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PANW

Palo Alto Formed Bullish Pattern with 80% Return PotentialPalo Alto Networks (PANW) has technically formed a pattern similar to its 2019–2021 flat period. Back then, after two tops (points 1 and 2) and a sharp bear trap breakdown below the current range (point 3), PANW retested the upper side of the range once more (point 4), which was followed by a massive breakout. From point 3 to the top, PANW rallied 361.8% of the range width, delivering more than a 130% return in about a year and a half. Currently, PANW appears to be forming a smaller version of that same pattern. Points 1, 2, and 3 seem to be in place, and we are now at point 4. Excluding fundamentals, if the same pattern completes, the technical target could be around $367, an over 80% potential return from current levels. However, it may be wise to wait for a confirmed breakout for validation. On the fundamental side, PANW appears to be trading at a high valuation compared to both its historical averages and sector peers. The 2-year forward P/E average is 51.2x, while the current forward P/E sits at 55.5x not drastically higher, but still elevated. That said, Palo Alto is expected to post 14.29% year-over-year revenue growth with a strong operating margin in the upcoming earnings report.
NASDAQ:PANWLong
by ftdsystem
Palo Alto Networks: Countermovement or Breakout?Palo Alto has faced increasing upward pressure and has been noticeably pushed higher. Thus, the stock is ogling our alternative scenario, which envisions a direct breakout above the resistance level at $207.24. In this 30% likely scenario, we would attribute the last low to the beige wave alt.IV and prepare for a new high of the blue wave alt.(I). Primarily, however, we classify the recent gains as a countermovement and locate the stock already in the bearish blue wave (II), which should settle its low within the blue Target Zone between $104.74 and $55.73; prior to that, the price must fall below the support at $130.04. After the wave (II) low, a new (wave (III)) uptrend should begin and eventually lead to new all-time highs above $207.24.
NASDAQ:PANW
by MarketIntel
Palo Alto Networks: Top Established!PANW reached a new peak at $207.24 on December 16. Although the price briefly moved above the significant $200 threshold, it failed to gain traction at higher levels. Thus, we now consider the top of the beige wave B as established and position the stock in the third and final stage of the larger wave (II) correction. From the wave B peak, the stock has already seen a pullback of approximately 20%. We anticipate that this downward movement will continue and ultimately reach our blue Target Zone between $104.74 and $55.73, where the ongoing downtrend should find its bottom. In our alternative scenario, we assign a 30% probability to an immediate breach of the resistance at $207.24. In this case, we would have to reckon with a new high of the blue wave alt.(I).
NASDAQ:PANW
by MarketIntel
Palo Alto Networks Surge 5.4% Amidst Cybersecurity BoomPalo Alto Networks (NASDAQ: NASDAQ:PANW ) has emerged as a key player in the booming cybersecurity industry, as the demand for robust cyber defense solutions surges across enterprises worldwide. With the rise of ransomware attacks, data breaches, and an increasingly complex digital environment, NASDAQ:PANW has experienced strong momentum in both stock performance and financial growth. Backed by its industry-leading cybersecurity solutions and a strong strategic alliance with Tata Communications. Robust Financials and Strategic Partnerships Palo Alto Networks (NASDAQ: NASDAQ:PANW ) has seen a remarkable turnaround in its financial performance in recent years. In 2022, after years of losses, the company finally achieved profitability thanks to the rapid rise in cybersecurity demand. This trend has continued, with the company posting strong financial results in its Q4 FY2024 presentation. The stock, which traded in the $50 range in 2019, has soared to over $300 in 2024, reflecting Palo Alto’s growing dominance in the sector. One of the critical factors driving this success is the company's ability to stay ahead of the curve in cybersecurity innovations. As ransomware attacks increase—up by over 50% since 2022—corporations are turning to Palo Alto Networks (NASDAQ: NASDAQ:PANW ) to safeguard their digital infrastructures. This trend has positioned NASDAQ:PANW as a market leader, securing the largest share of the global cybersecurity industry. Palo Alto Networks (NASDAQ: NASDAQ:PANW ) recently expanded its reach through a strategic collaboration with Tata Communications, a global leader in digital transformation. This partnership, announced on October 8, 2024, will deliver a unified, cloud-based cybersecurity platform aimed at enterprises dealing with increasingly sophisticated cyber threats. Tata Communications will leverage Palo Alto’s leading-edge technologies to offer enhanced cyber resilience for global businesses, particularly in sectors like network and cloud security, threat detection, and security assessments. The collaboration will bring several key benefits to enterprises, including: - Proactive threat isolation and response through a unified, cloud-delivered security solution, powered by Palo Alto’s Zero Trust Network Access (ZTNA) 2.0 and Secure Access Service Edge (SASE). - Cost efficiencies by consolidating multiple security vendors into a single managed provider. - Optimized security posture with simplified deployment and real-time analytics for quicker threat detection. Technical Analysis: Poised for a Breakout From a technical perspective, Palo Alto Networks (NASDAQ: NASDAQ:PANW ) is displaying bullish signals that point toward potential new highs. At the time of writing, the stock is up 4.81%, trading in a modest bullish terrain while forming a symmetrical triangle pattern—a classic continuation pattern that often leads to breakouts. The RSI (Relative Strength Index) currently sits at 59, which is in neutral territory but edging toward bullish momentum. This places the stock in a position to test the resistance pivot at $380. Should PANW breach this resistance level, it could catalyze a new bullish trend, sending the stock to even higher levels. The stock is also trading above key moving averages, with the price action running in tandem with the RSI, supporting further upward movement. Additionally, the cybersecurity sector as a whole is experiencing increased investor interest due to rising cyberattacks and stricter regulatory requirements, which bodes well for companies like Palo Alto Networks (NASDAQ: NASDAQ:PANW ) that lead in this space. Why Palo Alto Networks is a Strong Buy The combination of Palo Alto Networks’ solid financials, strategic partnerships, and strong technical setup make it a compelling investment in the cybersecurity space. The company’s ongoing profitability, bolstered by increasing global demand for cybersecurity solutions, sets the stage for continued growth. The partnership with Tata Communications adds an additional layer of credibility, as the two companies work together to address the evolving cyber threat landscape through cutting-edge technologies. Investors should also take note of the bullish symmetrical triangle pattern forming on the stock's price chart, with the potential to break above the $380 resistance level. Coupled with a strong RSI and positive momentum, Palo Alto Networks (NASDAQ: NASDAQ:PANW ) is primed for growth in the near term. For those seeking exposure to the cybersecurity industry, Palo Alto Networks offers a strong balance of financial health, innovation, and technical growth potential. As cyber threats continue to rise globally, PANW’s market leadership and strategic positioning make it a stock worth watching closely.
NASDAQ:PANWLong
by DEXWireNews
Palo Alto Networks (PANW) Delivers Strong Q4 EarningsPalo Alto Networks (NYSE: NASDAQ:PANW ) recently reported its fiscal fourth-quarter earnings for 2024, surpassing Wall Street expectations and reinforcing its position as a leader in the cybersecurity sector. The company's robust performance, driven by strategic platform expansion and continued innovation, has not only pleased investors but also sent a positive signal to the market about its long-term growth prospects. Here, we explore the earnings report's highlights, its technical implications, and what it means for investors moving forward. Earnings Highlights: Strong Performance Across the Board In its Q4 2024 report, Palo Alto Networks (NYSE: NASDAQ:PANW ) recorded a revenue of $2.18 billion, marking a 12% year-over-year increase. This growth slightly exceeded analysts' projections and was a testament to the company’s "strong execution" of its platformization strategy, as noted by CEO Nikesh Arora. The company’s net income also surged to $357.7 million, or $1.01 per share, surpassing analysts' estimates and reflecting the effectiveness of its business model. For the full fiscal year 2024, Palo Alto Networks (NYSE: NASDAQ:PANW ) reported $8.03 billion in revenue and $2.58 billion in net income, both figures exceeding market expectations. This strong performance underscores the company’s ability to scale its operations and maintain profitability in a competitive and evolving industry. Platformization Strategy: A Game-Changer Palo Alto Networks' platformization strategy has been a critical factor in its recent success. The company has consolidated its cybersecurity services into a unified platform, offering clients a comprehensive suite of tools to protect against a wide array of digital threats. This strategy not only simplifies cybersecurity for its customers but also positions Palo Alto as a one-stop shop in an increasingly complex market. The shift towards a platform-based approach has allowed Palo Alto to bundle its offerings, improving customer retention and expanding its market share. CEO Nikesh Arora highlighted that the company is focused on scaling its Next-Generation Security business, which includes cloud security suite Prisma and the AI-powered Cortex portfolio. This focus is expected to drive continued growth and innovation as Palo Alto heads into fiscal 2025. Technical Analysis: A Closer Look at PANW Stock From a technical perspective, NASDAQ:PANW stock has shown impressive strength throughout 2024, gaining over 16% year-to-date. After the earnings release, the stock saw a modest 1.9% increase in after-hours trading, reaching $349.90. During regular trading hours on the day of the earnings announcement, the stock climbed 2.8% to $343.36, signaling investor confidence in the company’s future. As of the time of writing, Palo Alto Networks ( NASDAQ:PANW ) stock is up 2.57% in Tuesday's premarket trading. Key Technical Indicators: 1. Moving Averages: NASDAQ:PANW stock is trading above its 50-day and 200-day moving averages, which are critical levels for gauging the overall trend. The stock’s position above these averages indicates a strong upward trend, suggesting that investors remain bullish on Palo Alto's prospects. 2. Relative Strength Index (RSI): The RSI for NASDAQ:PANW stock currently sits around 59 as of yesterday's market close, which is below the overbought threshold of 70. This suggests that while the stock has gained significantly, it still has room to run before reaching overbought conditions, indicating potential for further upside. 3. Volume: Trading volume following the earnings announcement was higher than average, reflecting strong market interest and reinforcing the stock’s bullish momentum. 4. Support and Resistance Levels: The stock has established a solid support level around $320, while resistance is observed near $355. A breakout above the resistance level could signal a new leg up, potentially pushing the stock towards new highs. Future Outlook: Guidance and Strategic Focus Looking ahead, Palo Alto Networks (PANW) has provided optimistic guidance for fiscal 2025, projecting revenue in the range of $9.1 billion to $9.15 billion. The company’s focus on expanding its cloud-based security offerings and driving innovation through its platformization strategy positions it well to capitalize on the growing demand for cybersecurity solutions. Additionally, Palo Alto Networks ( NASDAQ:PANW ) has announced a $500 million share buyback program, which is likely to support the stock price and provide additional value to shareholders. This move, combined with the company’s strong fundamentals and strategic focus, suggests that PANW stock remains an attractive investment for those seeking exposure to the cybersecurity sector. Conclusion: Is PANW a Buy? Palo Alto Networks ( NASDAQ:PANW ) has demonstrated strong financial performance and strategic execution, making it a compelling investment in the cybersecurity space. The company’s technical indicators also support a bullish outlook, with the stock poised for potential gains in the near term. Investors should consider Palo Alto’s robust growth prospects, strategic focus, and technical strength when evaluating whether to add PANW to their portfolios. As with any investment, it’s essential to keep an eye on market conditions and the broader economic landscape, but Palo Alto Networks’ solid fundamentals and strong technical profile make it a stock worth watching in the coming quarters.
NASDAQ:PANWLong
by DEXWireNews
Palo Alto (PANW): A Golden Pocket OpportunityPalo Alto's chart is looking particularly promising in a market where many stocks seem to be constantly soaring. These defined ranges present a strong trading opportunity, which we're closely monitoring. It appears that Palo Alto has completed its Wave (3) and is now in the midst of Wave (4). We anticipate that Wave (4) will conclude within the 38.2% to 61.8% Fibonacci retracement levels, providing a potential entry point. The golden pocket around the 61.8% level is particularly intriguing, though we haven't highlighted the 50% retracement as it doesn’t align with key support levels. We see two potential scenarios for Palo Alto: a correction to the 38.2% level, meeting the support zone around $249, or a deeper retracement into the broader support area and golden pocket between $191 and $160. If we take a long position at the first support zone, we would likely move the stop loss quickly to secure the position, with plans to add to our position if the price drops further into the lower support range. For now, we're waiting on the sidelines, keeping a close watch on the upcoming earnings call. If it brings any significant news, we’ll outline our strategy for PANW.
NASDAQ:PANW
by freeguy_by_wmc
Palo Alto Networks ($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
Swing Into Potential Crash - Pt. 2PANW has traded in a boring range since I last posted my original idea (linked below). Here are the dynamics that have unfolded, and my forecast from here: - The main factor we need to determine is if the recent consolidation is accumulation or re-distribution (I'm leaning toward re-distribution with a UTAD upcoming - meaning one more pop before major drop). - There is a ton of overhanging supply, but at the same time a major gap above to fill - Overall market is nearing a top (but still some gas left in the tank), so if we assume PANW won't completely disregard the rest of the market, then the re-distribution with a UTAD scenario makes sense ( for traders this means swing long currently, and then swing short based on my updated forecast, below) ------------------------------------------------------------------------------------------------------------------ Forecast/Predicted price action: A) Needs to clear 281.71 to give a new signal to enter long (I want to see a close above that level this week). If it gets rejected again at 281.71 then it will see another pullback along the thick red arrow on chart. B) If we clear 281.71 then it will test 287.79 minimum , so I'll be looking at Apr 26 285 or 286 calls. Once it tests 287.79 , I'll sell half of my calls ITM and then wait for the major test (i.e. rejection at 287-288 or breakout above that level) - If rejected then I will exit remaining calls but not switch to puts just yet, would need more confirmation. It would likely pullback along the 1pt red arrow if rejected - if breaks above then I will hold my calls for target scenario (C) C) If we get to scenario (B) and get the breakout above 287.79, then I'm expecting continuation higher to 298 - 300 ( my initial target = 299.20 by 4/19/2024 ). - after it hits initial target then it will pullback to retest 287-288 for support before making one final run into the 300s. Don't short until this makes it into 300s to test the gap. It will crash later in 2024 so shorts will have their day soon. I'll send an update once this makes it to 299, but until then I gave you everything you need to trade this. ~Not financial advice. I'm not currently in a position, but will enter calls if we get the sustained break (or close) above 281.79.
NASDAQ:PANW
by JerryManders