Is Palo Alto Networks a buy?
Palo Alto Networks is holding a Zacks Rank of #2 (Buy) right now. Valuation is also important, so investors should note that Palo Alto Networks has a Forward P/E ratio of 66.08 right now.
Is Palo Alto Network overvalued?
Palo Alto Networks is currently slightly overvalued intrinsically as the market has baked in the high growth to continue.
How much debt does Palo Alto Networks have?
What Is Palo Alto Networks's Net Debt? You can click the graphic below for the historical numbers, but it shows that as of April 2022 Palo Alto Networks had US$3.68b of debt, an increase on US$3.19b, over one year.
Is Palo Alto Networks undervalued?
Tangible Asset Value is likely to climb to about 6.2 B in 2022, whereas Enterprise Value is likely to drop slightly above 20 B in 2022. Palo Alto Networks holds a recent Real Value of $526.81 per share. The prevailing price of the company is $524.22. At this time, the company appears to be undervalued.
Is Palo Alto a good long term investment?
Therefore, I believe Palo Alto remains one of the best long-term plays in the cybersecurity sector, and it's definitely still worth buying at these levels.
Is Palo Alto profitable?
Palo Alto Networks wasn't profitable in the last twelve months, it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). Arguably revenue is our next best option. Shareholders of unprofitable companies usually expect strong revenue growth.
Will Palo Alto Networks stock go up?
Further, it would land Palo Alto above the $10 billion revenue mark in 2025. Earnings forecasts are strong, too. With one quarter to go in its fiscal year, estimates call for 21% growth this year. In FY 2023, those estimates accelerate up to 24% growth.
Does Palo Alto pay a dividend?
Does Palo Alto Networks pay dividends? Palo Alto Networks does not intend to declare or pay cash dividends on its capital stock in the foreseeable future.
Palo Alto Beats Q2 Earnings Estimates
Palo Alto Networks reported second-quarter fiscal 2021 non-GAAP earnings of $1.55 per share, which surpassed the Zacks Consensus Estimate by 7.64%. Moreover, the bottom line compared favorably with the year-ago quarter’s earnings of $1.19 per share. The company’s revenues of $1.02 billion improved 25% year over year.
Quarterly Details
Product revenues increased 3% year over year to $254.7 million and contributed to 25% of the total revenues. The company’s subscription and support revenues, which accounted for 75% of the total revenues, improved 34% to $762 million. Further, billings improved 22% year over year to $1.2 billion.
Guidance
For third-quarter fiscal 2021, Palo Alto anticipates year-over-year revenue growth of 21-22% to $1.05-$1.06 billion.
Palo Alto Beats Q2 Earnings Estimates
Palo Alto Networks reported second-quarter fiscal 2021 non-GAAP earnings of $1.55 per share, which surpassed the Zacks Consensus Estimate by 7.64%. Moreover, the bottom line compared favorably with the year-ago quarter’s earnings of $1.19 per share. The company’s revenues of $1.02 billion improved 25% year over year.
Quarterly Details
Product revenues increased 3% year over year to $254.7 million and contributed to 25% of the total revenues. The company’s subscription and support revenues, which accounted for 75% of the total revenues, improved 34% to $762 million. Further, billings improved 22% year over year to $1.2 billion.
Guidance
For third-quarter fiscal 2021, Palo Alto anticipates year-over-year revenue growth of 21-22% to $1.05-$1.06 billion.
How much is Palo Alto Networks earnings in 2021?
Palo Alto Networks reported second-quarter fiscal 2021 non-GAAP earnings of $1.55 per share, which surpassed the Zacks Consensus Estimate by 7.64%. Moreover, the bottom line compared favorably with the year-ago quarter’s earnings of $1.19 per share.
What is Palo Alto's Zacks Rank?
Estimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Palo Alto has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months.
