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Stock Charts AI Power Rank: 9.5
Power Rank trend -> Rising
07/08/2024 11:11:00 EST
Palo Alto Networks Inc (PANW)
Industry: Software - Infrastructure
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, PANW has been trading in a range between $340.90 and $295.93 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
PANW is trading below resistance at $376.90, about 13% to the upside. There is support at $317.31 -5% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Palo Alto Networks Inc $PANW entered a Green zone 19 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $279.77, a potential down side of -18.22% from the recent price of 342.09. The stock is trading 11.33% (potential upside) below its 52 week high of $380.84 and 70.05 % (potential downside) above its 52 week low of $201.17 - based on the recent price.
Company Summary
Palo Alto Networks, Inc provides cybersecurity solutions worldwide. The company offers firewall appliances and software; and Panorama, a security management solution for the global control of network security platform as a virtual or a physical appliance.
News
| Palo Alto (PANW) Up 11% in a Month: What's Next for Investors? Palo Alto's (PANW) move to offer free trials and deferred billings options to accelerate the adoption of the unified platform among customers is likely to continue hurting revenue and earnings growth in the near term. Source: Zacks Investment Research Mon, 08 Jul 2024 10:41:14 -0400 Sentiment: Negative |
| Why Did Palo Alto Networks Stock Rise 15% Last Month? Palo Alto Networks reported minimal news after a disappointing earnings report in May. The company's industry peers had impressive earnings reports in June, sparking a rally for the whole group. Source: The Motley Fool Fri, 05 Jul 2024 18:14:15 -0400 Sentiment: Positive |
| 3 Under-the-Radar Tech Stocks With Millionaire-Maker Upside There are more than 3,500 publicly listed companies in the U.S. today. Yet a handful of stocks get all the attention from the media, analysts and investors. Source: InvestorPlace Thu, 04 Jul 2024 12:52:42 -0400 Sentiment: Positive |
| From $10K to $100K: 3 Stocks to Achieve a 6-Figure Net Worth by 2030 The pursuit of financial freedom and a 6-figure net worth is a goal shared by many. While there are numerous investment strategies available, stocks for building wealth have long been a powerful tool for wealth creation. Source: InvestorPlace Thu, 04 Jul 2024 06:15:00 -0400 Sentiment: Positive |
| 7 Cybersecurity Stocks Set to Double on $1 Trillion Industry Growth In terms of cynical relevance, it doesn't get much better than cybersecurity growth stocks. While the digitalization ecosystem has fostered groundbreaking gains in connectivity and productivity, it also sparked worrying exposure to nefarious actions. Source: InvestorPlace Thu, 04 Jul 2024 06:00:00 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 380.84 52 Week Low: 201.17 Beta: 1.145 50 Day MA: 310.0772 200 Day MA: 291.9207 Earnings / Revenue Trends Qtr Earnings Growth YOY: 1.548 Qtr Revenue Growth YOY: 0.153 Forward PE: 45.045 Trailing PE: 49.5065