How to Buy Palo Alto Networks Stock
Palo Alto Networks Inc
Palo Alto Networks, Inc. provides cybersecurity solutions worldwide. The company offers firewall appliances and software; Panorama, a security management solution for the control of firewall appliances and software deployed on an end-customer's network and instances in public or private cloud environments, as a virtual or a physical appliance; and virtual system upgrades, which are available as extensions to the virtual system capacity that ships with physical appliances.
Palo Alto Networks stock last closed at $281.14, up 1.37% from the previous day, and has increased 40.57% in one year. It has overperformed other stocks in the Software - Infrastructure industry by 0.29 percentage points. Palo Alto Networks stock is currently +59.46% from its 52-week low of $176.30, and -26.18% from its 52-week high of $380.84.
At the moment, there are 323.1M PANW shares outstanding. The market value of PANW is $90.84B. In the last 24 hours, 3.85M PANW shares were traded.
How to Buy Palo Alto Networks Stock
Not sure how to invest in Palo Alto Networks stock? Here's how.
- Decide where to buy Palo Alto Networks stock: You need to choose an online brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you determine where to buy Palo Alto Networks stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit funds into your brokerage account: Pick your payment method and add your details.
- Analyze Palo Alto Networks stock: The Palo Alto Networks ticker symbol is PANW. Is Palo Alto Networks stock a good investment? Should you buy shares of PANW? How do PANW's underlying business fundamentals look? Do top analysts think Palo Alto Networks is a good buy? Why has PANW's stock price moved recently? (Hint: Our stock research tools can help you decide if PANW is a good stock to buy).
- Place your PANW buy order: Decide if you will purchase PANW shares at the current market price or use a limit order to purchase PANW stock at a given price.
- Track your investment in PANW: Create a watchlist to the latest updates on your investment in Palo Alto Networks stock.
Step 1: Decide where to buy Palo Alto Networks stock
You need an online brokerage account in order to access the NASDAQ market and buy PANW shares.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've picked the best brokerage, the next step is to fill out some personal information so you can buy PANW stock today.
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Step 3: Deposit funds into your brokerage account
Now that you've finished signing up on our top ranked stock app, you can securely and quickly fund your account:
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Step 4: Analyze Palo Alto Networks stock
After you have selected the best place to buy Palo Alto Networks stock, it's important to research their stock before you buy, so you truly wrap your head around the risk and opportunity.
Palo Alto Networks quick stats
Palo Alto Networks Overview
WallStreetZen was designed to help everyday investors perform more in-depth fundamental analysis.
You can see all of the due diligence checks on PANW's stock page.
Is PANW stock overvalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge PANW's true value.
Using relative valuations methods:
- PANW could be undervalued based on its P/E ratio of 39.05x, relative to Software - Infrastructure industry P/E ratio of 75.98x
- PANW may be overvalued based on its P/B ratio of 20.85x, relative to Software - Infrastructure industry P/B ratio of 11.64x
- PANW may be undervalued based on its PEG ratio of 0.01x
You can access more valuation research on PANW's stock here.
PANW Financials at a glance
Passed Health Checks:
- PANW earnings of $884.80M is not sufficient to cover its interest payments.
- Total PANW debt is lower than 5 years ago, relative to shareholder equity.
- PANW's operating cash flow of $3.06B allows it to safely service it's debt of $2.18B.
- There are more short-term assets than long-term liabilities on the PANW balance sheet.
- PANW profit margin has gone up from 0.6% to 30.2% in the past year.
Failed Health Checks:
- There are more short-term liabilities than short-term assets on the PANW balance sheet.
- PANW has a relatively high debt to equity ratio of 3.2.
Is it a good time to buy Palo Alto Networks stock, according to analysts?
Out of 27 Equities analysts who monitor PANW, the consensus analyst rating on PANW is a Strong Buy
Please keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
Latest PANW Analyst Forecasts
Shyam Patil, a top 19% analyst from Susquehanna maintains PANW with a strong buy rating and lowers their PANW price target from $400.00 to $325.00, on Feb 26, 2024.
Susquehanna's Shyam Patil lowered their price target on Palo Alto Networks (NASDAQ: PANW) by 18.8% from $400 to $325 on 2024/02/26. The analyst maintained their Strong Buy rating on the stock.
After reviewing Palo Alto Networks' 2024/02/20-dated Q2 2024 earnings report and participating in the earnings call, Patil observed that billings were below expectations and management once again lowered its billings guidance because of "client spending fatigue and Fed weakness."
To spur quicker long-term growth, the company is speeding up its platformization approach, which will strain top-line metrics in the coming 12 to 18 months, the analyst told investors.
Earnings Report
Palo Alto Networks reported for Q2 2024:
- EPS of $1.46, which beat the Zacks Consensus Estimate of $1.30 and, by 39%, Q2 2023’s $1.05.
- Revenue of $1.98B, which beat the Zacks Consensus Estimate of $1.97B and, by 19.3%, Q2 2023’s $1.66B.
Management guided:
For Q3 2024:
- EPS of $1.24 to $1.26.
- Revenue of $1.95B to $1.98B.
For FY 2024:
- EPS of $5.45 to $5.55.
- Revenue of $7.95B to $8B.
Chairman & CEO Nikesh Arora commented: "Our leadership across all of our three platforms and growing cross-platform adoption puts us in a strong and unique position.
"With this backdrop, we are activating our accelerated platformization and consolidation strategy, as well as our AI leadership strategy."
Andrew Nowinski, a top 12% analyst from Wells Fargo maintains PANW with a strong buy rating and lowers their PANW price target from $450.00 to $385.00, on Feb 21, 2024.
Patrick Colville, a bottom 7% analyst from ScotiaBank maintains PANW with a buy rating and lowers their PANW price target from $363.00 to $337.00, on Feb 21, 2024.
Trevor Walsh, a top 3% analyst from JMP Securities reiterates PANW with a buy rating and maintains their PANW price target from $380.00 to $380.00, on Feb 21, 2024.
Nehal Chokshi, a top 12% analyst from Northland Securities downgrades PANW to a hold rating and announces their PANW price target of $275.00, on Feb 21, 2024.
You can dive deeper into what analysts are forecasting on the Palo Alto Networks stock forecast page.
PANW Momentum
How is PANW performing as a company?
Last year, PANW earnings were $2.28B. During the past 1 years, PANW's earnings have increased by 5,900% per year. This was faster than the Software - Infrastructure industry average of 137.86%.
Last year, PANW revenue was $7.53B. During the past five year, PANW's revenue has increased by 23.75% per year. This was faster than the Software - Infrastructure industry average of 17.02%.
You can analyze PANW's earnings and revenue performance here.
Who is buying/selling PANW?
In the past 12 months, insiders at PANW have sold more shares than they have bought.
Lee Klarich, EVP Chief Product Officer of PANW, was the latest PANW insider to sell. They sold $1,119,776.02 worth of PANW shares on Apr 5, 2024.
Learn more about who owns PANW shares here.
Can I rely on PANW as an income stream?
No, Palo Alto Networks doesn't provide an income stream by paying out dividends.
PANW Social Trading Data
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Step 5: Place your PANW buy order
There are two main options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually the easiest way to buy. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a given dollar amount, place a limit order.
Hit the Open Trade button and eToro will execute the order.
If you need more help investing in stocks on eToro, click the helpful video below:
Step 6: Track your investment in PANW
Now that you own some shares in PANW, you'll want to keep up with your stock purchase.
Start a watchlist to track your PANW stock.
PANW Feed
How to Buy Stock in Palo Alto Networks
To reiterate, here are the 6 steps to buy Palo Alto Networks stock:
- Decide where to buy Palo Alto Networks stock
- Sign up for a brokerage account
- Deposit funds into your brokerage account
- Analyze Palo Alto Networks stock
- Place your PANW buy order
- Track your investment in PANW
If you require a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get updates on your investment in Palo Alto Networks, add PANW to your watchlist by clicking the button below.
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