Could Palo Alto Networks Inc (PANW) stock price achieve new all-time highs if its expected earnings and revenue increase?

In yesterday’s Wall Street session, Palo Alto Networks Inc (NASDAQ:PANW) shares traded at $242.30, down -5.42% from the previous session.

As of this writing, 46 analysts cover Palo Alto Networks Inc (NASDAQ:PANW). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $340.00 and a low of $241.00, we find $280.50. Given the previous closing price of $256.18, this indicates a potential upside of 9.49 percent. PANW stock price is now -0.97% away from the 50-day moving average and 11.09% away from the 200-day moving average. The market capitalization of the company currently stands at $75.31B.

There are 7 analysts who have given it a hold rating, whereas 35 have given it a buy rating. Brokers who have rated the stock have averaged $283.83 as their price target over the next twelve months.

In other news, Klarich Lee, EVP, Chief Product Officer sold 45,000 shares of the company’s stock on Nov 03. The stock was sold for $10,956,386 at an average price of $243.48. Upon completion of the transaction, the EVP, Chief Product Officer now directly owns 185,217 shares in the company, valued at $44.88 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 01, EVP, Chief Technology Officer ZUK NIR sold 36,000 shares of the business’s stock. A total of $8,749,741 was realized by selling the stock at an average price of $243.05. This leaves the insider owning 1,511,567 shares of the company worth $366.25 million. Insiders disposed of 2,041,001 shares of company stock worth roughly $494.53 million over the past 1 year. A total of 1.49% of the company’s stock is owned by insiders.

Thursday morning saw Palo Alto Networks Inc (NASDAQ: PANW) opened at $239.99. During the past 12 months, Palo Alto Networks Inc has had a low of $132.22 and a high of $265.90. As of last week, the company has a debt-to-equity ratio of 1.02, a current ratio of 0.82, and a quick ratio of 0.74. According to the stock market information, the enterprise value for the company is $79.53B, which is based on a 136.97 price-to-earnings ratio, a 5.11 price-to-earnings-growth ratio, and a beta of 1.11. The fifty day moving average price for PANW is $244.68 and a two-hundred day moving average price translates $218.10 for the stock.

The latest earnings results from Palo Alto Networks Inc (NASDAQ: PANW) was released for Oct, 2023. According to the Software – Infrastructure Company, earnings per share came in at $1.38, beating analysts’ expectations of $1.16 by 0.22. This compares to $0.01 EPS in the same period last year. The net profit margin was 8.52% and return on equity was 45.84% for PANW. The company reported revenue of $1.95 billion for the quarter, compared to $1.55 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 25.98 percent. For the current quarter, analysts expect PANW to generate $1.97B in revenue.

Palo Alto Networks Inc(PANW) Company Profile

Palo Alto Networks, Inc. provides cybersecurity solutions worldwide. The company offers firewall appliances and software; and Panorama, a security management solution for the global control of network security platform as a virtual or a physical appliance. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention. In addition, the company offers cloud security, secure access, security operations, and threat intelligence and security consulting; professional services, including architecture design and planning, implementation, configuration, and firewall migration; education services, such as certifications, as well as online and in-classroom training; and support services. It sells its products and services through its channel partners, as well as directly to medium to large enterprises, service providers, and government entities operating in various industries, including education, energy, financial services, government entities, healthcare, Internet and media, manufacturing, public sector, and telecommunications. Palo Alto Networks, Inc. was incorporated in 2005 and is headquartered in Santa Clara, California.