Palo Alto Networks Inc. (NASDAQ:PANW) traded at $148.19 at last check on Tuesday, 01/24/23, made a downward move of -1.95% on its previous day’s price.
Looking at the stock we see that its previous close was $151.14 and the beta (5Y monthly) reads 1.15 with the day’s price range being $149.394 – $152.16. In terms of its 52-week price range, PANW has a high of $213.63 and a low of $132.22. The company’s stock has gained about 2.52% over that past 30 days.
Palo Alto Networks Inc. has a market cap of $44.01 billion and is expected to release its quarterly earnings report on Feb 20, 2023 – Feb 24, 2023. Estimates by analysts give the company expected earnings per share (EPS) of $0.69, with the EPS growth for the year raised at $3.17 for 2023 and $3.79 for next year. These figures represent 25.80% and 19.60% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $1.55 billion, with a low of $1.53 billion and a high of $1.61 billion. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2023 is expected to hit $6.87 billion, or 24.90% up from figures reported last year.
There have been no 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 50% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Based on estimates by 44 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 5 have rated the Palo Alto Networks Inc. (PANW) stock as a Hold, while 35 rate it as a Buy. 4 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 5.97% off its SMA20 and -3.54% from its 50-day simple moving average. The RSI (14) is pointing at 54.86 while the volatility over the past week is 2.45% and jumps to 2.81% over the past one month. The beta value is 1.15, while the average true range (ATR) is currently pointing at 4.48. The average price target for the stock over the next 12 months is $205.79, with the estimates having a low of $155.00 and a high of $250.00. These price ends are -4.6% and -68.7% off the today’s price level respectively, although investors could be excited at the prospect of a -43.4% if the PANW share price touches on the median price of $212.50.
Let’s briefly compare Palo Alto Networks Inc. (PANW) stock to its peers. We find that today’s price change of -1.95% and -6.25% over the past 12 months for PANW competes that of Check Point Software Technologies Ltd. (CHKP), which has seen its stock price fall -0.76% in the latest trading session and is 2.42% over the last one year. Another of its peers HP Inc. (HPQ) has dropped -0.99% today, and was -18.53% down over the past year, while Intel Corporation (INTC) is also down -2.09% yet, while its price remains in the red at -42.51% over the same period. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -1.43% and -1.17%, respectively, in early deals.
Coming back to Palo Alto Networks Inc. (NASDAQ:PANW), we note that the average 3-month trading volume was 4.38 million, while that of the preceding 10-day period stands at 4.53 million. Current shares outstanding are 299.80 million.
The insiders hold 1.40% of the company’s shares while institutions hold 87.30%. The data shows that short shares as of Oct 13, 2022, stood at 20.51 million at a short ratio of 5.48. This represents a 6.85% short interest in shares outstanding on Oct 13, 2022. Shares short rose in October from the previous month at 18.43 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 8.31% up in year-to-date price movement.