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It has been about a month since the last earnings report for Palo Alto Networks (PANW). Shares have lost about 8.2% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Palo Alto due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
Palo Alto Q4 Earnings and Revenues Surpass Estimates
Palo Alto Networks reported better-than-expected results for the fourth quarter of fiscal 2024. The company reported non-GAAP earnings of $1.51 per share for the fiscal fourth quarter, which beat the Zacks Consensus Estimate of $1.41. The bottom line improved 4.9% from the year-ago quarter’s non-GAAP earnings of $1.44 per share and came above the company’s earlier guidance of $1.40-$1.42.
Palo Alto’s fiscal fourth-quarter revenues of $2.19 billion beat the Zacks Consensus Estimate of $2.16 billion and rose 12.3% from the year-ago reported figure. Fourth-quarter revenues also came above management’s previously provided guidance of $2.15-$2.17 billion.
The top line was primarily driven by growth across the Products, Services and Subscription segments. Additionally, the increased adoption of Palo Alto’s Next-Generation Security platforms, driven by the hybrid work culture and the heightened need for stronger security, also aided fiscal fourth-quarter results.
The company’s strong quarterly performance reflects its sustained focus on product innovation, a shift in its business model to subscription-based services, building sales capability, platform integration and continued investments in the go-to-market strategy.
Billings increased 11% to $3.5 billion in the fiscal fourth quarter and outpaced the company’s projection of $3.43-$3.48 billion.
Fiscal Fourth-Quarter Performance
Product revenues increased 5% year over year to $481 million and contributed to 22% of the total revenues. The company’s Subscription and Support revenues, which accounted for 78% of the total revenues, improved 18.2% to $1.71 billion.
Deferred revenues at the end of the fiscal fourth quarter were $5.54 billion. Palo Alto’s remaining performance obligation climbed to $12.7 billion, reflecting a year-over-year increase of 20%.
Palo Alto’s next-generation security annualized recurring revenues were $4.22 billion in the reported quarter, which grew 43% year over year and 11.3% from the previous quarter.
Non-GAAP gross profits increased 11.5% to $1.68 billion. The non-GAAP gross margin contracted 50 basis points (bps) to 76.8%.
The non-GAAP operating income rose 6% to $588 million. Meanwhile, the non-GAAP operating margin contracted 150 bps to 26.9% compared with the year-ago quarter.
Balance Sheet & Cash Flow
Palo Alto exited the fiscal fourth quarter with cash, cash equivalents and short-term investments of $2.56 billion, down from $2.89 billion at the end of the previous quarter. As of Jul 31, 2024, the company had long-term operating lease liabilities of $380.5 million.
PANW generated an operating cash flow of $512.7 million and non-GAAP adjusted free cash flow of $485.3 million in the fiscal fourth quarter. The non-GAAP adjusted free cash flow margin for the quarter came in at approximately 22.2%. In fiscal 2024, the company generated an operating cash flow of $3.26 billion and non-GAAP adjusted free cash flow of $3.12 billion.
FY25 and First-Quarter Guidance
For fiscal 2025, Palo Alto expects revenues between $9.10 billion and $9.15 billion. Remaining Performance Obligation is projected in the range of $15.2-$15.3 billion. Next-Gen Security ARR is estimated in the band of $5.42-$5.47 billion.
PANW’s fiscal 2025 non-GAAP operating margin is projected in the range of 27.5-28%. Its adjusted free cash flow margin is estimated in the range of 37-38%. The company expects net income per share in the range of $6.18-$6.31.
For the first quarter of fiscal 2025, PANW projects revenues between $2.10 billion and $2.13 billion, which suggests year-over-year growth of 12-13%. Remaining Performance Obligations are anticipated between $12.4 billion and $12.5 billion. Next-Gen Security ARR is expected in the band of $4.33-$4.38 billion.
Non-GAAP earnings are projected in the range of $1.47-$1.49 per share.
How Have Estimates Been Moving Since Then?
It turns out, estimates revision have trended upward during the past month.
The consensus estimate has shifted 9.55% due to these changes.
VGM Scores
At this time, Palo Alto has a poor Growth Score of F, however its Momentum Score is doing a lot better with an A. However, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Palo Alto has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry Player
Palo Alto is part of the Zacks Internet - Software industry. Over the past month, HubSpot (HUBS), a stock from the same industry, has gained 1%. The company reported its results for the quarter ended June 2024 more than a month ago.
HubSpot reported revenues of $637.23 million in the last reported quarter, representing a year-over-year change of +20.4%. EPS of $1.94 for the same period compares with $1.34 a year ago.
For the current quarter, HubSpot is expected to post earnings of $1.89 per share, indicating a change of +18.9% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.
HubSpot has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of B.
Zacks Investment Research
Palo Alto Networks (PANW) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Over the past month, shares of this security software maker have returned +0.8%, compared to the Zacks S&P 500 composite's +1.5% change. During this period, the Zacks Internet - Software industry, which Palo Alto falls in, has gained 1.9%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings Estimates
Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
Palo Alto is expected to post earnings of $1.48 per share for the current quarter, representing a year-over-year change of +7.3%. Over the last 30 days, the Zacks Consensus Estimate has changed +9.6%.
For the current fiscal year, the consensus earnings estimate of $6.25 points to a change of +10.2% from the prior year. Over the last 30 days, this estimate has changed +3.7%.
For the next fiscal year, the consensus earnings estimate of $7.07 indicates a change of +13.2% from what Palo Alto is expected to report a year ago. Over the past month, the estimate has changed -2%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Palo Alto is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth Forecast
While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
For Palo Alto, the consensus sales estimate for the current quarter of $2.12 billion indicates a year-over-year change of +12.8%. For the current and next fiscal years, $9.13 billion and $10.49 billion estimates indicate +13.7% and +14.9% changes, respectively.
Last Reported Results and Surprise History
Palo Alto reported revenues of $2.19 billion in the last reported quarter, representing a year-over-year change of +12.1%. EPS of $1.51 for the same period compares with $1.44 a year ago.
Compared to the Zacks Consensus Estimate of $2.16 billion, the reported revenues represent a surprise of +1.29%. The EPS surprise was +7.09%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.
Valuation
Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Palo Alto is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom Line
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Palo Alto. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
Zacks Investment Research
Rep. Marjorie Taylor Greene, a well-known political figure from Georgia, has made headlines for more than just her political stances. Greene's stock trading activity has caught attention for its volume and timing, with her latest regulatory filings showing investments of approximately $112,000 in a variety of companies. Her recent activity continues a trend of significant investments she has been making throughout 2024.
The Latest Stock Trades: Building on Her Tech-Focused Strategy
In her most recent filing on September 4, 2024, Greene disclosed new stock purchases in companies such as Amazon , Digital Realty Trust , Palo Alto Networks , and FedEx , adding to her already tech-heavy portfolio. This follows earlier purchases disclosed in August, when she added stocks like Alphabet , Intel , Nvidia , and Kinder Morgan . The tech-centric nature of her investments signals her confidence in the continued growth of AI and cybersecurity sectors despite recent market volatility.
Greene's Investment History: Tech Dominates, But Results Vary
Greene's stock trading journey has been filled with aggressive moves, particularly in the technology space. Earlier in 2024, she made notable purchases in Apple, Advanced Micro Devices and Nvidia. This tech-focused strategy has concentrated her portfolio with some of the most innovative and high-growth sectors in the market.
Although Greene holds some of the top tech stocks, her stock returns have been mixed. She faced a major setback when CrowdStrike stock dropped 30% after a significant outage. This was just days after she purchased stocks of the company. Similarly, her Intel investment, which came after the company's stock suffered a significant decline, has not yet paid off, with shares dropping 9% since her purchase. Furthermore, Dell has declined by 13% since her purchase in July.
Following in Pelosi's Footsteps?
Greene's aggressive stock trading has drawn comparisons to former House Speaker Nancy Pelosi, who is widely known for her success in the stock market. Greene may be mirroring Pelosi's trading strategy, buying into some of the same high-profile names. Greene has recently added stocks favored by Pelosi, such as Nvidia and Palo Alto Networks. While some of her trades reflect Pelosi's strategy, Greene has been more concentrated in technology investments, compared to Pelosi.
Two other congressman, John James and Peter Sessions, also announced trades in Nvidia and other chip and cybersecurity plays.
With her continued stock trading activity, Greene, like many other politicians, has been subject to scrutiny. As in the case of other lawmakers, questions about potential access to insider information often arise when politicians engage in substantial stock trading.
Conclusion: Should Investors Follow Greene's Strategy?
Marjorie Taylor Greene's recent stock picks illustrate her confidence in the future of AI, cloud computing, and cybersecurity. While these sectors hold strong growth potential, they also come with heightened risk, especially in a market currently experiencing volatility.
For investors looking to emulate Greene's strategy, it's crucial to conduct thorough research and consider their own risk tolerance. While high-profile politicians like Greene may have access to expert advice, following their trades without due diligence can be extremely risky.
On the date of publication, Caleb Naysmith did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policyhere.
PALM BEACH, Fla., Sept. 16, 2024 (GLOBE NEWSWIRE) -- FN Media GroupNews Commentary -- The Artificial Intelligence (AI) in cybersecurity solutions is projected to continue to have significant growth in next several years. The alarming rise in cyberattacks shows the urgent need for robust cybersecurity measures. Globally, the frequency of cyberattacks is on the rise, impacting individuals, enterprises, and governments, leading to substantial financial losses. Cybercriminals target endpoints, networks, and data, with motives ranging from political rivalry and financial gain to damaging reputation and furthering radical religious group interests. Prominent ransomware such as WannaCry, Petya, NotPetya, and BadRabbit have significantly affected large-scale enterprises and government organizations. The CISCO cybersecurity threat trends report for 2021 reveals alarming statistics, including a high percentage of organizations facing phishing attempts, malicious browser ads, crypto mining, and ransomware-related activities. The escalating sophistication of cyber threats, particularly ransomware, is compelling organizations globally to prioritize cybersecurity solutions and services for safeguarding critical IT infrastructure and sensitive data. According to Microsoft, the US was the primary target of 46% of cyberattacks in 2020, emphasizing the urgent need for robust cybersecurity measures worldwide. A report from MarketsAndMarkets projected that the global Artificial Intelligence in Cybersecurity Market size, which was valued at USD 22.4 billion in 2023, is expected to grow at a CAGR of 21.9% from 2023 to 2028. The revenue forecast for 2028 is projected to reach $60.6 billion. Active Companies in the industry includes: Plurilock Security Inc. (OTCQB: PLCKF) (TSX-V: PLUR), Palo Alto Networks (NASDAQ: PANW), SentinelOne® (NYSE: S), CrowdStrike Holdings, Inc. (NASDAQ: CRWD), Palantir Technologies Inc. (NYSE: PLTR).
The report said: “The growing adoption of real-time threat detection solutions within security operations is driving the demand for AI in cybersecurity. This trend is crucial for enhancing cybersecurity processes by integrating advanced technologies such as AI, ML, and cloud solutions. Organizations are increasingly recognizing the importance of proactive and swift threat identification and response due to the expanding complexity and prevalence of cyber-attacks. The incorporation of automation trends and smart data utilization in security solutions holds the potential for advanced real-time threat protection. Furthermore, technological advancements are accelerating digital transformation initiatives, aiming to reclaim lost time, reduce customer service costs, and mitigate risks associated with traditional business models. This technological evolution in advanced security solutions is fueling the demand for real-time security solutions, contributing to AI in cybersecurity market growth.”
Plurilock Security Inc. (OTCQB: PLCKF) (TSXV: PLUR) Enters Critical Services Partnership with TD SYNNEX to Provide AI Services in North America - Plurilock Security Inc. (“Plurilock” or the “Company”), a global cybersecurity services and solutions provider, announces a partnership with TD SYNNEX (NYSE: SNX), a leading global distributor and solutions aggregator for the IT ecosystem, to provide artificial intelligence (“AI”) services in North America.
Under the terms of the partnership, Plurilock will provide AI-focused critical services and cybersecurity solutions for TD SYNNEX across their North American operations. The services and solutions provided may include, but are not limited to: security operations; offensive security and penetration testing; data and intellectual property protection and loss prevention; Zero Trust architecture and implementation; digital and AI transformation; and related advisory and governance, risk, and compliance (GRC) services. This represents the initial phase of a potential wider partnership, with the possibility of future expansion into the company’s global footprint.
"TD SYNNEX is committed to uniting technology solutions that deliver business outcomes today and unlock growth for the future," said Joe Pittillo, Senior Vice President, Services at TD SYNNEX. "With Plurilock added as a service provider, we are able to enrich the breadth and depth of our AI services offerings in a critically important sector for our partners.”
"AI has been embedded in our DNA since our inception over eight years ago as a cybersecurity company," said Ian L. Paterson, CEO of Plurilock. "As AI continues to become pervasive, our customers rely on Plurilock for expert advice and guidance. Being chosen to deliver critical services in this specialized area is a strong endorsement of our expertise and further validation of our efforts as we continue our mission to protect the world's leading companies from today's threats." CONTINUED…Read this and more news for Plurilock Security at: https://plurilock.com/company/press-and-coverage/
In other market news of interest:
Palo Alto Networks (NASDAQ: PANW), the global cybersecurity leader, recently announced that it has completed the acquisition of IBM's QRadar Software as a Service (SaaS) assets. This transaction underscores Palo Alto Networks and IBM's commitment to secure customers with best-in-class threat prevention, addressing ever-expanding attack surfaces with the complete platform approach that is required to simplify security operations.
Nikesh Arora, Chairman and CEO, Palo Alto Networks: "We are on a mission to help organizations transform their security operations and harness the potential of Precision AI-powered platforms to better protect their businesses. Our partnership with IBM reinforces our commitment to innovation and our conviction in the tremendous benefit of QRadar customers adopting Cortex XSIAM for a robust, data-driven security platform that offers transformative efficiency and effectiveness in defending against evolving cyber threats."
Arvind Krishna, Chairman and CEO, IBM: "Together, IBM and Palo Alto Networks are shaping the future of cybersecurity for our customers and the industry at large. Working with Palo Alto Networks will be a strategic advantage for IBM as our two companies partner on advanced threat protection, response, and security operations using Cortex XSIAM and watsonx, backed by IBM Consulting. At the same time, IBM will continue innovating to help secure organizations' hybrid cloud environments and AI initiatives, focusing our investments on data security and identity and access management technologies."
SentinelOne® (NYSE: S), a global leader in AI-powered security, recently announced that the SentinelOne Singularity™ Platform and Singularity Data Lake have achieved Federal Risk and Authorization Management Program (FedRAMP®) authorization at the High Impact Level from the FedRAMP Program Management Office. The authorization validates the strength of SentinelOne’s AI-powered solutions in providing industry-leading protection against cyberattacks to US Federal, Public Sector, Defense Industrial Base (DIB) and Critical Infrastructure entities.
The FedRAMP High Authorization certifies that SentinelOne has undergone and passed an extensive and rigorous third-party security assessment, demonstrating our compliance with NIST SP 800-53 security controls to protect the government’s most sensitive, unclassified data. This authorization reinforces SentinelOne’s ability to help the US Federal government secure their most sensitive and critical information assets. The SentinelOne Singularity Platform and Singularity Data Lake, delivered as cloud-native SaaS offerings, enable public sector entities to meet stringent security and compliance mandates including Executive Order (EO) 14028 and Office of Management and Budget (OMB) M-21-31.
CrowdStrike Holdings, Inc. (NASDAQ: CRWD), recently announced financial results for the second quarter fiscal year 2025, ended July 31, 2024. "Working with customers to recover from the July 19th incident, we emerge as an even more resilient and even more customer-obsessed CrowdStrike, continuing to aggressively invest in innovation. Our second quarter demonstrates the resilience of our business and platform – with LogScale Next-Gen SIEM, Identity Protection, and Cloud Security eclipsing $1 billion in combined ending ARR," said George Kurtz, CrowdStrike’s chief executive officer and co-founder. "In response to rising point product complexity and an elevated threat environment, organizations are increasingly focused on consolidating their cybersecurity vendors into a streamlined platform that delivers better security outcomes, which is CrowdStrike Falcon. Our vision and mission of stopping breaches remains unchanged."
Commenting on the company’s financial results, Burt Podbere, CrowdStrike’s chief financial officer, added, "For the second quarter we delivered strong growth in revenue, operating profit and net income demonstrating our focused execution. Our market opportunity remains unchanged, and we believe our continued commitment to customers and innovation will drive even more Falcon platform adoption, protecting our customers from rapidly evolving cyber threats and enabling us to achieve our long-term targets."
Palantir Technologies Inc. (NYSE: PLTR) and BP p.l.c. have recently announced an enterprise agreement that will extend their strategic relationship and introduce new artificial intelligence capabilities with Palantir’s AIP software. The new contract will build on a decade of deep collaboration that has created a firm foundation for bp’s oil and gas production operations, using Palantir’s industry-leading software. Since 2014, Palantir software has been deployed widely by bp to support its oil and gas production operations, from offshore oil platforms in the North Sea and the Gulf of Mexico, to the Khazzan gas fields in Oman.
During that decade, it has supported bp’s digital transformation programme, with a focus on delivering efficiencies in the oil and gas production system. Central to that programme has been the development of a model-based digital twin of bp’s oil and gas production activity, enabling performance improvements. This entails the integration of dynamic digital physical asset models with real time data from over 2 million sensors into a single integrated operating picture, through Palantir software.
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DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated twenty five hundred dollars for news coverage of the current press releases issued by Plurilock Security Inc. by third party non-affiliated company. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.
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Investors interested in stocks from the Internet - Software sector have probably already heard of Oddity Tech (ODD) and Palo Alto Networks (PANW). But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.
Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits.
Right now, Oddity Tech is sporting a Zacks Rank of #2 (Buy), while Palo Alto Networks has a Zacks Rank of #3 (Hold). This means that ODD's earnings estimate revision activity has been more impressive, so investors should feel comfortable with its improving analyst outlook. However, value investors will care about much more than just this.
Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its current share price levels.
Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use.
ODD currently has a forward P/E ratio of 18.73, while PANW has a forward P/E of 54.71. We also note that ODD has a PEG ratio of 0.93. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. PANW currently has a PEG ratio of 2.83.
Another notable valuation metric for ODD is its P/B ratio of 5.01. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, PANW has a P/B of 21.52.
Based on these metrics and many more, ODD holds a Value grade of B, while PANW has a Value grade of D.
ODD has seen stronger estimate revision activity and sports more attractive valuation metrics than PANW, so it seems like value investors will conclude that ODD is the superior option right now.
Zacks Investment Research
For Immediate Release
Chicago, IL – September 12, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Oracle Corp. ORCL, Morgan Stanley MS, Palo Alto Networks, Inc. PANW and The Monarch Cement Company MCEM.
Here are highlights from Wednesday’s Analyst Blog:
Top Analyst Reports for Oracle, Morgan Stanley and Palo Alto Networks
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Oracle Corp., Morgan Stanley and Palo Alto Networks, Inc., as well as a micro-cap The Monarch Cement Company. The Zacks microcap research is unique as our research content on these small and under-the-radar companies is the only research of its type in the country.
These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today’s research reports here >>>
Oracle’s shares have outperformed the Zacks Computer - Software industry over the year-to-date period (+49.3% vs. +10.2%). The company’s stock hit a record high of $160.52 a share following strong fiscal Q1 2025 results, driven by solid adoption of strategic cloud applications, autonomous database offerings and Oracle Cloud Infrastructure and recovery in cloud revenue growth.
ORCL’s continued investment in cloud infrastructure positions it well for sustained growth in the dynamic software industry. The recent partnership with Amazon for Oracle Database@AWS and general availability of Oracle Database@Google bodes well.
Oracle’s Gen 2 Cloud is driving artificial intelligence clientele. Its share buybacks and dividend policy are noteworthy. However, higher spending on product enhancements, especially toward the cloud platform amid increasing competition in the cloud domain. is likely to limit margin expansion.
(You can read the full research report on Oracle here >>>)
Shares of Morgan Stanley have outperformed the Zacks Financial - Investment Bank industry over the past three months (+2.0% vs. -2.4%). The company’s gradual revival in the investment banking (IB) business and a solid IB pipeline are expected to support its financials.
The Zacks analyst expects IB fees to jump 28.9% in 2024. Efforts to become less dependent on capital-markets-driven revenues, inorganic expansion/strategic alliance and high rates will likely aid the top line. We estimate revenues to witness a CAGR of 5.1% by 2026.
However, operating expenses are likely to stay elevated amid business expansion efforts. We project total non-interest expenses to rise 3.5% in 2024. The ambiguity of the performance of the capital markets is a concern and might hurt the Institutional Securities segment’s prospects. Though the segment revenues are likely to rise going forward, they are not likely to reach 2021 levels soon.
(You can read the full research report on Morgan Stanley here >>>)
Palo Alto Networks’ shares have outperformed the Zacks Internet - Software industry over the year-to-date period (+17.8% vs. +11.1%). The company has been benefiting from continuous deal wins and the increasing adoption of its next-generation security platforms, attributable to the rise in the hybrid work environment and the heightened need for stronger security.
PANW’s strong back-to-back quarterly performances reflect its sustained focus on product innovation, a shift in its business model to subscription-based services, platform integration and continued investments in the go-to-market strategy. The normalization of the supply chain is also aiding growth across the Products, Services and Subscription segments.
However, softening IT spending amid macroeconomic headwinds might hurt its near-term prospects. Forex headwinds and higher marketing and sales expenses are likely to continue hurting its profitability. Also, high acquisition-related expenses are denting margins.
(You can read the full research report on Palo Alto Networks here >>>)
Shares of Monarch Cement have outperformed the Zacks Building Products - Concrete and Aggregates industry over the year-to-date period (+19.6% vs. -0.3%). This microcap company with market capitalization of $675.23 million is demonstrating solid earnings growth across its Cement and Ready-Mixed Concrete segments, with operating income rising year over year to $30.3 million for the six months ended June 2024.
Monarch Cement's products, essential for infrastructure projects, ensure resilient demand across Kansas, Iowa, Nebraska and nearby states. Strategic acquisitions and its positioning to benefit from the Infrastructure Investment and Jobs Act enhance its long-term growth prospects.
Monarch Cement’s focus on sustainable cement positions it well in an evolving market, while strong pricing power boosts margins. With a robust balance sheet and minimal debt, the company remains financially sound. Operating in a consolidated market with ownership of raw materials, MCEM enjoys a competitive edge, allowing it to respond efficiently to market shifts.
(You can read the full research report on Monarch Cement here >>>)
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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