There is also a key difference between the ABR and Zacks Rank when it comes to freshness. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices. Looking at the research model, analysts are roughly in-line with management’s guidance for FY24 with operating margins ~25% and revenue growth of ~18%. Margins are expected to improve substantially over historical levels as the company’s focus on NGS revenues leads to higher product margins and improved profitability.

This platform allows businesses to detect and respond to cyber threats stopping a hacker before they reach critical infrastructure. The company’s mission is to protect its customers from cyber threats by providing innovative security solutions that are easy to use and deploy. Palo Alto Networks offers various products and services to protect networks, endpoints and cloud-based applications from advanced cyber attacks. Palo Alto Networks Inc is a leading cybersecurity company that provides advanced security solutions to businesses, governments and organizations worldwide.

If the personal savings rate were to return to pre-pandemic levels there would be a significant drop in demand which would likely be enough to tip the US economy into a slowdown. Shares of Palo Alto Networks split before market open on Wednesday, September 14th 2022. The newly created shares were distributed to shareholders https://1investing.in/ after the market closes on Tuesday, September 13th 2022. An investor that had 100 shares of stock prior to the split would have 300 shares after the split. Investors who believe in market efficiency should consider market cap indexes, as they replicate market returns in a low-cost, convenient, and transparent way.

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‘Mad Money’ host Jim Cramer talk the day’s market action, how to play the current market and more. Palo Alto Networks Chairman and CEO Nikesh Arora goes one-on-one with ‘Mad Money’ host Jim Cramer to talk quarterly results, cybersecurity, competition in the space and more. The problem was valuation, fears of slowing growth and threats of a looming recession. According to the Q2 reporting season, growth is slowing but still robust and above consensus. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank.

It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. PANW’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. Morningstar analysts hand-select direct competitors or comparable companies to
provide context ey manager salary on the strength and durability of PANW’s
competitive advantage. Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next days. To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.

About Palo Alto Networks (NASDAQ:PANW) Stock

According to TipRanks, Eyal is a top 25 analyst with an average return of 25.8% and a 69.96% success rate. Eyal covers the Technology sector, focusing on stocks such as Palo Alto Networks, Check Point, and Verint Systems. Zscaler reports a strong quarter, but Palo Alto Networks is still the top cybersecurity pick for CNBC’s Jim Cramer. Palo Alto Networks is heavily focusing on AI to power its cybersecurity software products. Palo Alto Networks provides network security to businesses and government entities, safely enabling the applications running on their networks. The technique has proven to be very useful for finding positive surprises.

Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. But one industry that doesn’t need to fake its connection to AI is cybersecurity.

• Comprehensive product lineup across networking and security domains. One share of PANW stock can currently be purchased for approximately $246.29. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

The company provided EPS guidance of $5.27-$5.40 for the period, compared to the consensus EPS estimate of $4.98. The company issued revenue guidance of $8.15 billion-$8.20 billion, compared to the consensus revenue estimate of $8.38 billion. Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Technology ETFs. Products that are based on market cap weighted indexes, which are strategies designed to reflect a specific market segment or the market as a whole, have traditionally dominated the ETF industry. Palo Alto Networks has a lot of competition, including Microsoft and CrowdStrike. The valuation could also turn investors off as Palo Alto Networks trades at 12 times sales.

This AI Stock Isn’t Getting the Attention It Deserves

According to 38 analysts, the average rating for PANW stock is “Strong Buy.” The 12-month stock price forecast is $263.62, which is an increase of 6.80% from the latest price. Palo Alto Networks’ financial profile offers consistent revenue growth and profitability. This is coupled with ample cash and cash equivalents available for use. Palo Alto Networks has consistently generated positive cash flow from operations and has no long-term debt, providing a  financial foundation for future growth.

Of the 36 recommendations that derive the current ABR, 31 are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 86.1% and 5.6% of all recommendations. Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let’s see what these Wall Street heavyweights think about Palo Alto Networks (PANW). Independent Solutions Wealth Management Portfolio Manager Paul Meeks joins Yahoo Finance anchor Julie Hyman to discuss Palo Alto Networks’ earnings results, which he calls “the one” long-term cybersec… Palo Alto Networks delivered strong quarterly profits to end its fiscal year. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries.

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First Trust NASDAQ-100-Technology Sector ETF is an excellent option for investors seeking to outperform the Technology ETFs segment of the market. There are other ETFs in the space which investors could consider as well. The ETF has a beta of 1.17 and standard deviation of 31.08% for the trailing three-year period, making it a high risk choice in the space. With about 39 holdings, it has more concentrated exposure than peers. Annual operating expenses for this ETF are 0.57%, making it on par with most peer products in the space. The NASDAQ-100 Technology Sector Index is an equal-weighted index based on the securities of the NASDAQ-100 Index that are classified as technology.

PANW shares fell on Tuesday in sympathy with Oracle  ORCL, which dropped after issuing soft guidance. Palo Alto Networks’ innovation has driven revenue growth from $3.4 billion in fiscal 2020 to $6.9 billion in fiscal 2023. The best part is that the vast majority of this revenue is now recurring, as shown below.

To see all exchange delays and terms of use please see Barchart’s disclaimer. The company is scheduled to release its next quarterly earnings announcement on Thursday, November 16th 2023. In addition to its organic growth initiatives, Palo Alto Networks is also focused on expanding its global footprint.

• The technique has proven to be very useful for finding positive surprises.
• The company provided EPS guidance of $5.27-$5.40 for the period, compared to the consensus EPS estimate of $4.98.
• Palo Alto Networks issued an update on its FY 2024 earnings guidance on Friday, August, 18th.

More value-oriented stocks tend to represent financial services, utilities, and energy stocks. In conclusion, PANW is an industry-leading cybersecurity business with a comprehensive end-to-end product offering and complementary product lineup creating a durable platform with high profitability and recurring revenue base. The market has yet to get the Company full credit for its shift away from the traditional hardware business and overtime I believe the stock will trade in line with blue-chip large-cap tech stocks. 42 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for Palo Alto Networks in the last twelve months. There are currently 3 hold ratings and 39 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should “moderate buy” PANW shares.

Jim Cramer calls Palo Alto Networks’ CEO the Tom Brady of executives

Palo Alto Networks, Inc. provides cybersecurity solutions worldwide. The company offers firewall appliances and software; and Panorama, a security management solution for the global control of network security platform as a virtual or a physical appliance. Palo Alto Networks, Inc. was incorporated in 2005 and is headquartered in Santa Clara, California.

The company has offices and infrastructure in more than 150 countries and has offices and operations in key markets worldwide. Palo Alto Networks’ global presence allows it to serve diverse customers and tap into new markets for growth. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Compare
PANW’s historical performance
against its industry peers and the overall market.

Palo Alto Networks’ growth strategy focuses on expanding its product offerings and increasing its market share in the cybersecurity market. The company has made a number of strategic acquisitions in recent years, including Demisto, a security orchestration and automation company and Twistlock, a container security company. These acquisitions have allowed Palo Alto Networks to broaden its product portfolio and enter new markets. In addition to its NGFW product line, Palo Alto Networks offers a range of cloud-based security solutions. Its Prisma Cloud platform provides comprehensive security for cloud-based applications and data. Palo Alto Network has also developed the Cortex XDR platform, which provides endpoint detection and response (EDR) capabilities.