Palo Alto Networks Inc. [PANW] Revenue Reported At $5.82 Billion, Down -9.76% YTD: What’s Next?


Palo Alto Networks Inc. [NASDAQ: PANW] Shares jumped about 10.92 points on Friday, while the shares ended the session up 6.97% at $167.48. The company reported on November 17, 2022 that Palo Alto Networks enters into a definitive agreement to acquire Cider Security.


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With Cider Security’s software supply chain security capabilities, Prisma Cloud has become the indispensable cloud security platform.

Palo Alto Networks (NASDAQ: PANW), the global cybersecurity leader, announced that it has signed a definitive agreement to acquire Cider Security (Cider), a leader in application security (AppSec) and software supply chain security . The proposed acquisition supports Palo Alto Networks’ Prisma® Cloud platform approach to secure the entire application security lifecycle from code to cloud. With its recently announced Software Structure Analysis (SCA) capabilities, Prisma Cloud will now offer the industry’s most comprehensive supply chain security solution as part of its code-to-cloud security platform.

Palo Alto Networks Inc. The stock is now down -9.76% from its year-to-date (YTD) trading price. PANW stock saw an intraday high of $173.00 and a low of $166.07 per share. The company’s 52-week high price is 213.63, which means the current price is +19.56% higher than the high touched on 04/20/22.

Compared to the average trading volume of 4.43M shares, PANW reached a trading volume of 13388590 shares in the most recent trading day, which is why market watchdogs consider the stock active.

What the top market gurus say about Palo Alto Networks Inc. [PANW],

Based on careful and fact-backed analysis by Wall Street experts, the current consensus on the target price for PANW shares is $217.38 per share. Target prices and analysis on the performance of stocks are usually carefully studied by market experts, and the current Wall Street consensus on PANW stock is a recommendation at 1.80. This rating represents a strong buy recommendation on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 indicates hold and 2 indicates buy.

Loop Capital has maintained Palo Alto Networks Inc.’s view on the stock as Buy, with its previous recommendation on Nov 10, 2022. The new note on price target was issued on November 02, 2022, which represents the official price target for Palo Alto Networks Inc stock. Earlier, the target price was raised once again to $220, while analysts at Cantor Fitzgerald maintained an overweight rating on PANW stock.

Palo Alto Networks Inc. The Average True Range (ATR) for PANW stock is set at 7.76, with a price to sales ratio of 8.08 for PANW stock over the trailing 12-month period. The Price to Book ratio for the previous quarter was 239.26, the Price to Cash per share for the same quarter was set at 12.94. Price to Free Cash Flows for PANW during the trailing twelve months was 29.29, with a quick ratio of 0.80 for the last quarter.

How has PANW stock performed recently?

Palo Alto Networks Inc. [PANW] Reached the green zone at the end of last week, in a positive trend and with a gain of 1.31. With this latest performance, PANW shares are up 5.62% over the past four-week period, as well as down 4.96% over the past 6 months — not to mention a -3.37% decline over the past year of trading.

Overbought and oversold stocks can be easily detected with the Relative Strength Index (RSI), where an RSI result of over 70 will result in overbought, and any rate below 30 will indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PANW stock for the past two-week period is set at 55.16, with the RSI last trading hit at 59.10, and the three-week RSI for Palo Alto Networks Inc. is set at 52.83. [PANW], The current moving average of this stock for last 50 days of trade is 165.02, while for last one week it was recorded at 161.45 and for last 200 days it is 174.74.

Palo Alto Networks Inc. [PANW]: Deep Insight into the Fundamentals

Palo Alto Networks Inc. Equally intriguing is its liquidity data, with a quick ratio of 0.80 and a current ratio set at 0.80.

Palo Alto Networks Inc. Income analysis for [PANW]

The company’s progress can be viewed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting 5-year EPS growth rate for PanW. When it comes to quoted price, analysts are expecting Palo Alto Networks Inc. The 5 year EPS growth rate for .

Palo Alto Networks Inc. Insider trading conditions for. [PANW]

Institutional investors currently hold approximately $42,029 million or 87.90% of PANW stock in hands. The top three institutional holders of PANW stock are: Vanguard Group INC with ownership of 19,223,780, which is approximately -16.558% of the company’s market cap and approximately 1.50% of total institutional ownership; BLACKROCK INC. holds 17,074,712 shares of stock with an estimated value of $2.86 billion in PANW stock shares; and Morgan Stanley, currently with $1.57 billion in PANW stock, owning approximately 7.982% of the company’s market capitalization.

681 institutional holders increased their positions in Palo Alto Networks Inc. [NASDAQ:PANW] By approximately 25,004,102 shares. Additionally, 577 investors reduced positions by approximately 33,918,362 shares, while 192 investors maintained positions by approximately 192,027,377 shares. As per the latest SEC report filing, the mentioned changes put the institutional holdings at 250,949,841 shares. There were 133 new institutional investments in PANW stock for a total of 4,811,032 shares, while 86 institutional investors sold 5,076,798 shares during the same period.

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