Palo Alto Networks Inc (PANW) concluded trading on Thursday at a closing price of $369.40, with 2.22 million shares of worth about $821.71 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 30.13% during that period and on October 10, 2024 the price saw a gain of about 1.80%. Currently the company’s common shares owned by public are about 325.10M shares, out of which, 321.94M shares are available for trading.
Stock saw a price change of 9.96% in past 5 days and over the past one month there was a price change of 8.08%. Year-to-date (YTD), PANW shares are showing a performance of 25.27% which increased to 43.86% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $233.81 but also hit the highest price of $380.84 during that period. The average intraday trading volume for Palo Alto Networks Inc shares is 2.87 million. The stock is currently trading 7.95% above its 20-day simple moving average (SMA20), while that difference is up 8.68% for SMA50 and it goes to 16.18% higher than SMA200.
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Palo Alto Networks Inc (NASDAQ: PANW) currently have 325.10M outstanding shares and institutions hold larger chunk of about 78.08% of that.
The stock has a current market capitalization of $120.28B and its 3Y-monthly beta is at 1.12. PE ratio of stock for trailing 12 months is 51.03, while it has posted earnings per share of $7.24 in the same period. Its PEG reads 2.15 and has Quick Ratio of 0.84 while making debt-to-equity ratio of 0.27. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PANW, volatility over the week remained 2.68% while standing at 2.51% over the month.
Stock’s fiscal year EPS is expected to rise by 10.58% while it is estimated to increase by 14.85% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Exane BNP Paribas on October 08, 2024 offering an Outperform rating for the stock and assigned a target price of $410 to it. Coverage by Redburn Atlantic stated Palo Alto Networks Inc (PANW) stock as a Neutral in their note to investors on July 18, 2024, suggesting a price target of $325 for the stock. On June 21, 2024, DA Davidson Initiated their recommendations, while on May 29, 2024, Daiwa Securities Initiated their ratings for the stock with a price target of $350. Stock get a Neutral rating from Rosenblatt on February 21, 2024.
