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Friday, September 29, 2023

The Question Is Whether To Buy Or Not To Buy Palo Alto Networks Inc. (NASDAQ: PANW)

After Hours

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. After-hours trades for Palo Alto Networks Inc. (PANW) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $243.30. The Palo Alto Networks Inc. has recorded 340,366 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Palo Alto Networks Wins Three 2023 Google Cloud Partner of the Year Awards for Security.

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Stocks Info

Palo Alto Networks Inc. is listed on the NASDAQ as a member of the Technology sector and is a part of the Software – Infrastructure industry. At the end of the last regular session, the stock closed at $243.30 and fluctuated between $243.76 as its day high and $239.58 as its day low. The current market capitalization of Palo Alto Networks Inc. is $73.35B. A total of 3.76 million shares were traded on the day, compared to an average of 6.19M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, PANW has seen 4 BUY and 43 SELL insider trades, representing the acquisition of 609,300 and the disposition of 845,681 shares. Over the last 12 months, there were 17 BUYs and 179 SELLs from insiders. Insiders purchased 898,356 shares during that period but sold 2,167,732.

In the most recent transaction, Bawa Aparna sold 721 shares of PANW for 236.75 per share on Aug 23. After the transaction, the Director now owns 3,244 company shares. In a previous transaction on Aug 22, Eschenbach Carl M. sold 7,482 shares at 237.00 per share. PANW shares that Director owns now total 16,960.

Among the insiders who sold shares, Klarich Lee disposed of 45,000 shares on Aug 07 at a per-share price of $215.17. This resulted in the EVP, Chief Product Officer holding 177,213 shares of PANW after the transaction. In another insider transaction, ZUK NIR sold 36,000 shares at $251.85 per share on Aug 01. Company shares held by the EVP, Chief Technology Officer now total 1,594,898.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for PANW in the last 3 months, the mean price target is $275.79 with high estimates of $340.00 and low estimates of $225.00. In terms of 52-week highs and lows, PANW has a high of $258.88 and a low of $132.22.

As of this writing, PANW has an earnings estimate of $PacWest Bancorp per share for the current quarter. EPS was calculated based on a consensus of Palo Alto Networks, Inc. estimates, with a high estimate of $Pangaea Logistics Solutions Ltd per share and a lower estimate of $Pinnacle West Capital Corporati.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. PANW’s latest balance sheet shows that the firm has $2.90B in Cash & Short Term Investments as of fiscal 2021. There were $3.54B in debt and $5.12B in liabilities at the time. Its Book Value Per Share was $4.06, while its Total Shareholder’s Equity was $763.60M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 4.72.

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