Palo Alto Networks, Inc. (NYSE:PANW) traded at $292.01 at last check on Friday, Nov 20, making an upward move of 1.56% on its previous day’s price.
Looking at the stock we see that its previous close was $287.52 and the beta (5Y monthly) reads 1.34 with the day’s price range being $287.12 – 294.92. The company has a 12-month trailing PE ratio of 0. In terms of its 52-week price range, PANW has a high of $295.17 and a low of $125.47. The company’s stock has gained about 22.9% over that past 30 days.
Palo has a market cap of $27.01 Billion and is expected to release its quarterly earnings report on November 16, 2020. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the PANW stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $1.43, with the EPS growth for the year raised at $5.77 for 2020 and $6.9 for next year. These figures represent 0.18% and at 0.2% growth in EPS for the two years respectively.
There have been 28 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the PANW stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Let’s briefly compare Palo (PANW) stock to its peers. We find that today’s price change of +1.56% and +18.35% over the past 12 months for PANW betters that of Fortinet Inc (FTNT), which has seen its stock price rise 0.93% in the latest trading session and is +14.66% over the last one year. Another of its peers Check Point Software (CHKP) has dropped -0.23% today, and is +2.26% up over the past year, while Proofpoint Inc (PFPT) is also up 1.56% yet its price remains in the green at 18.35% over the same period. Fortinet has a P/E ratio of 44.32 compared to Palo’s 0 and Check’s 20.26. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -0.68% and -0.75%, respectively, in early deals.
Coming back to Palo Alto Networks, Inc. (NYSE:PANW), we note that the average 3-month trading volume was 1.25 Million, while that of the preceding 10-day period stands at 1.79 Million. Current shares outstanding are 94.97 Million.
According to data from Thomson Reuters, insiders hold 2.4% of the company’s shares while institutions hold 85.3%. The data shows that short shares as of October 29, 2020, stood at 3.88 Million at a short ratio of 5.03. This represents a 4.09% Short interest in Shares outstanding on October 29, 2020. Shares short dropped in October from the previous month at 4.34 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +26.27% up in year-to-date price movement.