Palo Alto Networks Inc (PANW) concluded trading on Wednesday at a closing price of $392.89, with 5.25 million shares of worth about $2.06 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 27.32% during that period and on November 20, 2024 the price saw a gain of about 1.24%. Currently the company’s common shares owned by public are about 325.10M shares, out of which, 324.22M shares are available for trading.
Stock saw a price change of -2.35% in past 5 days and over the past one month there was a price change of 4.46%. Year-to-date (YTD), PANW shares are showing a performance of 33.24% which increased to 50.78% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $249.56 but also hit the highest price of $408.53 during that period. The average intraday trading volume for Palo Alto Networks Inc shares is 2.49 million. The stock is currently trading 3.67% above its 20-day simple moving average (SMA20), while that difference is up 8.37% for SMA50 and it goes to 20.53% 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 77.88% of that.
The stock has a current market capitalization of $128.57B and its 3Y-monthly beta is at 1.13. PE ratio of stock for trailing 12 months is 54.28, while it has posted earnings per share of $7.24 in the same period. Its PEG reads 2.29 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 2.10% while standing at 2.36% over the month.
Stock’s fiscal year EPS is expected to rise by 10.70% while it is estimated to increase by 14.97% 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 Cantor Fitzgerald on October 31, 2024 offering an Overweight rating for the stock and assigned a target price range of between $400 and $415 to it. Coverage by Exane BNP Paribas stated Palo Alto Networks Inc (PANW) stock as an Outperform in their note to investors on October 08, 2024, suggesting a price target of $410 for the stock. On July 18, 2024, Redburn Atlantic Downgrade their recommendations, while on June 21, 2024, DA Davidson Initiated their ratings for the stock with a price target of $380. Stock get an Outperform rating from Daiwa Securities on May 29, 2024.
