Palo Alto Networks Inc (NASDAQ: PANW) on Monday, plunged -2.48% from the previous trading day, before settling in for the closing price of $279.07. Within the past 52 weeks, PANW’s price has moved between $176.30 and $380.84.
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Annual sales at Technology sector company grew by 24.90% over the past five years. The company achieved an average annual earnings per share of 24.20%. With a float of $318.94 million, this company’s outstanding shares have now reached $323.10 million.
Let’s look at the performance matrix of the company that is accounted for 13948 employees.
Palo Alto Networks Inc (PANW) Insider Updates
Observing investor behavior towards Software – Infrastructure industry stocks is more important than anything else. The insider ownership of Palo Alto Networks Inc is 1.29%, while institutional ownership is 82.17%. The most recent insider transaction that took place on Apr 05 ’24, was worth 16,082,453. In this transaction EVP, Chief Product Officer of this company sold 60,000 shares at a rate of $268.04, taking the stock ownership to the 174,075 shares. Before that another transaction happened on Apr 01 ’24, when Company’s EVP, Chief Technology Officer sold 36,000 for $280.46, making the entire transaction worth $10,096,399. This insider now owns 1,331,567 shares in total.
Palo Alto Networks Inc (PANW) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 72.11 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
Palo Alto Networks Inc (PANW) is currently performing well based on its current performance indicators. A quick ratio of 0.79 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 11.68. Likewise, its price to free cash flow for the trailing twelve months is 30.10.
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)
Palo Alto Networks Inc (NASDAQ: PANW) saw its 5-day average volume 3.71 million, a negative change from its year-to-date volume of 5.68 million. As of the previous 9 days, the stock’s Stochastic %D was 64.94%. Additionally, its Average True Range was 8.40.
During the past 100 days, Palo Alto Networks Inc’s (PANW) raw stochastic average was set at 17.21%, which indicates a significant decrease from 27.61% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.22% in the past 14 days, which was lower than the 63.33% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $303.01, while its 200-day Moving Average is $272.65. Nevertheless, the first resistance level for the watch stands at $277.21 in the near term. At $282.26, the stock is likely to face the second major resistance level. The third major resistance level sits at $285.35. If the price goes on to break the first support level at $269.07, it is likely to go to the next support level at $265.98. Assuming the price breaks the second support level, the third support level stands at $260.93.
Palo Alto Networks Inc (NASDAQ: PANW) Key Stats
Market capitalization of the company is 87.93 billion based on 323,100K outstanding shares. Right now, sales total 6,893 M and income totals 439,700 K. The company made 1,975 M in profit during its latest quarter, and 1,747 M in sales during its previous quarter.
