PANW Stock Summary and Trading Ideas (Palo Alto Networks | NASDAQ:PANW)

Palo Alto Networks is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, and security operations. The California-based firm has more than 80,000 enterprise customers across the world, including more than three fourths of the Global 2000.

Palo Alto Networks trades on the NASDAQ stock market under the symbol PANW.

As of November 22, 2024, PANW stock price declined to $383.36 with 5,748,856 million shares trading.

PANW has a beta of 1.18, meaning it tends to be more sensitive to market movements. PANW has a correlation of 0.11 to the broad based SPY ETF.

PANW has a market cap of $125.78 billion. This is considered a Large Cap stock.

Last quarter Palo Alto Networks reported $2 billion in Revenue and $1.56 earnings per share. This beat revenue expectation by $19 million and exceeded earnings estimates by $.08.

In the last 3 years, PANW traded as high as $408.53 and as low as $132.22.

The top ETF exchange traded funds that PANW belongs to (by Net Assets): VTI, VOO, QQQ, SPY, IVV.

PANW has outperformed the market in the last year with a return of +45.7%, while the SPY ETF gained +32.4%. In the last 3 month period, PANW beat the market returning +9.7%, while SPY returned +7.4%. However, in the most recent 2 weeks PANW has underperformed the stock market by returning -2.1%, while SPY returned -0.4%.

PANW support price is $390.40 and resistance is $405.00 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PANW shares will trade within this expected range on the day.