Palo Alto Networks Inc (NASDAQ: PANW) on November 20, 2023, started off the session at the price of $250.00, soaring 5.24% from the previous trading day. During the day, the shares moved up to $261.45 and dropped to $249.56 before settling in for the closing price of $247.59. Within the past 52 weeks, PANW’s price has moved between $132.22 and $265.90.
Technology Sector giant saw their annual sales surged by 24.90% over the last five years. The company achieved an average annual earnings per share of 23.87%. With a float of $306.18 million, this company’s outstanding shares have now reached $308.30 million.
The firm has a total of 13948 workers. Let’s measure their productivity. In terms of profitability, gross margin is +72.29, operating margin of +5.62, and the pretax margin is +8.22.
Palo Alto Networks Inc (PANW) Insider Activity
Observing investor behavior towards Software – Infrastructure industry stocks is more important than anything else. The insider ownership of Palo Alto Networks Inc is 1.49%, while institutional ownership is 87.77%. The most recent insider transaction that took place on Nov 03, was worth 10,956,386. In this transaction EVP, Chief Product Officer of this company sold 45,000 shares at a rate of $243.48, taking the stock ownership to the 185,217 shares. Before that another transaction happened on Nov 01, when Company’s EVP, Chief Technology Officer sold 36,000 for $243.05, making the entire transaction worth $8,749,741. This insider now owns 1,511,567 shares in total.
Palo Alto Networks Inc (PANW) Earnings and Forecasts
As on 10/30/2023, Multinational firm has announced its last quarter scores, in which it reported $1.38 earnings per share (EPS) for the period topping the consensus outlook (set at $1.16) by $0.22. This company achieved a net margin of +6.38 while generating a return on equity of 44.90. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.29 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 23.87% per share during the next fiscal year.
Palo Alto Networks Inc (NASDAQ: PANW) Trading Performance Indicators
Palo Alto Networks Inc (PANW) is currently performing well based on its current performance indicators. A quick ratio of 0.82 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 11.24. Likewise, its price to free cash flow for the trailing twelve months is 27.71.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.76, a number that is poised to hit 1.30 in the next quarter and is forecasted to reach 6.42 in one year’s time.
Technical Analysis of Palo Alto Networks Inc (PANW)
Analysing the last 5-days average volume posted by the [Palo Alto Networks Inc, PANW], we can find that recorded value of 8.8 million was better than the volume posted last year of 4.64 million. As of the previous 9 days, the stock’s Stochastic %D was 52.57%. Additionally, its Average True Range was 9.08.
During the past 100 days, Palo Alto Networks Inc’s (PANW) raw stochastic average was set at 91.77%, which indicates a significant increase from 86.49% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 44.85% in the past 14 days, which was higher than the 42.33% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $244.74, while its 200-day Moving Average is $219.45. Now, the first resistance to watch is $264.83. This is followed by the second major resistance level at $269.08. The third major resistance level sits at $276.72. If the price goes on to break the first support level at $252.94, it is likely to go to the next support level at $245.30. Should the price break the second support level, the third support level stands at $241.05.
Palo Alto Networks Inc (NASDAQ: PANW) Key Stats
Market capitalization of the company is 80.99 billion based on 310,816K outstanding shares. Right now, sales total 6,893 M and income totals 439,700 K. The company made 1,953 M in profit during its latest quarter, and 227,700 K in sales during its previous quarter.