Palo Alto Networks Inc (NASDAQ: PANW) on Tuesday, plunged -2.36% from the previous trading day, before settling in for the closing price of $346.11. Within the past 52 weeks, PANW’s price has moved between $224.64 and $380.84.
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During the last 5-year period, the sales growth of Technology Sector giant was 22.69%. The company achieved an average annual earnings per share of 10.56%. With a float of $321.85 million, this company’s outstanding shares have now reached $325.10 million.
Let’s determine the extent of company efficiency that accounts for 15289 employees. In terms of profitability, gross margin is 74.35%, operating margin of 10.77%, and the pretax margin is 12.31%.
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 1.15%, while institutional ownership is 77.90%. The most recent insider transaction that took place on Sep 04 ’24, was worth 20,698,788. In this transaction EVP, Chief Product Officer of this company sold 60,000 shares at a rate of $344.98, taking the stock ownership to the 159,009 shares. Before that another transaction happened on Sep 04 ’24, when Company’s Chief Executive Officer sold 66,666 for $342.98, making the entire transaction worth $22,865,309. This insider now owns 639,994 shares in total.
Palo Alto Networks Inc (PANW) Earnings and Forecasts
As on 7/31/2024, 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. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.55 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 10.56% 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 0.84 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 13.71. Likewise, its price to free cash flow for the trailing twelve months is 35.48.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.24, a number that is poised to hit 1.48 in the next quarter and is forecasted to reach 7.18 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 2.19 million, which is a drop from its year-to-date volume of 4.25 million. As of the previous 9 days, the stock’s Stochastic %D was 45.65%. Additionally, its Average True Range was 10.47.
During the past 100 days, Palo Alto Networks Inc’s (PANW) raw stochastic average was set at 60.06%, which indicates a significant increase from 15.68% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.50% in the past 14 days, which was lower than the 32.84% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $335.88, while its 200-day Moving Average is $314.34. However, in the short run, Palo Alto Networks Inc’s stock first resistance to watch stands at $345.16. Second resistance stands at $352.38. The third major resistance level sits at $356.83. If the price goes on to break the first support level at $333.49, it is likely to go to the next support level at $329.04. Should the price break the second support level, the third support level stands at $321.82.
Palo Alto Networks Inc (NASDAQ: PANW) Key Stats
Market capitalization of the company is 110.03 billion based on 323,800K outstanding shares. Right now, sales total 8,028 M and income totals 2,578 M. The company made 2,190 M in profit during its latest quarter, and 357,700 K in sales during its previous quarter.
