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Palo Alto Networks (PANW) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, Palo Alto Networks (PANW - Free Report) closed at $234.07, marking a +0.9% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.54%. Meanwhile, the Dow gained 0.71%, and the Nasdaq, a tech-heavy index, added 0.76%.
Prior to today's trading, shares of the security software maker had gained 9.11% over the past month. This has outpaced the Computer and Technology sector's gain of 0.87% and the S&P 500's gain of 1.53% in that time.
PANW will be looking to display strength as it nears its next earnings release, which is expected to be November 19, 2018. In that report, analysts expect PANW to post earnings of $1.05 per share. This would mark year-over-year growth of 41.89%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $631.97 million, up 25.02% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.02 per share and revenue of $2.77 billion, which would represent changes of +25.81% and +22%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for PANW. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 27.2% higher. PANW is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that PANW has a Forward P/E ratio of 46.19 right now. This represents a discount compared to its industry's average Forward P/E of 61.71.
We can also see that PANW currently has a PEG ratio of 1.97. 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 3.24 as of yesterday's close.
The Security industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 34, putting it in the top 13% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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.
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Palo Alto Networks (PANW) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Palo Alto Networks (PANW - Free Report) closed at $234.07, marking a +0.9% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.54%. Meanwhile, the Dow gained 0.71%, and the Nasdaq, a tech-heavy index, added 0.76%.
Prior to today's trading, shares of the security software maker had gained 9.11% over the past month. This has outpaced the Computer and Technology sector's gain of 0.87% and the S&P 500's gain of 1.53% in that time.
PANW will be looking to display strength as it nears its next earnings release, which is expected to be November 19, 2018. In that report, analysts expect PANW to post earnings of $1.05 per share. This would mark year-over-year growth of 41.89%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $631.97 million, up 25.02% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.02 per share and revenue of $2.77 billion, which would represent changes of +25.81% and +22%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for PANW. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 27.2% higher. PANW is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that PANW has a Forward P/E ratio of 46.19 right now. This represents a discount compared to its industry's average Forward P/E of 61.71.
We can also see that PANW currently has a PEG ratio of 1.97. 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 3.24 as of yesterday's close.
The Security industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 34, putting it in the top 13% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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.