Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>PANW stock has gained more than 70% in a year.</a></li>
 <li><span>2</span> <a>Palo Alto Networks Inc. has recently reported that banks are at risk of cybersecurity breaches.&nbsp;</a></li>
</ul>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1260" height="382" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-277.png" alt="PANW Stock Is Preparing To Break Above The All-time High Again" class="wp-image-174847" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-277.png 1260w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-277-300x91.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-277-1024x310.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-277-768x233.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-277-750x227.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-277-1140x346.png 1140w" sizes="(max-width: 1260px) 100vw, 1260px">
 </figure>
</div>
<p>Plao Alto Networks Inc. was founded in the year 2005 by Nir Zuk. The company provides technology services worldwide. It has more than 13.9K employees and the current CEO of the company is Nikesh Arora.&nbsp;</p>
<p>Palo Alto has its headquarters in Santa Clara. The company provides advanced firewalls and cloud-based offering that helps in extending cybersecurity throughout the world.</p>
<p>PANW stock does not give any dividends to its investors, rather the share price has given very good returns and has advanced by 78.87% year-to-date. The PANW stock has a very high PE ratio of 194.54 which indicates that the investors are highly optimistic about the stock’s price. This also can be an indication of the share price being overvalued.</p>
<p>With a high PE ratio, the stock has a beta of 1.65 making its return more volatile than the market as a whole. PANW stock has an average trading volume of 4.21M and the market cap of the company has advanced to $78.007B. The return on equity ratio for Palo Alto Networks Inc. is 41.70% which is really positive for the stock.</p>
<p>&nbsp;The P/B ratio for the company is also 44.37. Despite the good following ratios the company has a current ratio of 0.78, this denotes that the company might not be capable enough to repay its debt based on the current assets and liabilities.</p>
<h2 class="wp-block-heading" id="strong-palo-alto-networks-inc-stock-performance-analysis-strong"><strong>Palo Alto Networks Inc. Stock Performance Analysis</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="618" height="208" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-276.png" alt="PANW Stock Is Preparing To Break Above The All-time High Again" class="wp-image-174846" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-276.png 618w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-276-300x101.png 300w" sizes="(max-width: 618px) 100vw, 618px">
  <figcaption class="wp-element-caption">
   Source: <a href="https://in.tradingview.com/symbols/NASDAQ-PANW/" rel="noopener noreferrer nofollow">Tradingview</a>
  </figcaption>
 </figure>
</div>
<p>For the last five years, the company has seen a consistent advance in revenue every year. The net income of Palo Alto Networks Inc. has also become positive from the year ending 2022. This resulted in $439.70M with a profit margin of 6.38%. The company also recently posted its Q3 results in which it outperformed with very good numbers. It has shown of spike of 6,800% in the net income of the company as per YOY change.</p>
<h3 class="wp-block-heading" id="strong-performance-analysis-of-panw-stock-strong"><strong>Performance Analysis of PANW Stock</strong></h3>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1268" height="352" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-278.png" alt="PANW Stock Is Preparing To Break Above The All-time High Again" class="wp-image-174848" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-278.png 1268w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-278-300x83.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-278-1024x284.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-278-768x213.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-278-750x208.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-278-1140x316.png 1140w" sizes="(max-width: 1268px) 100vw, 1268px">
  <figcaption class="wp-element-caption">
   Source: Tradingview
  </figcaption>
 </figure>
</div>
<p>The technical indicators including various oscillators and moving averages are bullish for the stock. The fundamentals for the stock are also strong as the company has been meeting the expected revenue and EPS throughout the quarters. Experts are expecting a further rise of 34.50% in the stock price from the CMP.</p>
<h2 class="wp-block-heading" id="strong-panw-stock-showing-potential-of-making-new-highs-on-the-charts-strong"><strong>PANW Stock Showing Potential Of Making New Highs On the Charts</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1281" height="581" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-279.png" alt="" class="wp-image-174849" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-279.png 1281w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-279-300x136.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-279-1024x464.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-279-768x348.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-279-750x340.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-279-1140x517.png 1140w" sizes="(max-width: 1281px) 100vw, 1281px">
  <figcaption class="wp-element-caption">
   Source : PANW: 1D: NASDAQ
  </figcaption>
 </figure>
</div>
<p>PANW Stock is trading close to the all-time high level and has made a range over the same area. Currently, the share is making bullish candlestick patterns. This behavior in the stock price indicates the possibility of a breakout in the stock.</p>
<p>PANW stock chart is bullish as per the EMAs. This is because the 50-day and the 200-day EMA are bullish on the charts following a golden cross. The share price is also trading much higher than both the EMAs.</p>
<p>The RSI for the PANW stock also indicates bullishness on the charts. This is followed by the RSI trading trading above the 50-level and has also broken out above the 14-day SMA line.</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4>
<p><a href="https://www.thecoinrepublic.com/2023/09/23/citigroup-raises-panw-stock-price-target-to-285-hold-or-exit/" target="_blank" rel="noopener noreferrer nofollow">Palo Alto Networks Inc.</a> has performed really well financially over the quarters and the technicals are bullish for the stock. The PANW stock price is currently trading inside a consolidation zone. The experts are also bullish on the stock as the company has been meeting the revenue estimations over time. Therefore, if the PANW stock price breaks above the consolidation zone, the market can lead to much higher levels.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<ul>
 <li>Support levels- $0.50 and $1.00</li>
 <li>Resistance levels- $2.00 and $2.70</li>
</ul>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The information provided in this article, including the views and opinions expressed by the author or any individuals mentioned, is intended for informational purposes only. It is important to note that the article does not provide financial or investment advice. Investing or trading in cryptocurrency assets carries inherent risks and can result in financial loss.</p>

PANW Stock Is Preparing To Break Above The All-time High Again

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