We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Palo Alto Networks (PANW) Beats Stock Market Upswing: What Investors Need to Know
Read MoreHide Full Article
The most recent trading session ended with Palo Alto Networks (PANW - Free Report) standing at $170.58, reflecting a +1.64% shift from the previouse trading day's closing. The stock's performance was ahead of the S&P 500's daily gain of 0.12%. On the other hand, the Dow registered a gain of 0.52%, and the technology-centric Nasdaq decreased by 0.23%.
Coming into today, shares of the security software maker had lost 17.13% in the past month. In that same time, the Computer and Technology sector lost 3.73%, while the S&P 500 lost 3.45%.
The upcoming earnings release of Palo Alto Networks will be of great interest to investors. The company is expected to report EPS of $0.75, up 2.74% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $2.24 billion, indicating a 13.25% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $3.07 per share and a revenue of $9.15 billion, demonstrating changes of +8.1% and +13.96%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Palo Alto Networks. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.04% fall in the Zacks Consensus EPS estimate. Right now, Palo Alto Networks possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Palo Alto Networks is currently trading at a Forward P/E ratio of 54.7. This expresses a premium compared to the average Forward P/E of 27.61 of its industry.
Investors should also note that PANW has a PEG ratio of 2.72 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Internet - Software industry held an average PEG ratio of 2.05.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 34, placing it within the top 14% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Palo Alto Networks (PANW) Beats Stock Market Upswing: What Investors Need to Know
The most recent trading session ended with Palo Alto Networks (PANW - Free Report) standing at $170.58, reflecting a +1.64% shift from the previouse trading day's closing. The stock's performance was ahead of the S&P 500's daily gain of 0.12%. On the other hand, the Dow registered a gain of 0.52%, and the technology-centric Nasdaq decreased by 0.23%.
Coming into today, shares of the security software maker had lost 17.13% in the past month. In that same time, the Computer and Technology sector lost 3.73%, while the S&P 500 lost 3.45%.
The upcoming earnings release of Palo Alto Networks will be of great interest to investors. The company is expected to report EPS of $0.75, up 2.74% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $2.24 billion, indicating a 13.25% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $3.07 per share and a revenue of $9.15 billion, demonstrating changes of +8.1% and +13.96%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Palo Alto Networks. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.04% fall in the Zacks Consensus EPS estimate. Right now, Palo Alto Networks possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Palo Alto Networks is currently trading at a Forward P/E ratio of 54.7. This expresses a premium compared to the average Forward P/E of 27.61 of its industry.
Investors should also note that PANW has a PEG ratio of 2.72 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Internet - Software industry held an average PEG ratio of 2.05.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 34, placing it within the top 14% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.