Palo Alto Networks, Inc. (PANW) Monthly Stock Report
Publication Date: September 22, 2024
Company Overview
Palo Alto Networks, Inc. (PANW) is a leading cybersecurity technology company headquartered in Santa Clara, California. Established in 2005, the firm specializes in offering a wide array of cybersecurity solutions on a global scale. Its product suite includes advanced network security platforms like Prisma Access and Strata Cloud Manager, as well as cloud-native applications through Prisma Cloud. Notably, Palo Alto Networks has established itself as a frontrunner in the cybersecurity software industry with its AI-driven Cortex platform. The company serves a diverse range of clients, including large enterprises and government entities, positioning itself as a key player in the software infrastructure segment of the technology sector.
Financial Outlook
Palo Alto Networks currently boasts a robust financial outlook, with a “buy” recommendation reflecting significant investor confidence. As of now, the company’s stock is trading at $340.12, markedly less than the target high price of $445.00 set by analysts, which signifies considerable anticipated growth potential. The company reported total revenue of approximately $8.03 billion, underlining its solid financial foundation. Additionally, of the 325.6 million shares outstanding, 10.8 million are sold short, indicating a moderate level of bearish sentiment, with about 3.35% of total shares shorted. The float shares available for public trading stand at 322.4 million, illustrating the company’s active trading position within the market.
Stock Performance Insights
Recent analysis reveals a spectrum of target pricing for Palo Alto Networks, with estimates ranging from a low of $276.00 to a high of $445.00, establishing a mean target price of $380.57. With a median target price slightly higher at $390.00, this variance reflects diverse expectations among analysts, yet the prevailing sentiment remains bullish, indicated by a mean recommendation score of 2.1 from 46 analysts. Noteworthy is the current price’s position relative to historical performance; it is situated above the fifty-day moving average of $335.87, confirming a positive short-term trend. Over the past year, the stock hit a high of $380.84 and a low of $224.64—demonstrating a favorable upward trajectory, which should encourage potential investors to consider this opportunity in the ever-evolving cybersecurity landscape.
| Metric | Value |
|---|---|
| Market Cap | $110.7b |
| Total Debt | $1.4b |
| Total Cash | $2.6b |
| Shares Outstanding | 325.6m |
| Float Shares | 322.4m |
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