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Palo Alto Networks (PANW) Beats Stock Market Upswing: What Investors Need to Know
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Palo Alto Networks (PANW - Free Report) closed at $163.25 in the latest trading session, marking a +1.6% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.11%. Meanwhile, the Dow experienced a drop of 0.13%, and the technology-dominated Nasdaq saw an increase of 0.18%.
Coming into today, shares of the security software maker had gained 1.33% in the past month. In that same time, the Computer and Technology sector lost 3.85%, while the S&P 500 lost 4.28%.
Investors will be eagerly watching for the performance of Palo Alto Networks in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.81, signifying a 1.25% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $2.94 billion, up 28.58% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.72 per share and a revenue of $11.2 billion, representing changes of +11.38% and +21.51%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Palo Alto Networks. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Currently, Palo Alto Networks is carrying a Zacks Rank of #3 (Hold).
With respect to valuation, Palo Alto Networks is currently being traded at a Forward P/E ratio of 43.19. This indicates a premium in contrast to its industry's Forward P/E of 34.27.
Meanwhile, PANW's PEG ratio is currently 3.33. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. PANW's industry had an average PEG ratio of 2.47 as of yesterday's close.
The Security industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 95, putting it in the top 39% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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) Beats Stock Market Upswing: What Investors Need to Know
Palo Alto Networks (PANW - Free Report) closed at $163.25 in the latest trading session, marking a +1.6% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.11%. Meanwhile, the Dow experienced a drop of 0.13%, and the technology-dominated Nasdaq saw an increase of 0.18%.
Coming into today, shares of the security software maker had gained 1.33% in the past month. In that same time, the Computer and Technology sector lost 3.85%, while the S&P 500 lost 4.28%.
Investors will be eagerly watching for the performance of Palo Alto Networks in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.81, signifying a 1.25% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $2.94 billion, up 28.58% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.72 per share and a revenue of $11.2 billion, representing changes of +11.38% and +21.51%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Palo Alto Networks. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Currently, Palo Alto Networks is carrying a Zacks Rank of #3 (Hold).
With respect to valuation, Palo Alto Networks is currently being traded at a Forward P/E ratio of 43.19. This indicates a premium in contrast to its industry's Forward P/E of 34.27.
Meanwhile, PANW's PEG ratio is currently 3.33. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. PANW's industry had an average PEG ratio of 2.47 as of yesterday's close.
The Security industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 95, putting it in the top 39% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.