Palo Alto Networks Inc (NASDAQ:PANW) shares, rose in value, with the stock price down by -1.61% to the previous day’s close as strong demand from buyers drove the stock to $265.20.
Actively observing the price movement in the last trading, the stock closed the session at $269.54. The value of beta (5-year monthly) was 1.21 whereas the PE ratio was 41.46 over 12-month period. Referring to stock’s 52-week performance, its high was $380.84, and the low was $176.30. On the whole, PANW has fluctuated by -8.91% over the past month.
With the market capitalization of Palo Alto Networks Inc currently standing at about $85.69 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 21, 2024 – May 27, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.25, which is expected to increase to $1.49 for fiscal year $5.5 and then to about $6.15 by fiscal year 2025. Data indicates that the EPS growth is expected to be 23.90% in 2025, while the next year’s EPS growth is forecast to be 11.80%.
Analysts have estimated the company’s revenue for the quarter at $1.97 billion, with a low estimate of $1.95 billion and a high estimate of $1.98 billion. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $7.98 billion, representing an increase of 15.80% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that PANW’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.32, with the price of PANW currently trading nearly -6.23% and -15.48% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 32.31, while the 7-day volatility ratio is showing 2.16% which for the 30-day chart, stands at 2.83%. Furthermore, Palo Alto Networks Inc (PANW)’s beta value is 1.21, and its average true range (ATR) is 9.34.
A comparison of Palo Alto Networks Inc (PANW) with its peers suggests the former has fared considerably weaker in the market. PANW showed an intraday change of -1.61% in last session, and over the past year, it grew by 35.08%%.
Data on historical trading for Palo Alto Networks Inc (NASDAQ:PANW) indicates that the trading volumes over the past 10 days have averaged 3.43 million and over the past 3 months, they’ve averaged 6.02 million. According to company’s latest data on outstanding shares, there are 323.10 million shares outstanding.
Nearly 1.30% of Palo Alto Networks Inc’s shares belong to company insiders and institutional investors own 82.34% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 13.43 million shares as on Mar 15, 2024, resulting in a short ratio of 1.22. According to the data, the short interest in Palo Alto Networks Inc (PANW) stood at 4.16% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 12.93 million. The stock has fallen by -10.07% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PANW stock heading into the next quarter.
