Inside the latest shopping for and promoting session, Palo Alto Networks (PANW) closed at $499.32, marking a +1.44% switch from the previous day. This modification outpaced the S&P 500’s 1.42% obtain on the day. On the same time, the Dow added 0.97%, and the tech-heavy Nasdaq misplaced 0.07%.
Coming into instantly, shares of the protection software program program maker had misplaced 0.35% thus far month. In that exact same time, the Laptop computer and Experience sector gained 6.64%, whereas the S&P 500 gained 6.69%.
Merchants shall be hoping for vitality from Palo Alto Networks as a result of it approaches its subsequent earnings launch. The company is anticipated to report EPS of $2.28, up 42.5% from the prior-year quarter. Within the meantime, our latest consensus estimate is asking for earnings of $1.54 billion, up 26.65% from the prior-year quarter.
PANW’s full-year Zacks Consensus Estimates are calling for earnings of $7.45 per share and earnings of $5.5 billion. These outcomes would characterize year-over-year modifications of +21.34% and +29.12%, respectively.
Merchants additionally must be conscious any newest modifications to analyst estimates for Palo Alto Networks. These revisions help to point the ever-changing nature of near-term enterprise developments. As such, optimistic estimate revisions replicate analyst optimism regarding the agency’s enterprise and profitability.
Based on our evaluation, we think about these estimate revisions are straight related to near-team stock strikes. Merchants can capitalize on this by using the Zacks Rank. This model considers these estimate modifications and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Sturdy Buy) to #5 (Sturdy Promote). It has a excellent, outside-audited monitor doc of success, with #1 shares delivering a imply annual return of +25% since 1988. Over the earlier month, the Zacks Consensus EPS estimate stays stagnant. Palo Alto Networks is at current sporting a Zacks Rank of #2 (Buy).
Looking at its valuation, Palo Alto Networks is holding a Forward P/E ratio of 66.03. Its commerce sports activities actions a imply Forward P/E of 58.33, so we one might conclude that Palo Alto Networks is shopping for and promoting at a premium comparatively.
Moreover, we should at all times level out that PANW has a PEG ratio of two.1. The PEG ratio is rather like the widely-used P/E ratio, nevertheless this metric moreover takes the company’s anticipated earnings progress cost into consideration. The Security was holding a imply PEG ratio of two.82 at yesterday’s closing price.
The Security commerce is part of the Laptop computer and Experience sector. This group has a Zacks Commerce Rank of 70, putting it throughout the prime 28% of all 250+ industries.
The Zacks Commerce Rank gauges the vitality of our specific individual commerce groups by measuring the widespread Zacks Rank of the individual shares all through the groups. Our evaluation reveals that the best 50% rated industries outperform the underside half by a component of two to 1.
Be sure that to profit from Zacks.com to look at all of these stock-moving metrics, and further, throughout the coming shopping for and promoting intervals.
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Palo Alto Networks, Inc. (PANW) : Free Stock Analysis Report
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