Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessPALO ALTO NETWORKS: Why You Should Invest

PALO ALTO NETWORKS: Why You Should Invest

Add to Favorite
Added to Favorite

Palo Alto Networks (NASDAQ:PANW) the leader of the cybersecurity industry.

With 20%-plus revenue growth, and growing  revenues at a 40% compounded annual growth rate between 2014 and 2019, it has 70,000 customers- proving a steady   growth rate. PANW stock looks like a solid long-term investment at the  current levels.

Palo Alto Networks, Inc. Announces Pricing of $1.75 Billion Offering of 0.375% Convertible Senior Notes Due 2025.

  • Fiscal third quarter revenue grows 20% year over year to $869.4 million
  • Billings increase 24% year over year to $1.0 billion
  • Deferred revenue grows 28% year over year to $3.4 billion

Palo Alto Networks, the global cybersecurity leader, is shaping the cloud-centric future with technology that is transforming the way people and organizations operate.[i]

Palo Alto Networks, the global cybersecurity leader, has completed its acquisition of CloudGenix Inc., an industry-leading cloud-delivered SD-WAN provider. The acquisition will further strengthen Palo Alto Networks comprehensive secure access service edge (SASE) platform.[ii]

Nikesh Arora Chief Executive Officer and Chairman  joined as chairman and CEO of Palo Alto Networks in June 2018. Before joining Palo Alto Networks, Nikesh served as president and chief operating officer of SoftBank Group Corp. Prior to that, he held a number of positions at Google, Inc. Prior to joining Google, Nikesh held the role of chief marketing officer for the T-Mobile International Division of Deutsche Telekom AG. [iii]

Palo Alto Networks (NYSE: PANW), announced the appointment of Luis Felipe Visoso to the position of chief financial officer (CFO). Visoso will assume the role on July 1, 2020. Visoso recently served as CFO for Amazon Web Services (AWS), and previously as CFO for Amazon’s Worldwide Consumer division.

Top 6 Institutional Holders

Holder   Shares   Date Reported   % Out       Value

Vanguard Group, Inc. (The)                   9,035,366                         Mar 30, 2020           9.37%       1,481,438,609

Blackrock Inc.         5,843,562                         Mar 30, 2020           6.06%       958,110,425

Renaissance Technologies, LLC     5,419,351                         Mar 30, 2020           5.62%       888,556,789

Generation Investment Management LLP                           2,499,003                         Mar 30, 2020           2.59%       409,736,531

ClearBridge Investments, LLC           2,404,605                         Mar 30, 2020           2.49%       394,259,035

Canada Pension Plan Investment Board 1,548,587                         Mar 30, 2020           1.61%       253,906,324

FMR, LLC                           1,352,822                         Mar 30, 2020           1.40%       221,808,695

Top 5 Mutual Fund Holders

Holder   Shares   Date Reported   % Out       Value

Vanguard Total Stock Market Index Fund                           2,727,398                         Mar 30, 2020           2.83%       447,184,176

Vanguard Mid-Cap Index Fund     2,395,926                         Mar 30, 2020           2.48%       392,836,026

Vanguard Extended Market Index Fund 1,395,602                         Mar 30, 2020           1.45%       228,822,903

Legg Mason Clearbridge Large Cap Growth Fd         961,555                                 Feb 28, 2020             1.00%       177,522,284

Vanguard/Windsor II           722,669                                 Jan 30, 2020               0.75%       169,668,227

PANW Stock Institutional Ownership and Insider Ownership – Palo Alto Networks

96.47

(Mil)

Shares Outstanding

42.66%

40.94 (Mil)

Institutional Ownership

3.03%

2.92 (Mil)

Insider Ownership

97.73%

94.28 (Mil)

Float Percentage of TSO

[i] https://www.paloaltonetworks.com/about-us

[ii] https://investors.paloaltonetworks.com/investor-relations/overview/announcements/default.aspx

[iii] https://www.paloaltonetworks.com/about-us/management

CWEB Analysts see the stock as a potential for long and short term growth with huge rewards in the post and current pandemic conditions and upwards of $300 by 2021

Subscribe to get Latest News Updates

Latest News

You may like more
more

Cerence Inc. (NASDAQ:CRNC) Faces Financial Challenges Amidst Automotive AI Competition

Cerence Inc. (NASDAQ:CRNC) reported an EPS of -$0.49, missing...

NetApp Inc. (NASDAQ:NTAP) Surpasses Earnings and Revenue Estimates

NetApp Inc. (NASDAQ:NTAP) reported an earnings per share (EPS)...

Agilent Technologies (NYSE:A) Quarterly Earnings Preview

The anticipated EPS of $1.41 represents a 2.2% increase...