Within the newest buying and selling session, Palo Alto Networks (PANW) closed at $501.37, marking a -0.07% transfer from the day before today. This modification was narrower than the S&P 500’s each day lack of 0.16%. On the similar time, the Dow added 0.23%, and the tech-heavy Nasdaq gained 0.09%.
Previous to at this time’s buying and selling, shares of the safety software program maker had misplaced 3.01% over the previous month. This has lagged the Pc and Know-how sector’s achieve of 12.8% and the S&P 500’s achieve of 8.67% in that point.
Wall Avenue will probably be in search of positivity from Palo Alto Networks because it approaches its subsequent earnings report date. That is anticipated to be August 22, 2022. In that report, analysts count on Palo Alto Networks to submit earnings of $2.28 per share. This is able to mark year-over-year progress of 42.5%. In the meantime, the Zacks Consensus Estimate for income is projecting web gross sales of $1.54 billion, up 26.65% from the year-ago interval.
Traders may also discover latest modifications to analyst estimates for Palo Alto Networks. Latest revisions are likely to replicate the most recent near-term enterprise developments. Consequently, we will interpret constructive estimate revisions as signal for the corporate’s enterprise outlook.
Analysis signifies that these estimate revisions are straight correlated with near-term share worth momentum. To profit from this, now we have developed the Zacks Rank, a proprietary mannequin which takes these estimate modifications into consideration and gives an actionable ranking system.
The Zacks Rank system ranges from #1 (Robust Purchase) to #5 (Robust Promote). It has a outstanding, outside-audited observe report of success, with #1 shares delivering a mean annual return of +25% since 1988. Inside the previous 30 days, our consensus EPS projection stays stagnant. Palo Alto Networks at present has a Zacks Rank of #2 (Purchase).
Taking a look at its valuation, Palo Alto Networks is holding a Ahead P/E ratio of 54.14. Its trade sports activities a mean Ahead P/E of 51.62, so we one may conclude that Palo Alto Networks is buying and selling at a premium comparatively.
Additionally, we must always point out that PANW has a PEG ratio of 1.72. The PEG ratio is much like the widely-used P/E ratio, however this metric additionally takes the corporate’s anticipated earnings progress price into consideration. PANW’s trade had a mean PEG ratio of two.56 as of yesterday’s shut.
The Safety trade is a part of the Pc and Know-how sector. This group has a Zacks Trade Rank of 95, placing it within the high 38% of all 250+ industries.
The Zacks Trade Rank contains is listed so as from greatest to worst by way of the common Zacks Rank of the person corporations inside every of those sectors. Our analysis exhibits that the highest 50% rated industries outperform the underside half by an element of two to 1.
You will discover extra info on all of those metrics, and rather more, on Zacks.com.
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Palo Alto Networks, Inc. (PANW) : Free Inventory Evaluation Report
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