In the latest session, Palo Alto Networks Inc (NASDAQ: PANW) closed at $278.86 down -4.21% from its previous closing price of $291.13. In other words, the price has decreased by -$12.27 from its previous closing price. On the day, 11649414 shares were traded.
Ratios:
For a deeper understanding of Palo Alto Networks Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 26.68 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 30.84. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 01 ’24 when ZUK NIR sold 36,000 shares for $301.71 per share. The transaction valued at 10,861,624 led to the insider holds 1,367,567 shares of the business.
Golechha Dipak sold 2,500 shares of PANW for $778,825 on Mar 01 ’24. The EVP, Chief Financial Officer now owns 68,493 shares after completing the transaction at $311.53 per share. On Feb 23 ’24, another insider, Jenkins William D Jr, who serves as the President of the company, sold 1,867 shares for $280.13 each. As a result, the insider received 523,004 and left with 25,812 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 94.06B and an Enterprise Value of 92.88B. As of this moment, Palo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 43.60, and their Forward P/E ratio for the next fiscal year is 45.59. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.44. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.97 while its Price-to-Book (P/B) ratio in mrq is 20.65. Its current Enterprise Value per Revenue stands at 12.34 whereas that against EBITDA is 80.48.
Stock Price History:
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 323.94, while the 200-Day Moving Average is calculated to be 264.73.
Shares Statistics:
For the past three months, PANW has traded an average of 5.68M shares per day and 16.39M over the past ten days. A total of 323.10M shares are outstanding, with a floating share count of 318.74M. Insiders hold about 1.35% of the company’s shares, while institutions hold 82.27% stake in the company. Shares short for PANW as of Feb 15, 2024 were 12.93M with a Short Ratio of 2.28, compared to 14.69M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.00% and a Short% of Float of 4.04%.
Earnings Estimates
There are 38 different market analysts currently analyzing its stock. 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 $5.55 and $5.43 for the fiscal current year, implying an average EPS of $5.5. EPS for the following year is $6.15, with 43 analysts recommending between $7.57 and $4.67.
Revenue Estimates
A total of 42 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 43 analysts’ estimates, the company’s revenue will be $9.11B 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.
