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Wednesday, February 1, 2023

Is Palo Alto Networks Inc. (NASDAQ: PANW) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Palo Alto Networks Inc. (PANW) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.21, or -0.15%, to $136.50. The Palo Alto Networks Inc. has recorded 73,764 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Palo Alto Networks Positioned as a Leader in 2022 Gartner® Magic Quadrant™ for Network Firewalls for the 11th Consecutive Year.

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Stocks Info

This NASDAQ-listed company operates within the Software – Infrastructure industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $136.71 and fluctuated between $137.25 as its day high and $134.00 as its day low. The current market capitalization of Palo Alto Networks Inc. is $41.41B. A total of 3.22 million shares were traded on the day, compared to an average of 4.29M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, PANW has seen 8 BUY and 41 SELL insider trades, representing the acquisition of 64,056 and the disposition of 404,116 shares. Over the last 12 months, there were 9 BUYs and 248 SELLs from insiders. Insiders purchased 65,964 shares during that period but sold 869,972.

In the most recent transaction, Klarich Lee sold 15,639 shares of PANW for 135.88 per share on Jan 10. After the transaction, the EVP, Chief Product Officer now owns 619,266 company shares. In a previous transaction on Jan 03, ZUK NIR sold 26,625 shares at 138.46 per share. PANW shares that EVP, Chief Technology Officer owns now total 1,882,898.

Among the insiders who sold shares, Klarich Lee disposed of 15,000 shares on Dec 13 at a per-share price of $166.74. This resulted in the EVP, Chief Product Officer holding 634,905 shares of PANW after the transaction. In another insider transaction, GOETZ JAMES J sold 50,000 shares at $159.66 per share on Dec 09. Company shares held by the Director now total 157,290.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for PANW in the last 3 months, the mean price target is $213.59 with high estimates of $268.00 and low estimates of $170.00. In terms of 52-week highs and lows, PANW has a high of $213.63 and a low of $132.70.

As of this writing, PANW has an earnings estimate of $0.69 per share for the current quarter. EPS was calculated based on a consensus of 33 estimates, with a high estimate of $0.84 per share and a lower estimate of $0.66. The company reported an EPS of $0.6 in the last quarter, which was 7.10% higher than expectations of $0.56.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 42 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PANW is Sell with a score of 4.75. A total of 34 analysts rated the stock as Buy while 4 rated it as Overweight while 4 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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