A look at Palo Alto Networks Inc’s (PANW) recent performance gives investors their first glimpse of hope.

On Friday, Palo Alto Networks Inc (NASDAQ: PANW) opened higher 376.90% from the last session, before settling in for the closing price of $328.94. Price fluctuations for PANW have ranged from $162.81 to $371.72 over the past 52 weeks.

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.

Technology Sector giant saw their annual sales surged by 24.90% over the last five years. Company’s average yearly earnings per share was noted 24.17% at the time writing. With a float of $310.94 million, this company’s outstanding shares have now reached $315.30 million.

Palo Alto Networks Inc (PANW) Insider Activity

A key investor’s attitude towards the stock of the Software – Infrastructure industry is another important factor to consider. The insider ownership of Palo Alto Networks Inc is 1.38%, while institutional ownership is 86.29%. The most recent insider transaction that took place on Feb 08, was worth 25,408,559. In this transaction Director of this company sold 69,240 shares at a rate of $366.96, taking the stock ownership to the 0 shares. Before that another transaction happened on Feb 07, when Company’s Director sold 1,700 for $366.02, making the entire transaction worth $622,228. This insider now owns 5,844 shares in total.

Palo Alto Networks Inc (PANW) Earnings and Forecasts

If we go through the results of last quarter, which was made public on 10/30/2023, the company posted $1.38 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $1.16) by $0.22. 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 24.17% per share during the next fiscal year.

Palo Alto Networks Inc (NASDAQ: PANW) Trading Performance Indicators

Check out the current performance indicators for Palo Alto Networks Inc (PANW). In the past quarter, the stock posted a quick ratio of 0.82. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 16.49. Likewise, its price to free cash flow for the trailing twelve months is 40.65.

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 6.48 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 3.69 million was better than the volume posted last year of 3.19 million. As of the previous 9 days, the stock’s Stochastic %D was 91.63%. Additionally, its Average True Range was 9.65.

During the past 100 days, Palo Alto Networks Inc’s (PANW) raw stochastic average was set at 97.48%, which indicates a significant increase from 91.82% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.27% in the past 14 days, which was lower than the 33.53% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $316.46, while its 200-day Moving Average is $254.00. Now, the first resistance to watch is $382.16. This is followed by the second major resistance level at $387.42. The third major resistance level sits at $394.00. If the price goes on to break the first support level at $370.32, it is likely to go to the next support level at $363.74. Should the price break the second support level, the third support level stands at $358.48.

Palo Alto Networks Inc (NASDAQ: PANW) Key Stats

There are currently 315,300K shares outstanding in the company with a market cap of 118.84 billion. Presently, the company’s annual sales total 6,893 M according to its annual income of 439,700 K. Last quarter, the company’s sales amounted to 1,878 M and its income totaled 194,200 K.