As of close of business last night, Palo Alto Networks Inc’s stock clocked out at $282.05, up 0.52% from its previous closing price of $280.58. In other words, the price has increased by $+1.47 from its previous closing price. On the day, 3393377 shares were traded.
Ratios:
To gain a deeper understanding of PANW’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 26.98 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 31.19. For the most recent quarter (mrq), Quick Ratio is recorded 0.79 and its Current Ratio is at 0.79. In the meantime, Its Debt-to-Equity ratio is 0.50 whereas as Long-Term Debt/Eq ratio is at 0.08.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Rosenblatt on February 21, 2024, Downgraded its rating to Neutral and sets its target price to $265 from $290 previously.
On February 21, 2024, Piper Sandler Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $350 to $300.
Northland Capital Downgraded its Outperform to Market Perform on February 21, 2024, while the target price for the stock was maintained at $275.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 11 ’24 when Klarich Lee sold 60,000 shares for $284.33 per share. The transaction valued at 17,059,885 led to the insider holds 198,105 shares of the business.
Paul Josh D. sold 1,050 shares of PANW for $294,000 on Mar 07 ’24. The Chief Accounting Officer now owns 27,247 shares after completing the transaction at $280.00 per share. On Mar 01 ’24, another insider, ZUK NIR, who serves as the EVP, Chief Technology Officer of the company, sold 36,000 shares for $301.71 each. As a result, the insider received 10,861,624 and left with 1,367,567 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PANW now has a Market Capitalization of 91.13B and an Enterprise Value of 89.94B. As of this moment, Palo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 44.09, and their Forward P/E ratio for the next fiscal year is 46.12. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.47. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.11 while its Price-to-Book (P/B) ratio in mrq is 20.89. Its current Enterprise Value per Revenue stands at 11.95 whereas that against EBITDA is 77.94.
Stock Price History:
The Beta on a monthly basis for PANW is 1.21, which has changed by 45.47% over the last 52 weeks, in comparison to a change of 32.31% over the same period for the S&P500. Over the past 52 weeks, PANW has reached a high of $380.84, while it has fallen to a 52-week low of $176.30. The 50-Day Moving Average of the stock is 322.02, while the 200-Day Moving Average is calculated to be 269.11.
Shares Statistics:
It appears that PANW traded 5.91M shares on average per day over the past three months and 5.23M shares per day over the past ten days. A total of 323.10M shares are outstanding, with a floating share count of 318.90M. Insiders hold about 1.30% of the company’s shares, while institutions hold 82.36% stake in the company. Shares short for PANW as of Feb 29, 2024 were 14.11M with a Short Ratio of 2.39, compared to 13.44M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.37% and a Short% of Float of 4.41%.
Earnings Estimates
As of right now, 38 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $1.25 for the current quarter, with a high estimate of $1.27 and a low estimate of $1.16, while EPS last year was $1.1. The consensus estimate for the next quarter is $1.4, with high estimates of $1.49 and low estimates of $1.33.
Analysts are recommending an EPS of between $5.58 and $5.43 for the fiscal current year, implying an average EPS of $5.5. EPS for the following year is $6.15, with 44 analysts recommending between $7.57 and $4.67.
Revenue Estimates
A total of 43 analysts have provided revenue estimates for PANW’s current fiscal year. The highest revenue estimate was $8.11B, while the lowest revenue estimate was $7.93B, resulting in an average revenue estimate of $7.98B. In the same quarter a year ago, actual revenue was $6.89B, up 15.80% from the average estimate. Based on 44 analysts’ estimates, the company’s revenue will be $9.12B in the next fiscal year. The high estimate is $9.63B and the low estimate is $8.85B. The average revenue growth estimate for next year is up 14.20% from the average revenue estimate for this year.
