Notable News to Watch: Palo Alto Networks (NYSE:PANW)
Palo Alto Networks (NYSE:PANW) spotted trading -23.07% off 52-week high price. On the other end, the stock has been noted 25.24% away from the low price over the last 52-weeks. The stock changed 0.68% to recent value of $200.49. The stock transacted 2838076 shares during most recent day however it has an average volume of 1203.46K shares. The company has 94.34M of outstanding shares and 93.24M shares were floated in the market.
On Sept. 04, 2019, Palo Alto Networks (NYSE:PANW) the global cybersecurity leader, revealed financial results for its fiscal fourth quarter and fiscal year 2019, ended July 31, 2019.
Total revenue for the fiscal fourth quarter 2019 grew 22 percent year over year to $805.8 million, compared with total revenue of $658.5 million for the fiscal fourth quarter 2018. GAAP net loss for the fiscal fourth quarter 2019 was $20.8 million, or $0.22 per diluted share, compared with GAAP net income of $7.0 million, or $0.07 per diluted share, for the fiscal fourth quarter 2018.
Non-GAAP net income for the fiscal fourth quarter 2019 was $146.9 million, or $1.47 per diluted share, compared with non-GAAP net income of $131.7 million, or $1.34 per diluted share, for the fiscal fourth quarter 2018. A reconciliation between GAAP and non-GAAP information is contained in the tables below.
We had a strong fourth quarter, surpassing a billion dollars in billings within the quarter for the first time, and achieving approximately 180% year-over-year growth in our newer Prisma and Cortex offerings. This year we acquired and released important new technologies and built a robust go-to-market framework for driving their success in the market. It’s gratifying to see all the team’s hard work translate into strong market results, said Nikesh Arora, chairman and CEO of Palo Alto Networks. The addition of our proposed acquisition announced, Zingbox, a differentiated player in IoT security, continues our strategy of extending our platforms. Zingbox will add to the capabilities of our Next-Generation Firewall by offering a first-of-its kind subscription that will make it easier for organizations to protect IoT devices from attackers. It will also be available as a service on our Cortex platform.
Its earnings per share (EPS) expected to touch remained 32.50% for this year while earning per share for the next 5-years is expected to reach at 21.45%. PANW has a gross margin of 71.80% and an operating margin of -1.30% while its profit margin remained -2.30% for the last 12 months.
According to the most recent quarter its current ratio was 1.9 that represents company’s ability to meet its current financial obligations. The price moved ahead of -3.14% from the mean of 20 days, -5.60% from mean of 50 days SMA and performed -6.32% from mean of 200 days price. Company’s performance for the week was -0.79%, -6.54% for month and YTD performance remained 6.45%.
Christopher Pacheco has worked as financial analyst until his retirement. He is a well-known research director and portfolio manager for more than 5 years. After many years in the market, he dedicated all his time to write articles highlighting different financial problems.
Christopher Pacheco holds a postgraduate degree in Software Engineering from Canada. ‘The stock market is filled with individuals who know the price of everything, but the value of nothing.’ Christopher is a share market expert, being personally invested for over 6 years. He believes the most valuable nugget of wisdom for new investors is a quote from Phillip Fisher. He has been writing his entire life, and while he has made a career of business and finance reporting, he still enjoys writing short stories and poetry.
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