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. The stock was recently discussed on Yahoo Finance as it revealed that Palo Alto Networks Recognized as a Leader in the 2023 Gartner® Magic Quadrant™ for Endpoint Protection Platforms.
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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 $345.65 and fluctuated between $350.59 as its day high and $342.45 as its day low. The current market capitalization of Palo Alto Networks Inc is $108.98B. A total of 3.49 million shares were traded on the day, compared to an average of 4.17M 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 1 BUY and 14 SELL insider trades, representing the acquisition of 45,000 and the disposition of 81,250 shares. Over the last 12 months, there were 17 BUYs and 159 SELLs from insiders. Insiders purchased 1,219,524 shares during that period but sold 2,040,882.
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.
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 $318.25 with high estimates of $402.00 and low estimates of $241.00. In terms of 52-week highs and lows, PANW has a high of $340.40 and a low of $142.61.
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 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 $6.92, 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 4.70.
