Palo Alto Networks Inc (PANW) concluded trading on Thursday at a closing price of $384.37, with 4.62 million shares of worth about $1.78 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 31.10% during that period and on November 28, 2024 the price saw a loss of about -3.03%. Currently the company’s common shares owned by public are about 325.10M shares, out of which, 325.07M shares are available for trading.
Stock saw a price change of -2.17% in past 5 days and over the past one month there was a price change of 5.19%. Year-to-date (YTD), PANW shares are showing a performance of 30.35% which increased to 38.35% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $260.09 but also hit the highest price of $408.53 during that period. The average intraday trading volume for Palo Alto Networks Inc shares is 2.46 million. The stock is currently trading -0.29% below its 20-day simple moving average (SMA20), while that difference is up 4.62% for SMA50 and it goes to 17.74% 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 77.69% of that.
The stock has a current market capitalization of $122.28B and its 3Y-monthly beta is at 1.13. PE ratio of stock for trailing 12 months is 50.10, while it has posted earnings per share of $7.67 in the same period. Its PEG reads 2.11 and has Quick Ratio of 0.79 while making debt-to-equity ratio of 0.17. 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 3.94% while standing at 2.68% over the month.
Stock’s fiscal year EPS is expected to rise by 11.97% while it is estimated to increase by 14.29% 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 HSBC Securities on November 22, 2024 offering a Reduce rating for the stock and assigned a target price range of between $304 and $291 to it. Coverage by Rosenblatt stated Palo Alto Networks Inc (PANW) stock as a Buy in their note to investors on November 21, 2024, suggesting a price target of $430 for the stock. On November 21, 2024, Wells Fargo Reiterated their recommendations, while on November 21, 2024, Susquehanna Reiterated their ratings for the stock with a price target of $435. Stock get an Outperform rating from Robert W. Baird on November 21, 2024.
