We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Read MoreHide Full Article
In the latest trading session, Palo Alto Networks (PANW - Free Report) closed at $348.66, marking a -2.79% move from the previous day. This change lagged the S&P 500's 0.19% loss on the day. Meanwhile, the Dow experienced a drop of 0.59%, and the technology-dominated Nasdaq saw a decrease of 0.05%.
Heading into today, shares of the security software maker had gained 24.64% over the past month, outpacing the Computer and Technology sector's loss of 4.32% and the S&P 500's gain of 0.55%.
Market participants will be closely following the financial results of Palo Alto Networks in its upcoming release. The company is expected to report EPS of $0.97, up 2.11% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $3.35 billion, showing a 32.1% escalation compared to the year-ago quarter.
PANW's full-year Zacks Consensus Estimates are calling for earnings of $3.77 per share and revenue of $11.41 billion. These results would represent year-over-year changes of +12.87% and +23.71%, respectively.
Investors might also notice recent changes to analyst estimates for Palo Alto Networks. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Palo Alto Networks presently features a Zacks Rank of #3 (Hold).
Looking at valuation, Palo Alto Networks is presently trading at a Forward P/E ratio of 95.14. Its industry sports an average Forward P/E of 51.25, so one might conclude that Palo Alto Networks is trading at a premium comparatively.
One should further note that PANW currently holds a PEG ratio of 7.17. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Security industry currently had an average PEG ratio of 3.27 as of yesterday's close.
The Security industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 47, placing it within the top 20% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
Palo Alto Networks (PANW) Sees a More Significant Dip Than Broader Market: Some Facts to Know
In the latest trading session, Palo Alto Networks (PANW - Free Report) closed at $348.66, marking a -2.79% move from the previous day. This change lagged the S&P 500's 0.19% loss on the day. Meanwhile, the Dow experienced a drop of 0.59%, and the technology-dominated Nasdaq saw a decrease of 0.05%.
Heading into today, shares of the security software maker had gained 24.64% over the past month, outpacing the Computer and Technology sector's loss of 4.32% and the S&P 500's gain of 0.55%.
Market participants will be closely following the financial results of Palo Alto Networks in its upcoming release. The company is expected to report EPS of $0.97, up 2.11% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $3.35 billion, showing a 32.1% escalation compared to the year-ago quarter.
PANW's full-year Zacks Consensus Estimates are calling for earnings of $3.77 per share and revenue of $11.41 billion. These results would represent year-over-year changes of +12.87% and +23.71%, respectively.
Investors might also notice recent changes to analyst estimates for Palo Alto Networks. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Palo Alto Networks presently features a Zacks Rank of #3 (Hold).
Looking at valuation, Palo Alto Networks is presently trading at a Forward P/E ratio of 95.14. Its industry sports an average Forward P/E of 51.25, so one might conclude that Palo Alto Networks is trading at a premium comparatively.
One should further note that PANW currently holds a PEG ratio of 7.17. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Security industry currently had an average PEG ratio of 3.27 as of yesterday's close.
The Security industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 47, placing it within the top 20% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.