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Palo Alto Networks (PANW) Rises Higher Than Market: Key Facts
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Palo Alto Networks (PANW - Free Report) closed the most recent trading day at $403.24, moving +1.76% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.73%. At the same time, the Dow added 0.49%, and the tech-heavy Nasdaq gained 1.19%.
The security software maker's stock has climbed by 19.37% in the past month, exceeding the Computer and Technology sector's gain of 6.36% and the S&P 500's gain of 0.55%.
The investment community will be closely monitoring the performance of Palo Alto Networks in its forthcoming earnings report. The company is expected to report EPS of $0.97, up 4.3% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $3.31 billion, indicating a 33.62% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $4.18 per share and a revenue of $14.17 billion, demonstrating changes of +8.85% and +23.43%, respectively, from the preceding year.
Any recent changes to analyst estimates for Palo Alto Networks should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 2.48% increase. Palo Alto Networks is currently a Zacks Rank #3 (Hold).
Looking at valuation, Palo Alto Networks is presently trading at a Forward P/E ratio of 94.83. For comparison, its industry has an average Forward P/E of 54.15, which means Palo Alto Networks is trading at a premium to the group.
Meanwhile, PANW's PEG ratio is currently 6.3. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Security was holding an average PEG ratio of 3.03 at yesterday's closing price.
The Security industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 68, putting it in the top 28% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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Palo Alto Networks (PANW) Rises Higher Than Market: Key Facts
Palo Alto Networks (PANW - Free Report) closed the most recent trading day at $403.24, moving +1.76% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.73%. At the same time, the Dow added 0.49%, and the tech-heavy Nasdaq gained 1.19%.
The security software maker's stock has climbed by 19.37% in the past month, exceeding the Computer and Technology sector's gain of 6.36% and the S&P 500's gain of 0.55%.
The investment community will be closely monitoring the performance of Palo Alto Networks in its forthcoming earnings report. The company is expected to report EPS of $0.97, up 4.3% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $3.31 billion, indicating a 33.62% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $4.18 per share and a revenue of $14.17 billion, demonstrating changes of +8.85% and +23.43%, respectively, from the preceding year.
Any recent changes to analyst estimates for Palo Alto Networks should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 2.48% increase. Palo Alto Networks is currently a Zacks Rank #3 (Hold).
Looking at valuation, Palo Alto Networks is presently trading at a Forward P/E ratio of 94.83. For comparison, its industry has an average Forward P/E of 54.15, which means Palo Alto Networks is trading at a premium to the group.
Meanwhile, PANW's PEG ratio is currently 6.3. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Security was holding an average PEG ratio of 3.03 at yesterday's closing price.
The Security industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 68, putting it in the top 28% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.