Here's Why Palo Alto Networks (PANW) is a Strong Growth Stock
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Why This 1 Growth Stock Should Be On Your Watchlist
For growth investors, a company's financial strength, overall health, and future outlook take precedence, so they'll want to zero in on the Growth Style Score. This Score examines things like projected and historical earnings, sales, and cash flow to find stocks that will generate sustainable growth over time.
Palo Alto Networks (PANW)
Santa Clara, CA-based Palo Alto Networks, Inc. offers network security solutions to enterprises, service providers and government entities worldwide.
PANW sits at a Zacks Rank #3 (Hold), holds a Growth Style Score of B, and has a VGM Score of B. Earnings and sales are forecasted to increase 23.7% and 16.1% year-over-year, respectively.
Eight analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0 to $5.49 per share. PANW boasts an average earnings surprise of 15.8%.
On a historic basis, Palo Alto Networks has generated cash flow growth of 40.8%, and is expected to report cash flow expansion of 100.6% this year.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, PANW should be on investors' short lists.
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Palo Alto Networks, Inc. (PANW) : Free Stock Analysis Report
