Palo Alto Networks Inc (NASDAQ:PANW) traded at $294.57 at last check on Monday, April 29, made an upward move of 1.08% on its previous day’s price.
Looking at the stock we see that its previous close was $291.42. The company has a trailing 12-month PE ratio of 46.05. In terms of its 52-week price range, PANW has a high of $380.84 and a low of $176.30. The company’s stock has gained about 3.68% over that past 30 days.
Palo Alto Networks Inc has a market cap of $95.18 billion. Estimates by analysts give the company expected earnings per share (EPS) of $1.25, with the EPS growth for the year raised at $5.51 for 2024 and $6.15 for next year. These figures represent 24.10% and 11.60% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $1.97 billion, with a low of $1.95 billion and a high of $1.98 billion. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $7.98 billion, or 15.80% up from figures reported last year.
On the other hand, looking at the outlook for the PANW stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 50% Buy.
Looking further, we note that the PEG ratio for the PANW stock currently stands at 2.58, and the most recent price level today is 5.57% off its SMA20 and 1.84% from its 50-day simple moving average. The RSI (14) is pointing at 58.00 while the volatility over the past week is 2.71% and jumps to 2.46% over the past one month. The beta value is 1.19, while the average true range (ATR) is currently pointing at 8.55.
Coming back to Palo Alto Networks Inc (NASDAQ:PANW), we note that the average 3-month trading volume was 6.03 million. Current shares outstanding are 323.10 million.
The insiders hold 1.28% of the company’s shares while institutions hold 82.07%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -0.10% down in year-to-date price movement.
