palo Alto Networks, Check Point, and Verint Systems. The value of shares and ETFs bought through a share dealing account can fall as well as rise, which could mean getting back less than you originally put in. According to the data compiled by MarketBeat, as of 15 December 2021, out of 31 analysts covering the stock, 28 rated it a ‘buy’, two a ‘hold’ and a ‘sell’.
Professionals believe that By 2030, Palo Alto Networks’s EPS will fall to $2.18 – a 13.63% decrease from its current value. Palo Alto Networks’s Revenue has grown In the last three years, rising from $2.90B to $5.50B – a growth of 89.73%. According to 0 analysts, Palo Alto Networks’s Revenue will fall by 19.16% in the next year, reaching $4.45B.
Analysts’ PANW stock predictions are based on making fundamental and technical studies of the stock’s performance. The consensus 12-month PANW stock price target was $576.52 a share, representing a 12% upside potential based on the closing price of 512.5, as of 14 December 2021. The stock projection varied from the low of $350 to the high of $675. According to 37 stock analysts, the average 12-month stock price forecast for PANW stock stock is $263.03, which predicts an increase of 7.04%.
Palo Alto Networks’s earnings are expected to grow from $2.50 per share to $3.33 per share in the next year, which is a 33.20% increase. TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities. Ever since the pandemic struck in the first quarter of 2020, companies have made working from home a necessity. Independent Solutions Wealth Management Portfolio Manager Paul Meeks joins Yahoo Finance anchor Julie Hyman to discuss Palo Alto Networks’ earnings results, which he calls “the one” long-term cybersec… The problem was valuation, fears of slowing growth and threats of a looming recession.
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as a result of using the information manual trade contained on the site. In the last three years, Palo Alto Networks’s Free Cash Flow has grown, moving from $924.40M to $1.79B – an increase of 93.84%. For the following year, the 0 analysts predict that Palo Alto Networks’s Free Cash Flow will drop by 16.95%, reaching $1.49B. In 2030, the professionals’ prediction is that PANW’s Free Cash Flow will decrease by 20.63%, reaching $1.42B.
Enter your email address below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter. Whether PANW stock is a suitable investment depends on your own investment objectives. It’s important to reach your own conclusion on a company’s prospects and the likelihood of achieving analysts’ targets.
