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What's Going On With Palo Alto Networks Stock After Hours?
by Adam Eckert, Benzinga Staff Writer
November 17, 2022 5:10 PM | 1 min read
What's Going On With Palo Alto Networks Stock After Hours?
Shares of cybersecurity firm Palo Alto Networks Inc PANW are trading higher in Thursday's after-hours session after the company reported better-than-expected financial results and issued strong guidance.
Palo Alto said fiscal first-quarter revenue grew 25% year-over-year to $1.56 billion, which beat average analyst estimates of $1.55 billion, according to Benzinga Pro. The company said its top-line growth was driven by customers continuing to increase commitments to the company's security platforms.
Palo Alto reported quarterly earnings of 83 cents per share, which topped analyst estimates of 69 cents per share.
"We are focused on expanding the breadth of our offerings and our pace of innovation to continue to drive share gains in the cybersecurity market," said Nikesh Arora, chairman and CEO of Palo Alto.
Palo Alto expects fiscal second-quarter revenue to be between $1.63 billion and $1.66 billion versus estimates of $1.65 billion. The company sees second-quarter adjusted earnings in a range of 76 cents to 78 cents per share versus estimates of 71 cents per share.
Palo Alto anticipates full-year revenue between $6.85 billion and $6.91 billion versus estimates of $6.87 billion. The company expects full-year adjusted earnings to be between $3.37 and $3.44 per share versus estimates of $3.17 per share.
PANW Price Action: Palo Alto has a 52-week high of $213.63 and a 52-week low of $140.08.
The cybersecurity stock was up 6.29% in after hours at $166.40 at time of publication.
PANW... YES!!!.Out @ 166.64 for +$10.64/SH
... in a few hours.
Just back to my truck and fired up the cell phone. Teerific!
Pays for gas, ice, food.... good start to my trip.
It was getting dark so had to curtail my standout.
Lotta beeps, waves and thumbs up. I think everyone has been taken advantage by a car dealorship at one time or another.
Want to get back in PANW tonight around 164s..
Now to go set up somewhere and get to work with DG
Yipeee!
PANW In for earnings Report tonight!
Buy XX Shares of PANW Limit at $156.00 (Day) Filled at $156.00
I won't be here to witness it- gotta go grab a corner for my standout. Rush hours matter!
So later tonight I'll check the PANW results and I'll either be a hero or a zero, lol
https://stockcharts.com/h-sc/ui?s=PANW
$PANW is one of 7 Cybersecurity Stocks to Watch in Light of the Google-Mandiant Deal according to Investor Place
https://investorplace.com/2022/03/7-cybersecurity-stocks-to-watch-in-light-of-the-google-mandiant-deal/
Deutsche bank has it listed as a buy. Price target 490.00
$PANW | #PaloAlto Earnings Targets
Potential targets for continuation in Palo Alto.
Confluence of Fibonacci expansion & extension levels provide
reasonable resistance levels.
$284.50 & $294.50
Stock is somewhat extended & well above support in the $250 zone,
so care is needed and no certainties, stock has history of violent selloffs
in the past.
PLEASE GIVE US A LIKE IF YOU FIND OUR CONTENT HELPFUL, THANK YOU.
Cybersecurity companies are going to be in more and more demand.
https://coloradosun.com/2020/08/10/cyber-attack-ransomware-small-towns-data-breach-malware-lafayette/
News: $PANW No, It's Not Too Late to Buy FireEye Stock
Following Tuesday's post-close release of the company's second-quarter earnings, shares of cybersecurity name FireEye (NASDAQ: FEYE) jumped more than 18% during Wednesday's trading. On top of its rally that's taken shape since mid-March, FireEye stock is up more than 100% from its March 17 l...
Find out more PANW - No, It's Not Too Late to Buy FireEye Stock
Crowd taking share???
why did this fall so far on that decent earnings report? 205? really?
PANW: Silicon Valley IT Administrator and Friends Charged in Multimillion Dollar Insider Trading Ring
https://www.sec.gov/news/press-release/2019-261
SEC Complaint:
https://www.sec.gov/litigation/complaints/2019/comp-pr2019-261.pdf
Washington D.C., Dec. 17, 2019 —
The Securities and Exchange Commission today announced insider trading charges against five friends who repeatedly traded on confidential earnings information about a Silicon Valley cloud-computing company, reaping millions of dollars in trading profits.
According to the SEC’s complaint, Janardhan Nellore, a former IT administrator then at Palo Alto Networks Inc., was at the center of the trading ring, using his IT credentials and work contacts to obtain highly confidential information about his employer’s quarterly earnings and financial performance. As alleged in the complaint, until he was terminated earlier this year, Nellore traded Palo Alto Networks securities based on the confidential information or tipped his friends, Sivannarayana Barama, Ganapathi Kunadharaju, Saber Hussain, and Prasad Malempati, who also traded.
The SEC’s complaint alleges that the defendants sought to evade detection, with Nellore insisting that the ring use the code word “baby” in texts and emails to refer to his employer’s stock, and advising they “exit baby,” or “enter few baby.” The complaint also alleges that certain traders kicked back trading profits to Nellore in small cash transactions intended to avoid bank scrutiny and reporting requirements. After the FBI interviewed Nellore about the trading in May, he purchased one-way tickets to India for himself and his family and was arrested at the airport.
“As alleged in our complaint, Nellore and his friends exploited Nellore’s access to valuable earnings information and attempted to hide their misconduct using code words and carefully tailored cash withdrawals,” said Erin E. Schneider, Director of the SEC’s San Francisco Regional Office. “This case highlights our use of enhanced data analysis tools to spot suspicious trading patterns and identify the traders behind them.”
The SEC’s complaint, filed in the Northern District of California, charges Nellore, Barama, Kunadharaju, Hussain, and Malempati with fraud and seeks permanent injunctions, disgorgement with prejudgment interest, and penalties.
The U.S. Attorney’s Office for the Northern District of California today announced criminal charges against Nellore and Barama.
The SEC’s investigation was conducted by John P. Mogg, Chrissy Filipp, and Crystal Boodoo of the San Francisco Regional Office, with assistance from John Rymas and Hugh Beck of the Market Abuse Unit and Jan Jindra and Rachita Gullapalli of the Division of Economic and Risk Analysis. The case was supervised by Jennifer J. Lee and Monique C. Winkler of the San Francisco Regional Office. The SEC’s litigation will be led by Susan F. LaMarca, Mr. Mogg, and Ms. Filipp. The SEC appreciates the assistance of the U.S. Attorney’s Office for the Northern District of California, the Federal Bureau of Investigation, and the Financial Industry Regulatory Authority.
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News: $PANW Palo Alto Networks' Cybersecurity Transformation Is Yielding Results
Cybersecurity leader Palo Alto Networks (NYSE: PANW) settled into familiar territory for its fiscal 2020 first quarter: double-digit revenue growth driven by an aggressive strategy of acquiring smaller niche outfits. Not all investors have been happy, however. Though it's a large operation...
Got this from PANW - Palo Alto Networks' Cybersecurity Transformation Is Yielding Results
News: $PANW 3 Things to Watch in the Stock Market This Week
Stocks posted solid gains last week, as both the S&P 500 and the Dow Jones Industrial Average rose by almost 3 full percentage points. Entering the ninth month of the year, the S&P is up 17% and the Dow has gained 13% so far in 2019. The peak of second-quarter earnings sea...
Read the whole news 3 Things to Watch in the Stock Market This Week
Chart looks interesting to me. Guess there was a sales exec departure. Market is acting like this person can't be replaced.
$PANW CRUCIAL TO HOLD THE 200 MA. FOR PALO ALTO
********SO FAR THEY BULLS HAVE DEFENDED THE 200MA WHICH IS A REAL SELL SIGNAL IF BREACHED, BUT THE VOLUME IS NOT CONVINCING. WITHIN A WEAKER MARKET THESE BIG TIME WINNERS ARE QUICK TO SELL OFF AS LARGE PROFITS ARE STORED WITHIN. IT IS VERY IMPORTANT TO RESPECT THE TECHNICALS IN THIS CASE AS LARGE SELL ORDERS WILL BE STACKED UNDER THE 200MA AND TRADED BY ALGOS MUCH FASTER THAN WE CAN.
Looking for the exits!
Trendline support about $30 lower. Maybe flush this one out prior to or on earnings (on deck).
PANW continues to grow and gain market share in a sector that will continue to expand briskly.
Looks like a fine bet to me.
Palo Alto Networks $PANW Drops Sharply, Watch This Level
This morning, leading network security company, Palo Alto Networks (PANW), is trading sharply lower after reporting earnings. Earlier, the stock staged a gap higher open before reversing to the downside with heavy volume. At this point, the stock is forming a strong outside day. This formation is also known as a bearish engulfing pattern on the charts. Traders and investors must expect further decline in the near term. The next important daily chart support level for PANW stock will be around the $192.00 area. This is where the stock broke out in early May to new all time highs. Very often, stock will retest their prior breakout area before being defended by the institutional money.
Nicholas Santiago
InTheMoneyStocks
Have to like what McLaughlin said about the outlook this morning on CNBC
The most overvalued ticker i've seen this year.
Breaking News !! 6:40 pm eastern time NBC news!EQUIFAX security hack!!!breach over 140 million Americans affected the biggest in history
Sure hope you bought before earnings Jones.
Glad i just sat on my shares, which i'll continue to do.
Alright I think I am going to buy 200 shares and sell some covered calls at a price I am comfortable with. The rest will be strangled.
PANW buy option 117.25
buy 16 JUN 17 145 put for 29.00
tried to fill the gap but now the macd's are starting to roll over
retesting old support at 120 now as resistance
lots of overhead moving averages/band resistances weighing in
tried to gap up recently but broke that window downwards, couldn't maintain gap support
normal chart
log chart
Fair chance we'll slowly settle until the next big cyber crisis.
where is the bottom? RSI around 24, can it sell to sub 100?
Lol not true at all
Rumors on Friday that IBM is looking to buy PANW (from Briefing.com)
Why did Palo Alto get crushed yesterday? I read the financials and I saw no reason for this to take such a huge hit. They may have not hit estimates but I can't justify the percent loss just the financial release. Did I miss other news?
We should see this trade under 115 by today. Too many people hurt, and emotions take over. Will be another down day today.
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