We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Palo Alto Networks (PANW) Stock Moves -0.01%: What You Should Know
Read MoreHide Full Article
Palo Alto Networks (PANW - Free Report) closed at $166.13 in the latest trading session, marking a -0.01% move from the prior day. This change was narrower than the S&P 500's 0.88% loss on the day. Meanwhile, the Dow lost 0.73%, and the Nasdaq, a tech-heavy index, lost 4.59%.
Heading into today, shares of the security software maker had gained 21.53% over the past month, outpacing the Computer and Technology sector's gain of 14.64% and the S&P 500's gain of 5.83% in that time.
Palo Alto Networks will be looking to display strength as it nears its next earnings release, which is expected to be February 21, 2023. The company is expected to report EPS of $0.78, up 34.48% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.65 billion, up 25.15% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.42 per share and revenue of $6.89 billion, which would represent changes of +35.71% and +25.15%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Palo Alto Networks. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 2.51% lower. Palo Alto Networks is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Palo Alto Networks is currently trading at a Forward P/E ratio of 48.52. This represents a premium compared to its industry's average Forward P/E of 30.83.
Meanwhile, PANW's PEG ratio is currently 1.54. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Security industry currently had an average PEG ratio of 2.3 as of yesterday's close.
The Security industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 197, putting it in the bottom 22% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow PANW in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Palo Alto Networks (PANW) Stock Moves -0.01%: What You Should Know
Palo Alto Networks (PANW - Free Report) closed at $166.13 in the latest trading session, marking a -0.01% move from the prior day. This change was narrower than the S&P 500's 0.88% loss on the day. Meanwhile, the Dow lost 0.73%, and the Nasdaq, a tech-heavy index, lost 4.59%.
Heading into today, shares of the security software maker had gained 21.53% over the past month, outpacing the Computer and Technology sector's gain of 14.64% and the S&P 500's gain of 5.83% in that time.
Palo Alto Networks will be looking to display strength as it nears its next earnings release, which is expected to be February 21, 2023. The company is expected to report EPS of $0.78, up 34.48% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.65 billion, up 25.15% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.42 per share and revenue of $6.89 billion, which would represent changes of +35.71% and +25.15%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Palo Alto Networks. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 2.51% lower. Palo Alto Networks is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Palo Alto Networks is currently trading at a Forward P/E ratio of 48.52. This represents a premium compared to its industry's average Forward P/E of 30.83.
Meanwhile, PANW's PEG ratio is currently 1.54. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Security industry currently had an average PEG ratio of 2.3 as of yesterday's close.
The Security industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 197, putting it in the bottom 22% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow PANW in the coming trading sessions, be sure to utilize Zacks.com.