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Stock impact report

PANW Trades at Premium Valuation: Buy, Sell or Hold the Stock? [Globe and Mail, The (Toronto, Canada)]

Palo Alto Networks, Inc. (PANW) 
Last palo alto networks, inc. earnings: 2/24 04:15 pm Check Earnings Report
Palo Alto Networks' forward 12-month P/E ratio sits at 74.26X, higher than the Zacks Security industry's forward 12-month P/E ratio of 73.32X. The Zacks Value Score of F also suggests that PANW stock is overvalued. The stock trades at a premium valuation to other industry peers, including Check Point Software CHKP Fortinet FTNT and Okta Inc. OKTA . At present, Checkpoint Software, Fortinet and Okta have P/E multiples of 19.67X, 30.76X and 23.66X, respectively. Image Source: Zacks Investment Research Palo Alto Networks' elevated valuation raises concerns about whether the stock can justify such lofty multiples. Considering the premium valuation, investors must be wondering whether they should buy, hold or sell the stock, especially amid near-term challenges. PANW's Recent Acquisitions Spark Investor Concerns In January, Palo Alto Networks completed the acquisition of Chronosphere. The acquisition was announced in mid-November, when Palo Alto Networks agreed to buy Chronospher Show less Read more
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