That also marked its second consecutive quarter of GAAP profitability. PANW shares fell on Tuesday in sympathy with Oracle  ORCL, which dropped after issuing soft guidance. Here’s a full list of the stocks in Jim’s Charitable Trust, the portfolio used by the CNBC Investing Club. The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).

• For the second quarter of fiscal 2024, which ended on July 31, the cloud-based cybersecurity company’s revenue rose 37% year over year to $732 million and surpassed analysts’ estimates by $7 million.
• Here’s a full list of the stocks in Jim’s Charitable Trust, the portfolio used by the CNBC Investing Club.
• There are currently 3 hold ratings and 39 buy ratings for the stock.
• Palo Alto Networks faces competition from other key players in the cybersecurity market such as Cisco.
• StockForecast has the objective information you need to analyze stocks and currencies.

Palo Alto’s key cybersecurity solutions and innovations across three major platforms – Network Security, Cloud Security and SOC Security – suggest the company is well-positioned. Palo Alto Networks is a compelling stock to own as it gains share in the increasingly important cybersecurity market, CNBC’s Jim Cramer said. The average analyst rating for PANW stock from 38 stock analysts is “Strong Buy”. This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market. It expects revenue to rise 33%-34% year over year in the third quarter and 35%-36% for the full year. That would represent a slowdown from its 54% growth in fiscal 2023, but it also exceeds Wall Street’s forecast for a 35% gain.

Market capitalization is the total market value of all issued shares of a company. It is calculated by the formula

multiplying the number of shares in the company outstanding by the market price of one share. Palo Alto provides ema indicator its products to a variety of industries around the world. Palo Alto Networks stock prediction results are shown below and presented in the form of graphs, tables and text information, divided into time intervals.

PANW Overview

Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let’s see what these Wall Street heavyweights think about Palo Alto Networks (PANW). Always remember that your decision to trade depends on your attitude to risk, your expertise in the market, the spread of your investment portfolio, and how comfortable you feel about losing money. A look at Palo Alto Networks’ historical prices over the past five years shows that the stock gained 296%.

Shares of Palo Alto Networks split on the morning of Wednesday, September 14th 2022. The newly created shares were payable 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.

Historical Forecasts

Looking forward into 2022 and beyond, analysts shared different PANW stock price targets. The trend led to an increase in demand for cybersecurity services. This demand is expected to continue, with the global cybersecurity market size forecast to grow to $345.4bn by 2026, according to a report compiled by Statista. According to 38 analysts, the average rating for PANW stock is “Strong Buy.” The 12-month stock price forecast is $263.03, which is an increase of 7.04% from the latest price. Zacks provides the average brokerage recommendation (ABR) for thousands of stocks for most of the leading investment web sties. The ABR is the calculated average of the actual recommendations (strong buy, hold, sell etc) made by the brokerage firms for a given stock.

CrowdStrike’s disruptive approach enabled it to grow like a weed since its IPO in 2019. Between fiscal 2020 and fiscal 2023 (which ended in January 2023), its revenue increased at a jaw-dropping compound annual growth rate (CAGR) of 67%. Its annual recurring revenue (ARR) rose at a CAGR of 62% during the same period.

Palo Alto Networks CEO Nikesh Arora goes one-on-one with Jim Cramer

An assessment indicates that the company narrowed losses gradually over those periods. According to the Analyst Day presentation, as of 13 September 2021, the company more than doubled its major product releases in 2021 compared to 2019. For the same period, the number of $1m+ accounts grew from 542 to 921, while the number of $10m+ accounts increased from 18 to 43. Palo Alto Networks stock has climbed around 45% on a year-to-date basis, given the work-from-home trend and concerns over cybersecurity. Joel Fishbein, Truist Managing Director, joins ‘Closing Bell Overtime’ to talk Palo Alto Networks’ quarterly earnings.

• Its declining net new ARR in the first half of fiscal 2024 also indicates it’s struggling to squeeze out more subscription revenue from its new and existing customers.
• That disciplined SBC spending enabled it to remain profitable on a GAAP basis over the past two quarters, and its free cash flow (FCF) grew 42% year over year to $416 million in the first half of the year.
• Eyal covers the Technology sector, focusing on stocks such as Palo Alto Networks, Check Point, and Verint Systems.
• In terms of earnings estimate revisions for Palo Alto, the Zacks Consensus Estimate for the current year has increased 35.7% over the past month to $5.34.

At $150, CrowdStrike stock trades at 53 times its adjusted EPS forecast for fiscal 2024. Palo Alto Networks and Fortinet, which are both growing slower, trade at 45 and 40 times forward earnings, respectively. Like many of its cybersecurity peers, CrowdStrike blamed its slowdown on the macroeconomic headwinds that drove many businesses https://bigbostrade.com/ to rein in their software spending. Its declining net new ARR in the first half of fiscal 2024 also indicates it’s struggling to squeeze out more subscription revenue from its new and existing customers. In the last three years, Palo Alto Networks’s Net Income has grown by 226.01%, rising from $-81.90M to $-267.00M.

Professionals believe that By 2030, Palo Alto Networks’s EPS will fall to $2.18 – a 13.63% decrease from its current value. Palo Alto Networks’s Revenue has grown In the last three years, rising from $2.90B to $5.50B – a growth of 89.73%. According to 0 analysts, Palo Alto Networks’s Revenue will fall by 19.16% in the next year, reaching $4.45B.

Jim Cramer says this surging cybersecurity is gaining market share and proving doubters wrong

The company issued revenue guidance of $8.15 billion-$8.20 billion, compared to the consensus revenue estimate of $8.38 billion. In this period, the Palo Alto price would rise from $449 to $563, which is +25%. Palo Alto will start 2030 at $449, then soar to $458 within the first half of the year, and finish 2030 at $468.

Forward P/E uses projections of future earnings instead of final numbers. EPS shows how much of the net profit is accounted for by the common share. Of the 36 recommendations that derive the current ABR, 31 are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 86.1% and 5.6% of all recommendations.

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. We forecast Palo Alto Networks stock performance using neural networks based on historical data on Palo Alto Networks stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When looking for Palo Alto Networks stock forecasts, it’s important to bear in mind that analysts’ projections and price targets can be wrong.

Revenue has also demonstrated upbeat performance in the last three quarters. Revenue increased 24% year-over-year to $1.1bn in the fiscal third quarter 2021, and added 28% and 32%, on an annual basis, to $1.2bn in each in the two following quarters, respectively. Zscaler reports a strong quarter, but Palo Alto Networks is still the top cybersecurity pick for CNBC’s Jim Cramer. The cybersecurity industry has emerged as a critical pillar in the modern business landscape, addressing the ever-growing need to safeguard digital assets and data.

For Palo Alto Networks stocks, the 200-day moving average is the support level today. Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. In other words, their interests aren’t always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock’s price movement.