The trading price of Palo Alto Networks Inc (NASDAQ:PANW) floating higher at last check on Tuesday, April 23, closing at $292.06, 3.69% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 45.66. In examining the 52-week price action we see that the stock hit a 52-week high of $380.84 and a 52-week low of $176.30. Over the past month, the stock has gained 1.84% in value.
Palo Alto Networks Inc, whose market valuation is $94.37 billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $1.25 per share this quarter, however they have predicted annual earnings per share of $5.5 for 2024 and $6.15 for 2025. It means analysts are expecting annual earnings per share growth of 23.90% this year and 11.80% next year.
Analysts have forecast the company to bring in revenue of $1.97 billion for the current quarter, with the likely lows of $1.95 billion and highs of $1.98 billion. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2024 is $7.99 billion. The company’s revenue is forecast to grow by 15.90% over what it did in 2024.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Palo Alto Networks Inc no upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest PANW has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a Hold, while an average of long term indicators suggests that the stock is currently 50% Buy.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 2.56, which symbolizes a positive outlook. A quick review shows that PANW’s price is currently 5.22% off the SMA20 and -1.20% off the SMA50. The RSI metric on the 14-day chart is currently showing 57.22, and weekly volatility stands at 2.59%. When measured over the past 30 days, the indicator reaches 2.38%. Palo Alto Networks Inc (NASDAQ:PANW)’s beta value is currently sitting at 1.19, while the Average True Range indicator is currently displaying 8.34.
To see how Palo Alto Networks Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: PANW stock’s performance was 3.69% at last check in today’s session, and 51.13% in the past year. Palo Alto Networks Inc has a P/E ratio of 45.66.
An evaluation of the daily trading volume of Palo Alto Networks Inc (NASDAQ:PANW) indicates that the 3-month average is 6.03 million.
Currently, records show that 323.10 million of the company’s shares remain outstanding. The insiders hold 1.29% of outstanding shares, whereas institutions hold 82.15%. However, since the stock’s price has seen -0.95% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
