A new trading day began on Monday, with Palo Alto Networks Inc (NASDAQ: PANW) stock price down -0.16% from the previous day of trading, before settling in for the closing price of $269.01. PANW’s price has ranged from $176.30 to $380.84 over the past 52 weeks.
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During the last 5-year period, the sales growth of Technology Sector giant was 24.90%. Meanwhile, its annual earnings per share averaged 24.20%. With a float of $318.94 million, this company’s outstanding shares have now reached $323.10 million.
Let’s determine the extent of company efficiency that accounts for 13948 employees.
Palo Alto Networks Inc (PANW) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Infrastructure Industry. The insider ownership of Palo Alto Networks Inc is 1.29%, while institutional ownership is 82.23%. The most recent insider transaction that took place on Apr 01 ’24, was worth 10,096,399. In this transaction EVP, Chief Technology Officer of this company sold 36,000 shares at a rate of $280.46, taking the stock ownership to the 1,331,567 shares. Before that another transaction happened on Apr 01 ’24, when Company’s Chief Accounting Officer sold 250 for $285.09, making the entire transaction worth $71,272. This insider now owns 26,294 shares in total.
Palo Alto Networks Inc (PANW) Recent Fiscal highlights
In its latest quarterly report, released on 1/30/2024, the company reported earnings of $1.46 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.4 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 24.20% per share during the next fiscal year.
Palo Alto Networks Inc (NASDAQ: PANW) Trading Performance Indicators
Here are Palo Alto Networks Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.79. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 11.53. Likewise, its price to free cash flow for the trailing twelve months is 29.70.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 6.40, a number that is poised to hit 1.25 in the next quarter and is forecasted to reach 6.11 in one year’s time.
Technical Analysis of Palo Alto Networks Inc (PANW)
Looking closely at Palo Alto Networks Inc (NASDAQ: PANW), its last 5-days average volume was 4.02 million, which is a drop from its year-to-date volume of 5.83 million. As of the previous 9 days, the stock’s Stochastic %D was 10.03%. Additionally, its Average True Range was 8.60.
During the past 100 days, Palo Alto Networks Inc’s (PANW) raw stochastic average was set at 23.47%, which indicates a significant increase from 13.82% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.77% in the past 14 days, which was lower than the 63.72% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $309.35, while its 200-day Moving Average is $271.89. However, in the short run, Palo Alto Networks Inc’s stock first resistance to watch stands at $269.91. Second resistance stands at $271.25. The third major resistance level sits at $273.37. If the price goes on to break the first support level at $266.45, it is likely to go to the next support level at $264.33. Now, if the price goes above the second support level, the third support stands at $262.99.
Palo Alto Networks Inc (NASDAQ: PANW) Key Stats
With a market capitalization of 86.78 billion, the company has a total of 323,100K Shares Outstanding. Currently, annual sales are 6,893 M while annual income is 439,700 K. The company’s previous quarter sales were 1,975 M while its latest quarter income was 1,747 M.
