On Tuesday, Palo Alto Networks Inc (NASDAQ: PANW) opened higher 0.84% from the last session, before settling in for the closing price of $362.35. Price fluctuations for PANW have ranged from $233.81 to $384.00 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 22.69%. Company’s average yearly earnings per share was noted 10.70% at the time writing. With a float of $321.94 million, this company’s outstanding shares have now reached $325.10 million.
The extent of productivity of a business whose workforce counts for 15289 workers is very important to gauge. 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 and Institutional Ownership
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 1.12%, while institutional ownership is 78.29%. The most recent insider transaction that took place on Oct 10 ’24, was worth 30,022,832. In this transaction Chief Executive Officer of this company sold 81,586 shares at a rate of $367.99, taking the stock ownership to the 618,715 shares. Before that another transaction happened on Oct 10 ’24, when Company’s Officer proposed sale 81,586 for $369.40, making the entire transaction worth $30,137,868.
Palo Alto Networks Inc (PANW) Latest Financial update
If we go through the results of last quarter, which was made public on 7/31/2024, 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 1.55 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 10.70% 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 0.84. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 14.82. Likewise, its price to free cash flow for the trailing twelve months is 38.37.
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 7.21 in one year’s time.
Technical Analysis of Palo Alto Networks Inc (PANW)
The latest stats from [Palo Alto Networks Inc, PANW] show that its last 5-days average volume of 1.86 million was inferior to 3.96 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 27.05%. Additionally, its Average True Range was 9.27.
During the past 100 days, Palo Alto Networks Inc’s (PANW) raw stochastic average was set at 81.39%, which indicates a significant increase from 29.56% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.28% in the past 14 days, which was lower than the 32.15% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $352.34, while its 200-day Moving Average is $322.60. Now, the first resistance to watch is $369.31. This is followed by the second major resistance level at $373.23. The third major resistance level sits at $378.99. If the price goes on to break the first support level at $359.63, it is likely to go to the next support level at $353.87. The third support level lies at $349.95 if the price breaches the second support level.
Palo Alto Networks Inc (NASDAQ: PANW) Key Stats
There are currently 325,600K shares outstanding in the company with a market cap of 118.97 billion. Presently, the company’s annual sales total 8,028 M according to its annual income of 2,578 M. Last quarter, the company’s sales amounted to 2,190 M and its income totaled 357,700 K.
