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NASDAQ:PANW

Palo Alto Networks (PANW) Stock Forecast, Price & News

$188.66

-1.06 (-0.56%)

(As of 05/19/2023 08:48 PM ET)

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Today's Range: $188.32
▼
$192.38
50-Day Range: $176.89
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$201.16
52-Week Range: $132.22
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$203.44

Volume: 4.23 million shs
Average Volume: 4.07 million shs
Market Capitalization: $57.09 billion

P/E Ratio: 2,572.75
Dividend Yield: N/A
Price Target: $224.26

Palo Alto Networks MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.89 Rating Score
Upside/Downside: 18.9% Upside
$224.26 Price Target
Short Interest: Bearish
6.23% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.58
Upright™ Environmental Score
News Sentiment: 0.19
Based on 12 Articles This Week
Insider Trading: Selling Shares
$51.23 M Sold Last Quarter
Proj. Earnings Growth: 28.33%
From $1.20 to $1.54 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.37 out of 5 stars

Computer And Technology Sector

221st out of 608 stocks

Computer Peripheral Equipment, Not Elsewhere Classified Industry

3rd out of 13 stocks

3.4

Analyst's Opinion

Consensus Rating
Palo Alto Networks has received a consensus rating of Buy. The company's average rating score is 2.89, and is based on 34 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $224.26, Palo Alto Networks has a forecasted upside of 18.9% from its current price of $188.66.
Amount of Analyst Coverage
Palo Alto Networks has been the subject of 26 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
6.23% of the outstanding shares of Palo Alto Networks have been sold short.
Short Interest Ratio / Days to Cover
Palo Alto Networks has a short interest ratio ("days to cover") of 4.8.
Change versus previous month
Short interest in Palo Alto Networks has recently increased by 4.26%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Palo Alto Networks does not currently pay a dividend.
Dividend Growth
Palo Alto Networks does not have a long track record of dividend growth.

3.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Palo Alto Networks has received a 48.72% net impact score from Upright. The largest positive contribution comes from its "Knowledge infrastructure" impact, which is mostly driven by its "Cybersecurity management systems", "Firewall software", "Network security software", "Cybersecurity assesment software", "Cloud security software", and "VPN software" products. See details.
Environmental Sustainability
The Environmental Impact score for Palo Alto Networks is -0.58.

2.3

News and Social Media Coverage

News Sentiment
Palo Alto Networks has a news sentiment score of 0.19. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.41 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 12 news articles for Palo Alto Networks this week, compared to 6 articles on an average week.
Search Interest
135 people have searched for PANW on MarketBeat in the last 30 days. This is an increase of 6% compared to the previous 30 days.
MarketBeat Follows
Only 33 people have added Palo Alto Networks to their MarketBeat watchlist in the last 30 days. This is a decrease of -18% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Palo Alto Networks insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $51,233,846.00 in company stock.
Percentage Held by Insiders
Only 3.90% of the stock of Palo Alto Networks is held by insiders.
Percentage Held by Institutions
81.82% of the stock of Palo Alto Networks is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Palo Alto Networks are expected to grow by 28.33% in the coming year, from $1.20 to $1.54 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Palo Alto Networks is 2,572.75, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 127.64.
Price to Earnings Ratio vs. Sector
The P/E ratio of Palo Alto Networks is 2,572.75, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 341.89.
Price to Earnings Growth Ratio
Palo Alto Networks has a PEG Ratio of 5.02. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Palo Alto Networks has a P/B Ratio of 269.51. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Palo Alto Networks (NASDAQ:PANW) Stock

Palo Alto Networks Inc is a leading cybersecurity company that provides advanced security solutions to businesses, governments and organizations worldwide. Founded in 2005, Palo Alto Networks has become a market leader in next-generation firewall technology and cloud-based security solutions.

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' flagship product is its Next-Generation Firewall (NGFW) which provides advanced security features such as intrusion prevention, application control and threat prevention. The NGFW is designed to provide real-time visibility and control over network traffic, enabling businesses to detect and prevent cyber attacks before they cause harm.

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. This platform allows businesses to detect and respond to cyber threats stopping a hacker before they reach critical infrastructure.

Palo Alto Networks' solutions are trusted by some of the world's largest and most security-conscious organizations, including government agencies, financial institutions and healthcare providers. The company has developed a reputation for delivering innovative and effective security solutions and it has been recognized by industry analysts for its leadership in the cybersecurity market.

Palo Alto Networks' financial profile offers consistent revenue growth and profitability. The company has a strong balance sheet. 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.

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 organic growth initiatives, Palo Alto Networks is also focused on expanding its global footprint. 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.

Palo Alto Networks is a leading cybersecurity company with a strong financial profile and a proven track record of delivering innovative and effective security solutions. With its focus on expanding its product offerings and global footprint, the company is positioned for continued growth in the cybersecurity market.

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PANW Stock News Headlines

May 22, 2023 | americanbankingnews.com

Palo Alto Networks (PANW) Scheduled to Post Quarterly Earnings on Tuesday

May 21, 2023 | americanbankingnews.com

Jefferies Financial Group Raises Palo Alto Networks (NASDAQ:PANW) Price Target to $230.00

May 22, 2023 | Behind the Markets (Ad)

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May 21, 2023 | americanbankingnews.com

Palo Alto Networks (NASDAQ:PANW) PT Lowered to $220.00 at Mizuho

May 19, 2023 | finance.yahoo.com

At US$190, Is It Time To Put Palo Alto Networks, Inc. (NASDAQ:PANW) On Your Watch List?

May 17, 2023 | americanbankingnews.com

Palo Alto Networks (NASDAQ:PANW) Shares Down 3.6%

May 15, 2023 | msn.com

(PANW) - Analyzing Palo Alto Networks's Short Interest

May 13, 2023 | americanbankingnews.com

Palo Alto Networks (NASDAQ:PANW) Price Target Raised to $235.00 at Barclays

May 22, 2023 | Behind the Markets (Ad)

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May 12, 2023 | americanbankingnews.com

Palo Alto Networks (NASDAQ:PANW) Coverage Initiated by Analysts at Capital One Financial

May 12, 2023 | americanbankingnews.com

Lee Klarich Sells 45,000 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW) Stock

May 9, 2023 | americanbankingnews.com

Analysts Set Palo Alto Networks, Inc. (NASDAQ:PANW) Price Target at $223.72

May 5, 2023 | americanbankingnews.com

Insider Selling: Palo Alto Networks, Inc. (NASDAQ:PANW) EVP Sells $6,572,520.00 in Stock

May 4, 2023 | americanbankingnews.com

Rosenblatt Securities Begins Coverage on Palo Alto Networks (NASDAQ:PANW)

April 30, 2023 | seekingalpha.com

Examining Industry Trends And Palo Alto Networks Growth Potential

April 29, 2023 | seekingalpha.com

Palo Alto: SASE Is A Big Opportunity

April 25, 2023 | msn.com

Why did Palo Alto Networks stock go down today? Tenable spurs concern

April 21, 2023 | americanbankingnews.com

Nikesh Arora Sells 13,800 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW) Stock

April 19, 2023 | msn.com

Palo Alto Networks CEO Nikesh Arora sold $2.78M in common stock

April 17, 2023 | msn.com

Here's How Much You Would Have Made Owning Palo Alto Networks Stock In The Last 5 Years

April 17, 2023 | americanbankingnews.com

Palo Alto Networks (NASDAQ:PANW) Given New $250.00 Price Target at Oppenheimer

April 16, 2023 | americanbankingnews.com

Palo Alto Networks, Inc. (NASDAQ:PANW) Given Average Recommendation of "Moderate Buy" by Brokerages

April 16, 2023 | americanbankingnews.com

Palo Alto Networks, Inc. (NASDAQ:PANW) Receives $222.16 Average Target Price from Analysts

April 12, 2023 | msn.com

Palo Alto Networks Unusual Options Activity For April 12

April 12, 2023 | finance.yahoo.com

Palo Alto Networks Achieves DoD IL5 Provisional Authorization for Prisma Access Zero Trust Solution

April 9, 2023 | americanbankingnews.com

Palo Alto Networks (NYSE:PANW) Stock Price Down 1.2%

April 7, 2023 | finance.yahoo.com

Are Computer and Technology Stocks Lagging Airbnb (ABNB) This Year?

See More Headlines

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PANW Company Calendar

Last Earnings: 2/21/2023
Today: 5/21/2023
Next Earnings (Confirmed): 5/23/2023
Fiscal Year End: 7/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Computer peripheral equipment, not elsewhere classified
Sub-Industry: Communications Equipment
Sector: Computer and Technology
Current Symbol: NASDAQ:PANW
CUSIP: 69743510
CIK: 1327567
Web: www.paloaltonetworks.com
Phone: (408) 753-4000
Fax: N/A
Employees: 12,561
Year Founded: 2005

Price Target and Rating

Average Stock Price Forecast: $224.26
High Stock Price Forecast: $270.00
Low Stock Price Forecast: $165.00
Forecasted Upside/Downside: +18.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.90
Research Coverage: 38 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.0733
Trailing P/E Ratio: 2,572.75
Forward P/E Ratio: 157.22
P/E Growth: 5.02
Net Income: $-267,000,000.00
Net Margins: 0.56%
Pretax Margin: 1.36%
Return on Equity: 36.62%
Return on Assets: 1.33%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.64
Quick Ratio: 0.64

Sales & Book Value

Annual Sales: $5.50 billion
Price / Sales: 10.38
Cash Flow: $2.05 per share
Price / Cash Flow: 92.16
Book Value: $0.70 per share
Price / Book: 269.51

Miscellaneous

Outstanding Shares: 302,610,000
Free Float: 290,806,000
Market Cap: $57.09 billion
Optionable: Optionable
Beta: 1.17

Social Links

Key Executives

Nikesh Arora
Chairman & Chief Executive Officer

BJ Jenkins
President

Dipak Golechha
Chief Financial Officer & Executive Vice President

Nir Zuk
Director, Chief Technology Officer & Executive VP

Meerah Rajavel
Chief Information Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PANW Stock - Frequently Asked Questions

Should I buy or sell Palo Alto Networks stock right now?: 38 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Palo Alto Networks in the last year. There are currently 4 hold ratings and 34 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PANW shares.
View PANW analyst ratings or view top-rated stocks.
What is Palo Alto Networks' stock price forecast for 2023?: 38 equities research analysts have issued 1 year price targets for Palo Alto Networks' stock. Their PANW share price forecasts range from $165.00 to $270.00. On average, they predict the company's stock price to reach $224.26 in the next year. This suggests a possible upside of 18.9% from the stock's current price.
View analysts price targets for PANW or view top-rated stocks among Wall Street analysts.
How have PANW shares performed in 2023?: Palo Alto Networks' stock was trading at $139.54 at the beginning of 2023. Since then, PANW shares have increased by 35.2% and is now trading at $188.66.
View the best growth stocks for 2023 here.
When is Palo Alto Networks' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 23rd 2023.
View our PANW earnings forecast.
How can I listen to Palo Alto Networks' earnings call?: Palo Alto Networks will be holding an earnings conference call on Tuesday, May 23rd at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.
How were Palo Alto Networks' earnings last quarter?: Palo Alto Networks, Inc. (NASDAQ:PANW) posted its earnings results on Tuesday, February, 21st. The network technology company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.12 by $0.22. The network technology company earned $1.66 billion during the quarter, compared to the consensus estimate of $1.65 billion. Palo Alto Networks had a trailing twelve-month return on equity of 36.62% and a net margin of 0.56%.
What ETFs hold Palo Alto Networks' stock?: ETFs with the largest weight of Palo Alto Networks (NASDAQ:PANW) stock in their portfolio include Global X Cybersecurity ETF (BUG), First Trust NASDAQ Cybersecurity ETF (CIBR), Invesco Dynamic Networking ETF (PXQ), WisdomTree Cybersecurity Fund (WCBR), iShares Cybersecurity and Tech ETF (IHAK), Franklin Exponential Data ETF (XDAT), ETFMG Prime Cyber Security ETF (HACK) and Pacer Data and Digital Revolution ETF (TRFK).
When did Palo Alto Networks' stock split?: Palo Alto Networks's stock split on the morning of Wednesday, September 14th 2022. The 3-1 split was announced on Monday, August 22nd 2022. The newly created shares were distributed to shareholders 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.

What guidance has Palo Alto Networks issued on next quarter's earnings?: Palo Alto Networks updated its third quarter 2023 earnings guidance on Tuesday, February, 21st. The company provided earnings per share guidance of $0.90-$0.94 for the period, compared to the consensus earnings per share estimate of $0.78. The company issued revenue guidance of $1.70 billion-$1.73 billion, compared to the consensus revenue estimate of $1.74 billion.
What is Palo Alto Networks' stock symbol?: Palo Alto Networks trades on the NASDAQ under the ticker symbol "PANW."
Who are Palo Alto Networks' major shareholders?: Palo Alto Networks' stock is owned by many different institutional and retail investors. Top institutional investors include Susquehanna International Group LLP (0.00%), SG Americas Securities LLC (0.00%), Clearbridge Investments LLC (1.27%), Jane Street Group LLC (0.00%), Geode Capital Management LLC (1.12%) and Generation Investment Management LLP (0.86%). Insiders that own company stock include Amit K Singh, Amit K Singh, Aparna Bawa, Dipak Golechha, James J Goetz, Jean Compeau, John P Key, John P Key, John P Key, John Strosahl, Josh D Paul, Lee Klarich, Lee Klarich, Mark D Mclaughlin, Mark D Mclaughlin, Nikesh Arora, Nikesh Arora, Nir Zuk and Nir Zuk.
View institutional ownership trends.
How do I buy shares of Palo Alto Networks?: Shares of PANW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Palo Alto Networks' stock price today?: One share of PANW stock can currently be purchased for approximately $188.66.
How much money does Palo Alto Networks make?: Palo Alto Networks (NASDAQ:PANW) has a market capitalization of $57.09 billion and generates $5.50 billion in revenue each year. The network technology company earns $-267,000,000.00 in net income (profit) each year or $0.0733 on an earnings per share basis.
How many employees does Palo Alto Networks have?: The company employs 12,561 workers across the globe.
Does Palo Alto Networks have any subsidiaries?: The following companies are subsidiares of Palo Alto Networks: 3375 Scott Blvd LLC, Aporeto, Aporeto Inc., CGNX Networks Private Limited, CloudGenix, CloudGenix Inc., Cortex XSOAR, Cyber Secdo Ltd, Demisto (UK) Limited, Evident.io, Evident.io Inc., Evident.io Pty. Ltd., Expanse, LightCyber, LightCyber B.V., LightCyber Inc., PA Networks Costa Rica LLC SRL, PAN Demisto LLC, PAN II LLC, PAN LLC, Palo Alto Networks (APAC Holdings) B.V., Palo Alto Networks (Australia) Pty Ltd, Palo Alto Networks (Austria) GmbH, Palo Alto Networks (Brasil) Ltda., Palo Alto Networks (Canada Technology) Inc., Palo Alto Networks (Canada) Inc., Palo Alto Networks (Czech) S.R.O., Palo Alto Networks (EU) B.V., Palo Alto Networks (Finland) Oy, Palo Alto Networks (GEO) B.V., Palo Alto Networks (Germany) GmbH, Palo Alto Networks (Iberia) S.L., Palo Alto Networks (India) Private Limited, Palo Alto Networks (India) Technologies Private Limited, Palo Alto Networks (Israel Analytics) Ltd., Palo Alto Networks (Israel Services) Ltd., Palo Alto Networks (Israel) Ltd. (f/k/a Cyvera), Palo Alto Networks (Italy) S.R.L, Palo Alto Networks (Malaysia) LLC, Palo Alto Networks (Mexico) S. de R.L. de C.V., Palo Alto Networks (Netherlands) B.V., Palo Alto Networks (New Zealand) Unlimited, Palo Alto Networks (Norway) AS, Palo Alto Networks (Poland) sp. z o.o., Palo Alto Networks (QFC) LLC, Palo Alto Networks (Rus) LLC, Palo Alto Networks (Singapore) Holding Company Pte. Ltd., Palo Alto Networks (Singapore) PTE. LTD., Palo Alto Networks (Switzerland) GmbH, Palo Alto Networks (UK Holding 1) Limited, Palo Alto Networks (UK Holding 2) Limited, Palo Alto Networks (UK) Limited, Palo Alto Networks Belgium B.V.B.A., Palo Alto Networks Denmark ApS, Palo Alto Networks FZ LLC, Palo Alto Networks Financial Services LLC, Palo Alto Networks Holdings B.V., Palo Alto Networks International Inc., Palo Alto Networks K.K. (Kabushiki Kaisha), Palo Alto Networks Korea Ltd. - Yuhan Hoesa (YH), Palo Alto Networks L.L.C., Palo Alto Networks Management LLC, Palo Alto Networks Public Sector LLC, Palo Alto Networks Saudi Arabia LLC, Palo Alto Networks Venture Fund LLC, Palo Alto Security Limited, PureSec Inc., PureSec Pty Ltd, RedLock, RedLock Inc., SecDo Inc., The Crypsis Group, Twistlock, Twistlock Europe Limited, Twistlock Inc., Twistlock Ltd., Xseer Inc., ZingBox, Zingbox Inc., and Zingbox Japan G.K..
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How can I contact Palo Alto Networks?: Palo Alto Networks' mailing address is 3000 TANNERY WAY, SANTA CLARA CA, 95054. The official website for the company is www.paloaltonetworks.com. The network technology company can be reached via phone at (408) 753-4000 or via email at ir@paloaltonetworks.com.

This page (NASDAQ:PANW) was last updated on 5/22/2023 by MarketBeat.com Staff

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