Palo Alto Networks Inc (NASDAQ: PANW) has a higher price-to-earnings ratio of 41.99x compared to its average ratio, The 36-month beta value for PANW is at 1.21. Analysts have varying views on the stock, with 16 analysts rating it as a “buy,” 13 rating it as “overweight,” 10 as “hold,” and 2 as “sell.”
The public float for PANW is 318.94M, and currently, shorts hold a 4.21% of that float. The average trading volume for PANW on April 09, 2024 was 6.08M shares.
PANW) stock’s latest price update
Palo Alto Networks Inc (NASDAQ: PANW)’s stock price has plunge by -0.16relation to previous closing price of 269.01. Nevertheless, the company has seen a -3.88% plunge in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-08 that We review Palo Alto Network’s prospects in networking and network security via the same framework we applied to Fortinet in our last article. SASE is all about the first mile of transit for a data packet. However, there are the middle and last miles for investors to consider, as SASE evolves. Compared to FTNT, PANW is in a weaker position amid this broader view of networking and network security. Though, we are still bullish long-term thanks to PANW’s other areas.
PANW’s Market Performance
Palo Alto Networks Inc (PANW) has experienced a -3.88% fall in stock performance for the past week, with a -6.25% drop in the past month, and a -5.07% drop in the past quarter. The volatility ratio for the week is 1.88%, and the volatility levels for the past 30 days are at 2.39% for PANW. The simple moving average for the last 20 days is -4.51% for PANW stock, with a simple moving average of -1.16% for the last 200 days.
Analysts’ Opinion of PANW
Many brokerage firms have already submitted their reports for PANW stocks, with Rosenblatt repeating the rating for PANW by listing it as a “Neutral.” The predicted price for PANW in the upcoming period, according to Rosenblatt is $265 based on the research report published on February 21, 2024 of the current year 2024.
Piper Sandler, on the other hand, stated in their research note that they expect to see PANW reach a price target of $300, previously predicting the price at $350. The rating they have provided for PANW stocks is “Neutral” according to the report published on February 21st, 2024.
Northland Capital gave a rating of “Market Perform” to PANW, setting the target price at $275 in the report published on February 21st of the current year.
PANW Trading at -13.58% from the 50-Day Moving Average
After a stumble in the market that brought PANW to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -29.48% of loss for the given period.
Volatility was left at 2.39%, however, over the last 30 days, the volatility rate increased by 1.88%, as shares sank -4.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.05% lower at present.
During the last 5 trading sessions, PANW fell by -3.88%, which changed the moving average for the period of 200-days by +12.41% in comparison to the 20-day moving average, which settled at $280.67. In addition, Palo Alto Networks Inc saw -8.92% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PANW starting from ZUK NIR, who sale 36,000 shares at the price of $280.46 back on Apr 01 ’24. After this action, ZUK NIR now owns 1,331,567 shares of Palo Alto Networks Inc, valued at $10,096,399 using the latest closing price.
Paul Josh D., the Chief Accounting Officer of Palo Alto Networks Inc, sale 250 shares at $285.09 during a trade that took place back on Apr 01 ’24, which means that Paul Josh D. is holding 26,294 shares at $71,272 based on the most recent closing price.
Stock Fundamentals for PANW
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.74 for the gross margin
The net margin for Palo Alto Networks Inc stands at 0.3. The total capital return value is set at 0.07. Equity return is now at value 89.52, with 14.48 for asset returns.
Based on Palo Alto Networks Inc (PANW), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at 1.4. The debt to equity ratio resting at 0.5. The interest coverage ratio of the stock is 37.13.
Currently, EBITDA for the company is 593.5 million with net debt to EBITDA at 0.42. When we switch over and look at the enterprise to sales, we see a ratio of 11.58. The receivables turnover for the company is 3.21for trailing twelve months and the total asset turnover is 0.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.79.
Conclusion
In conclusion, Palo Alto Networks Inc (PANW) has had a bad performance lately. Opinion on the stock among analysts is bearish, with some giving it a “sell” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
