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May 21, 2022

Palo Alto (PANW, $478.68) beats Zacks Consensus Estimates

Palo Alto Networks posted its third-quarter fiscal 2022 results, where earnings grew year-over-year and also surpassed Zacks Consensus Estimates. Revenues, too, topped expectations.

The cybersecurity company’s non-GAAP earnings rose +29.7% from the year-ago quarter to  $1.79 per share, well above the Zacks Consensus Estimate of $1.67.

Palo Alto’s fiscal third-quarter revenues of $1.39 billion also surpassed the Zacks Consensus Estimate of $1.36 billion. The top line is +29% higher from the year-ago quarter.  

Revenues from the company’s Product segment surged +22% year over year to $351.5 million (25.3% of total revenues). Subscription and support revenues grew +31.9% year over year to $1035.2 million (74.7% of total revenues).

Billings grew +40% to $1.80 billion.

Looking ahead, the company now projects fiscal 2022 revenues of $5.481-$5.501 billion, thereby implying growth of around 29% from the fiscal 2021. In its prior forecast,  the expectation was  $5.425 billion - $5.475 billion, which indicated year-over-year growth of 27-29%.

Total billings projection is now $7.106-$7.136 billion for fiscal 2022, indicating year-over-year increase of 30-31%. Prior estimates from the company was in the  range of $6.80-$6.85 billion, implying a 25-26% increase from the year-ago quarter.

The company boosted its non-GAAP earnings forecast range to $7.43-$7.46 per share, vs. prior forecast of  $7.23-$7.30 per share

It reaffirmed  non-GAAP adjusted free cash flow margin forecast of  32-33%.

 

Related Ticker: PANW

Momentum Indicator for PANW turns negative, indicating new downward trend

PANW saw its Momentum Indicator move below the 0 level on February 21, 2024. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 79 similar instances where the indicator turned negative. In of the 79 cases, the stock moved further down in the following days. The odds of a decline are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for PANW turned negative on February 16, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 39 similar instances when the indicator turned negative. In of the 39 cases the stock turned lower in the days that followed. This puts the odds of success at .

PANW moved below its 50-day moving average on February 21, 2024 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 February 28, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 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 .

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 of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where PANW's RSI Indicator exited the oversold zone, of 24 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 48 cases where PANW's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PANW advanced for three days, in of 365 cases, the price rose further within the following month. The odds of a continued upward trend are .

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 Aroon Indicator entered an Uptrend today. In of 314 cases where PANW Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (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 SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable 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 Price Growth Rating for this company is (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 Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly overvalued 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 Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly 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: P/B Ratio (22.222) is normal, around the industry mean (28.907). P/E Ratio (46.353) is within average values for comparable stocks, (145.090). Projected Growth (PEG Ratio) (1.442) is also within normal values, averaging (2.860). Dividend Yield (0.000) settles around the average of (0.088) among similar stocks. P/S Ratio (13.986) is also within normal values, averaging (74.759).

The Tickeron PE Growth Rating for this company is (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.

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Oracle Corp (NYSE:ORCL), Salesforce (NYSE:CRM), Adobe (NASDAQ:ADBE), Intuit (NASDAQ:INTU), Uber Technologies (NYSE:UBER), SERVICENOW (NYSE:NOW), Shopify (NYSE:SHOP), Palo Alto Networks (NASDAQ:PANW), Workday (NASDAQ:WDAY).

Industry description

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.

Market Cap

The average market capitalization across the Packaged Software Industry is 10.35B. The market cap for tickers in the group ranges from 291 to 3.09T. MSFT holds the highest valuation in this group at 3.09T. The lowest valued company is BLGI at 291.

High and low price notable news

The average weekly price growth across all stocks in the Packaged Software Industry was 2%. For the same Industry, the average monthly price growth was 6%, and the average quarterly price growth was 2%. YQAI experienced the highest price growth at 250%, while RADLF experienced the biggest fall at -80%.

Volume

The average weekly volume growth across all stocks in the Packaged Software Industry was -9%. For the same stocks of the Industry, the average monthly volume growth was 50% and the average quarterly volume growth was 41%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 75
Price Growth Rating: 53
SMR Rating: 83
Profit Risk Rating: 88
Seasonality Score: 2 (-100 ... +100)
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PANWDaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a provider of network security solutions

Industry PackagedSoftware

Profile
Fundamentals
Details
Industry
Computer Communications
Address
3000 Tannery Way
Phone
+1 408 753-4000
Employees
13948
Web
https://www.paloaltonetworks.com
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PANW and

Correlation & Price change

A.I.dvisor indicates that over the last year, PANW has been loosely correlated with CRWD. These tickers have moved in lockstep 61% of the time. This A.I.-generated data suggests there is some statistical probability that if PANW jumps, then CRWD could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To PANW
1D Price
Change %
PANW100%
-0.98%
CRWD - PANW
61%
Loosely correlated
-0.28%
ZS - PANW
58%
Loosely correlated
-2.29%
COIN - PANW
47%
Loosely correlated
+11.13%
CLSK - PANW
45%
Loosely correlated
-7.83%
RIOT - PANW
45%
Loosely correlated
-6.65%
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