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Palo Alto Networks Stock Can Set a New All-Time High Soon
MarketBeat· 2024-08-22 14:37
Palo Alto Networks TodayPANWPalo Alto Networks$357.32 -2.43 (-0.68%) 52-Week Range$224.64▼$380.84P/E Ratio51.94Price Target$363.49Add to WatchlistOperational quality and business trends are why Palo Alto Network's NASDAQ: PANW stock price will soon hit a new all-time high. The latest report shows that business strength persists despite the company’s leaning toward free and reduced services intended to boost total business. That plan appears to be working, and it is compounded by the focus on platformization ...
Palo Alto Networks Q4: Transforming Into Next-Generation Security
Seeking Alpha· 2024-08-21 03:36
Jetta Productions Inc I published my 'Buy' thesis for Palo Alto Networks (NASDAQ:PANW) (NEOE:PANW:CA) in May 2024, highlighting their strategy of platformization and long-term growth potentials. Since then, the stock price has surged by more than 19%. Palo Alto Networks released its Q4 result on August 19th with 12% year-over-year growth in revenue, exceeding the market expectations. The company achieved robust growth in Next Generation Security (NGS) portfolio. I maintain a "Buy" rating with a fair value o ...
S&P 500 Gains and Losses Today: Palo Alto Networks Surges After Earnings Beat
Investopedia· 2024-08-20 21:52
Key TakeawaysThe S&P 500 slipped 0.2% on Tuesday, Aug. 20, ending a streak of eight consecutive positive trading days for the benchmark index.Shares of medical device makers Insulet and DexCom moved lower as a popular drug from Eli Lilly showed promise in reducing diabetes risk.Palo Alto Networks shares took off after the cybersecurity firm beat quarterly sales and profit estimates. Major U.S. equities indexes finished with minor losses on Tuesday. The S&P 500 fell 0.2%, ending a streak of eight straight wi ...
Why Palo Alto Networks Stock Popped 8% Today
The Motley Fool· 2024-08-20 17:36
Wall Street loves Palo Alto stock today. But should you?Cybersecurity specialist Palo Alto Networks' (PANW 8.65%) stock soared 8% through 11:25 a.m. ET Tuesday after the company beat analyst forecasts for sales and earnings last night.Heading into its report for the fiscal fourth quarter of 2024, ended July 31, analysts forecast Palo Alto would earn $1.41 per share in "adjusted" profit on sales of $2.16 billion. Instead, Palo Alto reported $1.51 per share, and sales were $2.19 billion. Palo Alto also guided ...
Palo Alto Networks Delivers 'Solid Finish' To Year, 10 Analysts Raise Forecasts
Benzinga· 2024-08-20 16:24
Shares of Palo Alto Networks Inc PANW were climbing in early trading on Tuesday.The company reported its results amid an exciting earnings season. Here are some key analyst takeaways. Check out other analyst stock ratings.KeyBanc: Palo Alto Networks reported its fiscal fourth-quarter billings at $3,502 million. This represents 11% year-on-year growth, beating consensus of $3.45 billion, Heath said in a note. Revenues came in at $2.19 billion, topping expectations of $2,161 million, he added.Management's RPO ...
Palo Alto Networks Jumps as Analysts Up Targets on AI Gains, 'Platformization'
Investopedia· 2024-08-20 16:00
Key TakeawaysPalo Alto Network shares surged on Tuesday after the company reported better-than-expected quarterly results.Analysts who raised their price targets for the stock said the cybersecurity company's results showed that its platform consolidation efforts were paying off.They also noted that Palo Alto Networks' artificial intelligence (AI) integration initiatives showed early promise. Palo Alto Networks (PANW) shares jumped during intraday trading Tuesday after the cybersecurity company reported str ...
Cybersecurity Stock Climbs on Beat-and-Raise
Schaeffers Investment Research· 2024-08-20 14:32
Palo Alto Networks Inc (NASDAQ:PANW) stock is surging today, up 7.5% at $368.95 at last glance, after the cybersecurity name's fiscal fourth-quarter results beat estimates. The company also announced upbeat quarterly and full-year guidance, leading a flood of analysts to lift their price targets on the stock. Today's pop has PANW finally fully recovered from its massive February post-earnings bear gap that saw the stock drop 28.4% in a single session. Year to date, the equity is up 24.4%. Options traders ar ...
Momentum in Palo Alto Networks: Tech Stocks Still Going Strong
MarketBeat· 2024-08-20 13:55
Most of the stock market had thought of the technology sector as a place to be in the past, and that is just not the case today, as names like Palo Alto Networks Inc. NASDAQ: PANW show strengthening financial and price momentum as the company’s latest quarterly earnings results are released to the public. While it may not be as attractive a name as some of the previous darlings in the semiconductor industry, this stock is still worth taking a look at.Palo Alto Networks TodayPANWPalo Alto Networks$365.70 +22 ...
Palo Alto (PANW) Q4 Earnings and Revenues Surpass Estimates
ZACKS· 2024-08-20 13:51
Palo Alto Networks, Inc. (PANW) reported better-than-expected results for the fourth quarter of fiscal 2024. The company reported non-GAAP earnings of $1.51 per share for the fiscal fourth quarter, which beat the Zacks Consensus Estimate of $1.41. The bottom line improved 4.9% from the year-ago quarter’s non-GAAP earnings of $1.44 per share and came above the company’s earlier guidance of $1.40-$1.42.Palo Alto’s fiscal fourth-quarter revenues of $2.19 billion beat the Zacks Consensus Estimate of $2.16 billi ...
Palo Alto Networks: Buy Before It Enters Beast Mode
Seeking Alpha· 2024-08-20 12:30
Sundry Photography Palo Alto Networks: Solid Earnings Performance And Outlook Palo Alto Networks (NASDAQ:PANW) investors cheered its solid earnings release and outlook as PANW announced its FQ4 earnings. The company demonstrated that fears about an elongated sales cycle driven by its platformization drive have been overstated. I indicated in my previous PANW article in May 2024 that these fears were misunderstood. As a result, I'm confident that Palo Alto Networks has corroborated my conviction with its sol ...