PANW - Palo Alto Networks, Inc.
Chart Events
MACD
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 248.58 |
| Open | 248.71 |
| Bid | 249.03 x 800 |
| Ask | 249.77 x 3100 |
| Day's Range | 245.23 - 249.00 |
| 52 Week Range | 125.47 - 251.11 |
| Volume | 1,315,284 |
| Avg. Volume | 1,418,834 |
| Market Cap | 24.016B |
| Beta (5Y Monthly) | 1.19 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -2.36 |
| Earnings Date | Sep 02, 2020 - Sep 07, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 257.16 |
Fair Value
Related Research
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Stock Upgrades: Palo Alto Networks Shows Rising Relative Strength
Palo Alto Networks shows improving price performance, earning an upgrade to its IBD Relative Strength Rating from 77 to 81.
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Were Hedge Funds Right About Palo Alto Networks Inc (PANW)?
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US government agency warns of fresh Palo Alto VPN security flaw
The U.S. government is warning that foreign nation-state hackers will "likely attempt" to exploit a new "critical"-rated security vulnerability found in a number of widely used Palo Alto Networks' network appliances, which if exploited could allow an attacker to break into a company's network with relative ease. The flaw lies in the software that powers several Palo Alto Networks' firewalls and enterprise VPN appliances, which let employees access their corporate network from home — access that is crucial during the pandemic — while keeping unauthorized users out. Palo Alto said that a fix was pushed out in a software update, but enterprises can also switch off SAML — a way of letting a user log in to the network — to mitigate the flaw.
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Big Deals Highlight Boom in Convertible Securities
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Palo Alto Networks appoints AWS financial chief to fill CFO role
Palo Alto Networks Inc. said late Tuesday that it's bringing in a finance chief from Amazon.com Inc. to replace the one they are losing to Alphabet Inc. . Palo Alto Networks said that Luis Felipe Visoso, who served as chief financial officer at Amazon Web Services, will become CFO on July 1. On Monday, Palo Alto said that CFO Kathy Bonanno was leaving the company to become business finance officer of Google's cloud division. Palo Alto Networks said that Bonanno and Visoso will work together through July 31 to smooth out the transition. Palo Alto shares were flat after hours, following a 1.5% decline to close at $229.31 in the regular session.
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Palo Alto Networks Appoints Luis Felipe Visoso as New Chief Financial Officer
Palo Alto Networks (NYSE: PANW), the global cybersecurity leader, today announced the appointment of Luis Felipe Visoso to the position of chief financial officer (CFO). Visoso will assume the role on July 1, 2020.
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Palo Alto Networks CFO Bonanno leaves for Google's cloud division
Shares of Palo Alto Networks Inc. fell nearly 1% in the extended session Monday after the cybersecurity company said Chief Financial Officer Kathy Bonanno is leaving the company to become business finance officer of Google's cloud division. Bonanno joined Palo Alto Networks in 2014 and became CFO in 2017. Bonanno will continue in her role through the end of the fiscal year to ensure a smooth transition of responsibilities to her successor. Palo Alto Networks expects to name a new CFO later this week, it said. Shares of Palo Alto Networks ended the regular trading day up 0.9%.
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Palo Alto Networks CFO Kathy Bonanno Announces Departure
Palo Alto Networks (NYSE: PANW), the global cybersecurity leader, today announced the departure of chief financial officer (CFO) Kathy Bonanno, who is leaving the company after more than six years to become business finance officer of Google's Cloud division.
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Palo Alto (PANW) Up 0.5% Since Last Earnings Report: Can It Continue?
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Palo Alto Networks Launches World's First ML-Powered NGFW Making Security Intelligent and Proactive -- Defending Networks and IoT Devices Against Most Known and Unknown Threats Instantly
As organizations defend their ever-increasing points of entry against cyberattacks that continue to morph and rise, Palo Alto Networks (NYSE: PANW), the global cybersecurity leader, today introduced the world's first ML-Powered Next-Generation Firewall (NGFW), which embeds machine learning (ML) in the core of the firewall to proactively assist in intelligently stopping threats, securing IoT devices, and recommending security policies — once again redefining the standard for network security.
- Thomson Reuters StreetEvents
Edited Transcript of PANW earnings conference call or presentation 21-May-20 8:30pm GMT
Q3 2020 Palo Alto Networks Inc Earnings Call
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4 AI & Cybersecurity Stocks to Gain From the New Normal
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Palo Alto Networks to Present at Citi Silicon Valley Virtual Bus Tour
Palo Alto Networks (NYSE: PANW), the global cybersecurity leader, announced today that members of its management team will participate in the following event:
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2 Cybersecurity Stocks to Buy in June
Cybersecurity stocks got hammered earlier this year as the novel coronavirus pandemic and other macroeconomic factors sent the broad market packing. In March, the market saw its worst day since 2008, and top cybersecurity companies such as Palo Alto Networks (NYSE: PANW) and Check Point Software Technologies (NASDAQ: CHKP) bore the brunt. As organizations shift their employees to a work-from-home model, there has been an increase in the volume of cybersecurity threats.
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Palo Alto Networks (PANW) Stock Remains Resilient to Virus Slump
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6 Cybersecurity Stocks Keeping Your Data Safe
According to Global Market Insights, the cybersecurity industry will grow at an average of 12% per year. The sector could reach $400 billion by 2026. The emergence of cloud and edge computing created a new sector of cybersecurity stocks.However, the new "work from anywhere" culture has caused companies to accelerate their investment in cybersecurity. There is growing evidence that a significant percentage of the workforce will continue to work from home. This bodes well for cybersecurity stocks, many of which use a software as a service (SaaS) model.Another catalyst is the emerging 5G infrastructure that raises additional concerns about connected devices adding strain to cybersecurity measures. In response to a question from InvestorPlace, Braden Allenby, President's Professor and Lincoln Professor of Engineering and Ethics at the Ira A. Fulton Schools of Engineering at Arizona State University, wrote, "5G may well be an important enabling technology for the … Internet of Things (IoT), which will deploy literally billions of sensors, processors, and chips across global systems."InvestorPlace - Stock Market News, Stock Advice & Trading TipsMore devices mean more threats. Says Allenby, "these data and assets can in turn be suborned for any number of purposes, from feeding neural net AI at scale, to forming massive bot armies that can then be used for nefarious purposes."Adding to this dilemma is the increased volume of data. As Allenby said, there is now an independent data economy: "Data have independent value, and all things (being) equal, the tech firm that has the most data has a better chance to win the AI (artificial intelligence) race."With that in mind, here are six cybersecurity stocks to buy that take advantage of this growing trend. * 7 Hotel Stocks to Buy Before Vacationing Restarts * Palo Alto Networks (NYSE:PANW) * Zscaler (NASDAQ:ZS) * CrowdStrike (NASDAQ:CRWD) * Qualys (NASDAQ:QLYS) * Splunk (NASDAQ:SPLK) * Okta (NASDAQ:OKTA) Palo Alto Networks (PANW)Source: Sundry Photography / Shutterstock.com Like most of the cybersecurity stocks on this list, Palo Alto Networks is benefiting from the surge of employees who are now working from home. PANW stock is up nearly 20% in the last month. The company delivered an earnings report that soundly beat analysts' expectations. But what was more important than the quarterly results was the forward guidance.The earnings report made clear that the company is benefiting from the mitigation efforts caused by the Covid-19 pandemic. With that trend likely to continue to at least some extent, that should be a catalyst for this cybersecurity stock.Palo Alto is an example of a company that has successfully pivoted from a firewall model to cloud-based cybersecurity products such as GlobalProtect and Prisma Access. And the company also uses a software-as-a-service (SaaS) model that investors love because it means recurring, predictable revenue.In a statement that accompanied the company's earnings report, CEO Nikesh Arora said the transition that is occurring due to the Covid-19 pandemic could last up to 18 months. "We believe this will prompt key trends to accelerate, including remote working models, shift to the cloud, and focus on AI/ML and automation to drive effective cybersecurity outcomes." Zscaler (ZS)Source: Sundry Photography / Shutterstock.com Zscaler is another of the cybersecurity stocks that is benefiting from the work-from-home movement. ZS stock is up over 115% in 2020. Zscaler uses a cloud-native platform to provide secure web gateways help users access any application from anywhere on any device.Zscaler's signature product is its Private Access (ZPA) product that allows users to incorporate applications without network access. In its most recent quarter, the company had a 10% gain in ZPA usage mostly propelled by the needs of companies to connect remote workers. Zscaler posted a 40% year-over-year (YoY) increase in billings at $110.5 million. And in the all-important category of billings, Zscaler also posted an increase of 55% or $131.3 million.Partnerships are a key part of Zscaler's business model. The company was recognized as a finalist in two Microsoft (NASDAQ:MSFT) Security 2020 Partner Awards. "Office 365 and Azure adoption remain long-term tailwinds for Zscaler," said Needham analysts Alex Henderson. "Zscaler continues to train Microsoft professionals on their solution and is seeing positive traction with the salesforces working together." * 8 Battery Stocks That Will Seriously Power Your Portfolio The company also partners with CrowdStrike and is actively working in tandem with the company to help capture more market share. CrowdStrike (CRWD)Source: Piotr Swat / Shutterstock.com That brings us to CrowdStrike. Whereas Zscaler and other companies like it help secure data, CrowdStrike works to protect the devices that are being used to view the data. This is called endpoint security. According to the Gartner research firm, it's a field that is getting crowded. However, according to Gartner, CrowdStrike is still one of the leaders in this space.CrowdStrike has a high valuation at approximately 34x earnings. However, the company may be getting to ready to zoom higher as Zoom Communications (NASDAQ:ZM) is now using the cybersecurity company in response to concerns over its security problems.CRWD stock has nearly doubled in 2020 and has shrugged off the effects of the pandemic-induced selloff in March. The consensus analysts' price target suggests a 12% decline for the stock. However, the analysts that have issued ratings since May 1 have an average price target of $95, with three out of five analysts having a rating of $95 or higher. Qualys (QLYS)Source: Shutterstock Qualys is one of CrowdStrike's competitors in the endpoint security sector. Qualys signs up enterprise clients on their platform, consolidates their security and compliance stacks which help those clients cut their overall IT spending.QLYS stock is at an all-time high and may look moderately expensive compared to its peers at 46 times forward earnings. However, the company is on an upward trajectory. The company touts its Vulnerability, Management, Detection and Response (VMDR) tool. Rather than having the customer handle its cybersecurity through a bundle of apps, VMDR handles everything as a single app.But what really seems to excite investors at the moment is the company's free cash flow (FCF) of over 40%. This helps offset the company's annual revenue growth that at around 14% is less than some analysts may prefer. * 7 Dental Stocks to Buy for Long-Term Gains And as the economy begins to reopen, Qualys has minimal exposure to three segments (retail, hospitality, and travel) that look like they may lag behind other industries. Splunk (SPLK)Source: Michael Vi / Shutterstock.com At first glance, Splunk doesn't look like it belongs in the category of cybersecurity stocks. Its main function is to help customers analyze data and generate solutions based on that analysis. But that data still needs to be protected, and Splunk has been producing data-driven cybersecurity solutions since 2018. As Luke Lango recently cited, one of Splunk's most notable additions is Slack (NYSE:WORK).That addition makes Splunk a relevant player in the work from home movement, which should be a catalyst for growth in the near future. Despite multiple years of more than 25% in revenue growth, Splunk is not yet profitable. But that shouldn't deter investors. The company is forecasting continued sales growth of over 20% over the next few years. As it does, Splunk's high margins should also increase.By including cybersecurity within its existing portfolio of products, Splunk will be able to hold its own as the cybersecurity sector is likely to undergo consolidation in the near-term. SPLK stock is up over 20% this year and has nearly doubled since the March selloff. Okta (OKTA)Source: Lori Butcher / Shutterstock.com I get excited about OKTA stock because I appreciate the simple elegance of their cybersecurity solution. The limitation of many cloud-based security systems is that they treat the company's entire ecosystem as a fortress. The problem is that if the company's ecosystem is a lock, then its employees are the key. In a world where work-from-home figures to be the new normal, security gets challenging when the lock and the key are separated.That's where Okta comes in. The company has a solution that essentially makes each employee part of the ecosystem. Wherever they go, they carry their security with them. Okta also crushed its last earnings report. OKTA stock is responding accordingly, climbing about 60% in 2020.If there is any question about investing in Okta, it would be a concern that the company gave a rather conservative estimate for full-year revenue after blowing through their first-quarter revenue expectations. In an earnings season where many companies have pulled full-year guidance, I'm willing to give the company a pass. Any recovery will seem to be U-shaped at best, so a more conservative forecast may be for the best.Chris Markoch is a freelance financial copywriter who has been covering the market for over five years. He has been writing for InvestorPlace since 2019. As of this writing, Chris Markoch did not hold a position in any of the aforementioned securities. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * Top Stock Picker Reveals His Next 1,000% Winner * The 1 Stock All Retirees Must Own * Look What America's Richest Family Is Investing in Now The post 6 Cybersecurity Stocks Keeping Your Data Safe appeared first on InvestorPlace.
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Why Palo Alto Networks Shares Rose 20% Last Month
Shares of Palo Alto Networks (NYSE: PANW) gained 19.7% in May, according to data from S&P Global Market Intelligence. The network security specialist closed out the month with a fantastic third-quarter earnings report. Palo Alto reported Q3 earnings of $1.17 per share on $869 million in sales, far ahead of Wall Street's estimates of $0.93 per share and $829 million, respectively.
