Palo Alto Networks Inc. (NYSE:PANW) saw an upside of 1.09% to close Tuesday at $505.24 after adding $5.43 on the day. The 5-day average trading volume is 984,180 shares of the company’s common stock. It has gained $510.00 in the past week. An average of 1,129,390 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,473,180.
PANW’s 1-month performance is 6.12% or $35.34 on its low of $458.59 reached on 09/13/21. The company’s shares have touched a 52-week low of $219.34 and high of $502.22, with the stock’s rally to the 52-week high happening on 10/12/21. YTD, PANW has achieved 42.16% or $149.85. However, the current price is up 0.60%% from the 52-week high price.
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On Oct 04, 9 days have gone by since the last insider trading activity for Palo Alto Networks Inc. (PANW). MCLAUGHLIN MARK D (Director) most recently sold 1,500 shares at $479.57 per share on Oct 04. This transaction cost the insider $719,358. EVP, Chief Technology Officer, ZUK NIR, sold 12,000 shares at a price of $480.91 on Oct 01. Then, on Sep 08, EVP, Chief Product Officer Klarich Lee sold 6,870 shares at a price of $462.48 per share. This transaction amounted to $3,177,231.
Palo Alto Networks Inc. (PANW) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 36.86 for the sector.PANW stock has a beta of 1.37. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 11.58 while the price-to-book (PB) in the most recent quarter is 77.49, with the price to cash flow ratio at 35.55.
Palo Alto Networks Inc.’s quick ratio for the period ended July 30 was 0.90, with the current ratio over the same period at 0.90 meaning that PANW stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending July 30 was 2.63, while the total debt to equity was 5.08. In terms of profitability, the gross margin trailing 12 months is 70.00%. The trailing 12-month EBITDA margin is 0.02% while for the period ending July 30; Palo Alto Networks Inc.’s operating margin was -7.10%. The firm’s gross profit as reported stood at $2.98 billion against revenue of $4.26 billion.
For the quarterly period ending July 30 this year, Palo Alto Networks Inc.’s cash and short-term investments amounted to $1.03 billion against total debt of $3.61 billion. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected PANW to announce $1.43 per share in earnings in its latest quarter, but it posted $1.6, representing a 11.90% surprise. EBITDA for the quarter stood at more than $150.3 million. PANW stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 9.61 billion, with total debt at $3.61 billion. Shareholders hold equity totaling $97.41 million
Let’s look briefly at Palo Alto Networks Inc. (PANW) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 70.39% to suggest the stock is trending Overbought, with historical volatility in this time period at 30.60%.
The stock’s 5-day moving average is $495.53, reflecting a +6.23% or $29.65 change from its current price. PANW is currently trading +4.21% above its 20-day SMA, +47.48% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +26.21% and +37.62% respectively.
Stochastic %K and %D was 86.52% and 82.67% and the average true range (ATR) pointed at 12.32. The RSI (14) points at 68.35%, while the 14-day stochastic is at 89.84% with the period’s ATR at 12.10. The stock’s 9-day MACD Oscillator is pointing at 11.69 and 13.75 on the 14-day charts.
In the most recent analyst report for Palo Alto Networks Inc. (NYSE: PANW), BMO Capital Markets reiterated its an Outperform rating for the company but lifted their price target by $480 to $525. Analysts offering their rating for PANW stock have a consensus rating for the stock as Buy. Currently, 1 brokerage advisors rate PANW as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 30 have offered a “buy” rating.
What is PANW’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $450.00 and a high of $740.00, with their median price target at $550.00. Looking at these predictions, the average price target given by analysts is for Palo Alto Networks Inc. (PANW) stock is $547.42.