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PALO ALTO NETWORKS INCPALO ALTO NETWORKS INCPALO ALTO NETWORKS INC

PALO ALTO NETWORKS INC

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PANW trade ideas

PANW Breaks Out! Chart Analysis and Trade SetupThe current situation at the company Palo Alto Networks reported robust financial results, with total revenue hitting $1.98 billion, a solid 15% year-over-year increase. Their Next-Generation Security (NGS) Annual Recurring Revenue (ARR) soared to approximately $4 billion, up 47% from the previous year. These numbers underscore Palo Alto Networks' strong positioning in the cybersecurity market, fueled by increasing demand for advanced security solutions. These results highlight PANW 0.79%↑, a solid position in the cybersecurity sector amidst increasing demand for advanced security solutions. Strategically, Palo Alto Networks made significant moves, including a $500 million deal with IBM to acquire QRadar assets. This acquisition not only expands their cybersecurity offerings but also strengthens their market presence. However, the impact on revenue from this acquisition is expected to be modest for FY 2025 due to deferred revenue recognition, showcasing a careful approach to integration and financial management. Financially, PANW improved its operating margins by 200 basis points compared to last year, with operating income growing by 25%. Despite these gains, the company anticipates a slight dip in non-GAAP EPS for Q4 FY 2024, projecting earnings in the range of $1.40 to $1.42, a decrease of 1% to 3% year-over-year. Looking ahead, I remain optimistic about the rest of FY 2024. With continued growth expected in billings, revenue, and next-generation security ARR, the company is well-positioned to capitalize on the increasing demand for cybersecurity solutions worldwide. PANW recently exhibited a classic cup-and-handle pattern, suggesting strong potential for bullish momentum. Since the end of June, the stock entered a consolidation phase, following the breakout of the handle. During this period, trading volume decreased, typical for such formations, signaling potential accumulation by institutional investors. The breakout above the handle's high at $326 was accompanied by increased trading volume, confirming the bullish continuation. PANW swiftly surged past previous highs, to further validate the pattern's signal. Looking ahead, I think there is still room for upside potential. Based on historical precedents of cup-and-handle patterns, which often lead to substantial price gains, PANW could see a continuation of its upward trajectory and fill the gap to $364.
NASDAQ:PANWLong
by RickHardyPro
PANW Ascending Triangle Break OutPANW has a really beautiful setup. The weekly chart shows us a inside weekly hammer candle at the highs of that mother bar. We have the rest of the gap to fill above. The daily chart provides continuous bullish price action (ascending triangle), looking to break and hold above $342.44 resistance level. If we can continue upside, I've provided some targets to go after. Looking to open some swing calls on this, Possibly $355c or $360c 7/19 exp. (short swing) If this breaks below the trend line support + below $338.48 (PDL), then this thesis is invalid.
NASDAQ:PANWLong
by AftaShock
1
Palo Alto Networks ($PANW) Earnings Beat Expectations Palo Alto Networks ( NASDAQ:PANW ) reported fiscal third-quarter results that exceeded analysts' expectations and provided revenue guidance that matched estimates. The company's shares fell over 8% in extended trading following the release of the quarterly earnings report. Palo Alto ( NASDAQ:PANW ) reported revenue for the latest quarter of $1.98 billion, a 15% year-over-year increase and slightly ahead of analysts' expectations. Net income came in at $278.8 million or 79 cents per share, versus $107.8 million or 31 cents per share in the year-ago period. The cybersecurity company had previously warned about "spending fatigue" and had shifted towards a "platformization" strategy to combat it. The company said it expects revenue to be between $2.15 billion and $2.17 billion in the fiscal fourth quarter and in the range of $7.99 billion to $8.01 billion for the full 2024 fiscal year. The revenue outlook was consistent with consensus estimates of $2.16 billion and $7.98 billion, respectively. Palo Alto Networks shares ( NASDAQ:PANW ) fell nearly 9% in extended trading Monday after the cybersecurity firm issued a lackluster current-quarter and full-year outlook. The company's muted guidance has raised concerns about its recent move to a consolidated cybersecurity platform aimed at driving growth among cautious enterprise customers. Palo Alto Networks shares ( NASDAQ:PANW ) found a zone of support between $281 and $295 from the 50-day moving average and price action over the past five months. The stock finished after-hours trading at $295.61, an 8.7% decline from the end of the regular session. For the fiscal fourth quarter ending in July, Palo Alto Networks ( NASDAQ:PANW ) guided revenue of $2.15 billion to $2.17 billion, with the $2.16 billion midpoint matching analysts' forecast. It sees billings in the period, which account for deferred revenue, coming in between $3.43 billion and $3.48 billion, compared to expectations of $3.45 billion. In an effort to pursue growth amid cautious enterprise spending on cybersecurity solutions, the company recently pivoted to a consolidated security platform, offering initiatives such as free product offers to entice corporate signups.
NASDAQ:PANW
by DEXWireNews
5/20/24 - $panw - probably a beat, i like $s and $zs more5/20/24 - vrockstar - NASDAQ:PANW - probably a beat and one you'd want to dip buy. seem to be doing well in the field from what i gather as well, and of course the insider congressfolks own it, which adds to the allure of owning it. as mentioned in a previous comment, this thing is not cheap - 50x PE and LSD fcf yields... but if they can deliver this is going to be running hard to the upside. dip probably gets bought and all else equal remains a LT winner. I prefer NYSE:S and NASDAQ:ZS , smaller size names, better growth/ opex flex - and both will benefit from a beat here on NASDAQ:PANW (all cyber factors will). will size up the tape into the close to decide if i will go long here, but don't believe the setup looks great for R/R given the recent run that's probably front-loaded a decent result. gl to those holders.
NASDAQ:PANWLong
by VROCKSTAR