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Palo Alto Networks (PANW, $342.68) beats fiscal Q3 earnings estimates; boosts full-year outlook
Palo Alto Networks, Inc. posted earnings that surpassed analysts’ expectations. The cybersecurity company also boosted its guidance for the year.
The company’s fiscal third-quarter non-GAAP earnings came in $1.39 per share, compared to the $1.29 a share expected by analysts polled by FactSet. Earnings were $1.17 a share in the year-ago quarter.
Revenue of $1.1 billion was in line with analysts’ expectations. The company generated revenue of $869.4 million in the year-ago quarter.
Palo Alto Networks is expecting fiscal fourth-quarter revenue in the range of $1.165 billion to $1.175 billion and diluted non-GAAP net income per share of $1.42 to $1.44. Analysts had expected $1.41 a share on revenue of $1.16 billion. The company expects billings of $1.7 billion to $1.72 billion, while analysts had predicted $1.62 billion.
For the full fiscal year, the company raised its outlook on revenue to $4.2 billion to $4.21 billion and diluted non-GAAP net income per share of $5.97 to $5.99. Analysts expect $5.86 a share on revenue of $4.18 billion. The company also projects billings of $5.28 billion to $5.30 billion, while analysts forecast $5.16 billion.
PANW's RSI Indicator climbs out of oversold territory
The RSI Indicator for PANW moved out of oversold territory on May 20, 2022. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 21 similar instances when the indicator left oversold territory. In 19 of the 21 cases the stock moved higher. This puts the odds of a move higher at 90%.
Current price $502.09 crossed the resistance line at $587.70 and is trading between $587.70 resistance and $412.43 support lines. Throughout the month of 04/26/22 - 05/26/22, the price experienced a -14% Downtrend, while the week of 05/19/22 - 05/26/22 shows a +15% Uptrend.
The Momentum Indicator moved above the 0 level on May 25, 2022. You may want to consider a long position or call options on PANW as a result. In 63 of 76 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 83%.
The Moving Average Convergence Divergence (MACD) for PANW just turned positive on May 24, 2022. Looking at past instances where PANW's MACD turned positive, the stock continued to rise in 30 of 43 cases over the following month. The odds of a continued upward trend are 70%.
Following a +14.64% 3-day Advance, the price is estimated to grow further. Considering data from situations where PANW advanced for three days, in 260 of 354 cases, the price rose further within the following month. The odds of a continued upward trend are 73%.
PANW may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Stochastic Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
PANW moved below its 50-day Moving Average on April 29, 2022 date and that indicates a change from an upward trend to a downward trend.
The 10-day Moving Average for PANW crossed bearishly below the 50-day moving average on May 03, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 3 of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 23%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PANW declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 55%.
The Aroon Indicator for PANW entered a downward trend on May 26, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 49%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.37.
The Tickeron Profit vs. Risk Rating rating for this company is 7 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock better than average.
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is 57 (best 1 - 100 worst), indicating steady price growth. PANW’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of 97 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: PANW's P/B Ratio (149.254) is slightly higher than the industry average of (15.782). P/E Ratio (0.000) is within average values for comparable stocks, (151.538). Projected Growth (PEG Ratio) (1.786) is also within normal values, averaging (4.540). Dividend Yield (0.000) settles around the average of (0.027) among similar stocks. P/S Ratio (9.515) is also within normal values, averaging (101.100).
The Tickeron SMR rating for this company is 98 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is 100 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.
The average market capitalization across the Packaged Software Industry is 6.1B. The market cap for tickers in the group ranges from 580 to 2T. MSFT holds the highest valuation in this group at 2T. The lowest valued company is NANN at 580.
The average weekly price growth across all stocks in the Packaged Software Industry was 0.84%. For the same Industry, the average monthly price growth was -12.47%, and the average quarterly price growth was -21.21%. GTSWF experienced the highest price growth at 400%, while BLVDF experienced the biggest fall at -80.08%.
- 4/22/22 6:40 AM: Palo Alto Networks (PANW, $592) was a top loser this week, declining -5.55%
- 3/29/22 5:17 AM: Palo Alto Networks (PANW, $625.25) was a top weekly gainer, with a +8.32% jump. Expect an Uptrend continuation
- 3/19/22 4:49 AM: Palo Alto Networks (PANW, $577.02) was a top weekly gainer, with a +5.68% jump
The average weekly volume growth across all stocks in the Packaged Software Industry was -1.46%. For the same stocks of the Industry, the average monthly volume growth was 18.47% and the average quarterly volume growth was 88.06%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the Aroon Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 27%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.18.
15 stocks in the group of tickers confirmed the negative outlook based on the Declines indicator with average odds of 73%.
The most notable companies in this group are Palo Alto Networks (NYSE:PANW), Arista Networks (NYSE:ANET).
The average market capitalization across the group is 7.1B. The market cap for tickers in the group ranges from 11.8K to 50B. PANW holds the highest valuation in this group at 50B. The lowest valued company is VTEQ at 11.8K.
The average weekly price growth across all stocks in the group was 0.28%. For the same group, the average monthly price growth was -3.55%, and the average quarterly price growth was -34.92%. INTZ experienced the highest price growth at 17.05%, while TRCK experienced the biggest fall at -25%.
- 5/20/22 5:28 AM: Intrusion (INTZ, $2.58) is a top weekly gainer for penny stocks, rising +29%
- 5/19/22 8:23 AM: Falconstor Software (FALC, $1.08) was a top weekly gainer, with a +20% jump. Expect an Uptrend reversal
- 5/18/22 5:18 AM: Franklin Wireless (FKWL, $3.86) is a top weekly gainer for penny stocks, rising +16.44%
The average weekly volume growth across all stocks in the group was 51.3%. For the same stocks of the group, the average monthly volume growth was 99.77% and the average quarterly volume growth was 188.03%
- 4/15/22 4:33 AM: The volume for Allot stock increased for one day, resulting in a record-breaking daily growth of 396% of the 65-Day Volume Moving Average
- 4/13/22 8:10 AM: The volume for Universal Security Instruments stock increased for one day, resulting in a record-breaking daily growth of 664% of the 65-Day Volume Moving Average
- 4/1/22 8:43 AM: The volume for Minim stock increased for one day, resulting in a record-breaking daily growth of 530% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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