Is PALO ALTO NETWORKS INC (NASDAQ:PANW) suited for growth investing?

Groth investors are looking for stocks showing high revenue and EPS growth. We will have a look here to see if PALO ALTO NETWORKS INC (NASDAQ:PANW) is suited for growth investing. Investors should of course do their own research, but we spotted PALO ALTO NETWORKS INC showing up in our CANSLIM growth screen, so it may be worth spending some more time on it.

Looking into the canslim metrics of PALO ALTO NETWORKS INC

• In the most recent financial report, PALO ALTO NETWORKS INC reported a 80.75% increase in quarterly earnings compared to the previous quarter. This notable growth indicates positive momentum in the company's financials, suggesting an upward trend
• The q2q revenue growth of 25.98% of PALO ALTO NETWORKS INC highlights the company's ability to generate incremental revenue and suggests positive market demand for its products or services.
• PALO ALTO NETWORKS INC has achieved 39.45% growth in EPS over the past 3 years, reflecting a sustained improvement in earnings performance.
• PALO ALTO NETWORKS INC has achieved an impressive Return on Equity (ROE) of 25.15%, showcasing its ability to generate favorable returns for shareholders.
• PALO ALTO NETWORKS INC has achieved an impressive Relative Strength (RS) rating of 95.57, showcasing its ability to outperform the broader market. This strong performance positions PALO ALTO NETWORKS INC as an attractive stock for potential price appreciation.
• PALO ALTO NETWORKS INC exhibits a favorable Debt-to-Equity ratio at 0.0. This highlights the company's ability to limit excessive debt levels and maintain a strong equity base, demonstrating its financial stability and risk management practices.
• PALO ALTO NETWORKS INC demonstrates a balanced ownership structure, with institutional shareholders at 12.34%. This indicates a diverse investor base, which can contribute to price stability and potential future growth.

What is the technical picture of NASDAQ:PANW telling us.

ChartMill utilizes a proprietary algorithm to assign a Technical Rating to every stock. This rating, ranging from 0 to 10, is computed daily by analyzing a variety of technical indicators and properties.

Overall PANW gets a technical rating of 9 out of 10. Both in the recent history as in the last year, PANW has proven to be a steady performer, scoring decent points in every aspect analyzed.

• The long and short term trends are both positive. This is looking good!
• Looking at the yearly performance, PANW did better than 95% of all other stocks.
• PANW is one of the better performing stocks in the Software industry, it outperforms 91% of 280 stocks in the same industry.
• PANW is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so PANW is leading the market.
• In the last month PANW has a been trading in the 224.64 - 265.90 range, which is quite wide. It is currently trading near the high of this range.

Our latest full technical report of PANW contains the most current technical analsysis.

Zooming in on the fundamentals.

At ChartMill, a crucial aspect of their analysis is the assignment of a Fundamental Rating to each stock. This rating, ranging from 0 to 10, is calculated daily by considering numerous fundamental indicators and properties.

We assign a fundamental rating of 6 out of 10 to PANW. PANW was compared to 280 industry peers in the Software industry. PANW has an average financial health and profitability rating. PANW is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! This makes PANW very considerable for growth investing!

Our latest full fundamental report of PANW contains the most current fundamental analsysis.

More growth stocks can be found in our CANSLIM screen.

Disclaimer

This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.