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Friday, September 29, 2023

There’s No Need To Panic Or Freeze When It Comes To 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 intact, with the stock’s consolidated last price rising by $0.19, or 0.08%, to $245.40. The Palo Alto Networks Inc. has recorded 70,650 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Palo Alto Networks Cements Position in Taiwan With New Local Cloud Infrastructure Investment.

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Stocks Info

The company is listed on the NASDAQ and operates within the Software – Infrastructure industry segment. At the end of the last regular session, the stock closed at $245.21 and fluctuated between $245.93 as its day high and $242.72 as its day low. The current market capitalization of Palo Alto Networks Inc. is $75.18B. A total of 1.97 million shares were traded on the day, compared to an average of 5.96M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, PANW has seen 4 BUY and 36 SELL insider trades, representing the acquisition of 568,921 and the disposition of 796,129 shares. Over the last 12 months, there were 18 BUYs and 173 SELLs from insiders. Insiders purchased 902,977 shares during that period but sold 2,186,070.

In the most recent transaction, Klarich Lee sold 45,000 shares of PANW for 242.04 per share on Sep 01. After the transaction, the EVP, Chief Product Officer now owns 177,213 company shares. In a previous transaction on Sep 01, ZUK NIR sold 36,000 shares at 241.99 per share. PANW shares that EVP, Chief Technology Officer owns now total 1,558,898.

Among the insiders who sold shares, Paul Josh D. disposed of 325 shares on Sep 01 at a per-share price of $242.88. This resulted in the Chief Accounting Officer holding 31,519 shares of PANW after the transaction. In another insider transaction, Golechha Dipak sold 2,000 shares at $239.58 per share on Aug 31. Company shares held by the EVP, Chief Financial Officer now total 65,769.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for PANW in the last 3 months, the mean price target is $277.05 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 $1.16 per share for the current quarter. EPS was calculated based on a consensus of 34 estimates, with a high estimate of $1.19 per share and a lower estimate of $1.15. The company reported an EPS of $1.1 in the last quarter, which was 18.30% higher than expectations of $0.93.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. 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

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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 4.73.

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