After Hours
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Earlier, Yahoo Finance discussed this stock as it revealed Palo Alto Networks Recognized as a Leader in the 2023 Gartner® Magic Quadrant™ for Endpoint Protection Platforms.
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Stocks Info
PANW belongs to the Technology sector of the NASDAQ while operating in the Software – Infrastructure industry. At the end of the last regular session, the stock closed at $332.05 and fluctuated between $333.30 as its day high and $325.55 as its day low. The current market capitalization of Palo Alto Networks Inc is $104.70B. A total of 3.75 million shares were traded on the day, compared to an average of 4.11M shares.
Insider Activity
Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, PANW has seen 6 BUY and 18 SELL insider trades, representing the acquisition of 335,603 and the disposition of 359,200 shares. Over the last 12 months, there were 17 BUYs and 161 SELLs from insiders. Insiders purchased 1,219,524 shares during that period but sold 2,101,631.
In the most recent transaction, Donovan John sold 8,100 shares of PANW for 330.04 per share on Jan 16. After the transaction, the Director now owns 30,352 company shares. In a previous transaction on Jan 12, Donovan John sold 7,000 shares at 330.03 per share. PANW shares that Director owns now total 33,352.
Among the insiders who sold shares, Donovan John disposed of 15,100 shares on Jan 09 at a per-share price of $300.07. This resulted in the Director holding 36,852 shares of PANW after the transaction. In another insider transaction, Donovan John sold 20,136 shares at $288.57 per share on Jan 08. Company shares held by the Director now total 43,352.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for PANW in the last 3 months, the mean price target is $310.13 with high estimates of $400.00 and low estimates of $241.00. In terms of 52-week highs and lows, PANW has a high of $330.40 and a low of $134.54.
As of this writing, PANW has an earnings estimate of $1.3 per share for the current quarter. EPS was calculated based on a consensus of 38 estimates, with a high estimate of $1.41 per share and a lower estimate of $1.2. The company reported an EPS of $1.44 in the last quarter, which was 12.50% higher than expectations of $1.28.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $6.92, while its Total Shareholder’s Equity was $763.60M.
Analysts Opinion
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. 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 4.69.
