Palo Alto Networks Stock (NASDAQ:PANW), Trade Ideas

Palo Alto Networks

Palo Alto Networks is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, and security operations. The California-based firm has more than 85,000 customers across the world, including more than three fourths of the Global 2000.

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Palo Alto announced Monday that it extended and increased its commitment to Google Cloud with a ten-figure, multi-year commitment and named Google Cloud its AI and infrastructure provider of choice.

Palo Alto Networks Stock Jumps On Expanded AI Partnership With Google Cloud: The Details

Palo Alto Networks Inc

<p><strong>Palo Alto Networks's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NYSE">PANW</a>) short percent of float has fallen 7.86% since its last report. The company recently reported that it has <strong>12.36 million shares sold short</strong>, which is 3.87% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 3.46 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>Palo Alto Networks Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713968124_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Palo Alto Networks has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.</p>
<h3>Comparing Palo Alto Networks's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Palo Alto Networks's peer group average for short interest as a percentage of float is 4.34%, which means the company has <strong>less</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


Short Sellers

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How Is The Market Feeling About Palo Alto Networks?

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Shares of software stocks are trading higher amid overall strength in tech as Treasury yields drop.

<p>Keybanc  analyst Michael Turits   maintains Palo Alto Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) with a Overweight and lowers the price target from $380 to $355.</p>


Price Target

Keybanc Maintains Overweight on Palo Alto Networks, Lowers Price Target to $355

<p>Cantor Fitzgerald  analyst Yi Fu Lee   reiterates Palo Alto Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) with a Overweight and maintains $350 price target.</p>


Reiteration

Cantor Fitzgerald Reiterates Overweight on Palo Alto Networks, Maintains $350 Price Target

<p>Providing a diverse range of perspectives from bullish to bearish, 31 analysts have published ratings on Palo Alto Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) in the last three months.</p>
<p>The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">18</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">11</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $353.68, a high estimate of $450.00, and a low estimate of $265.00. Observing a 0.88% increase, the current average has risen from the previous average price target of $350.60. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713362502_0.png" alt="price target chart" /></p>
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
<p>The perception of Palo Alto Networks by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ittai Kidron</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$330.00</td>
<td>$305.00</td>
</tr>
<tr>
<td>Nina Marques</td>
<td>Redburn Atlantic</td>
<td>Raises</td>
<td>Buy</td>
<td>$350.00</td>
<td>$275.00</td>
</tr>
<tr>
<td>Adam Borg</td>
<td>Stifel</td>
<td>Maintains</td>
<td>Buy</td>
<td>$330.00</td>
<td>-</td>
</tr>
<tr>
<td>Shyam Patil</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Positive</td>
<td>$325.00</td>
<td>$400.00</td>
</tr>
<tr>
<td>Michael Turits</td>
<td>Keybanc</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$380.00</td>
<td>$390.00</td>
</tr>
<tr>
<td>Andrew Nowinski</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$385.00</td>
<td>$450.00</td>
</tr>
<tr>
<td>Patrick Colville</td>
<td>Scotiabank</td>
<td>Lowers</td>
<td>Sector Outperform</td>
<td>$337.00</td>
<td>$363.00</td>
</tr>
<tr>
<td>Trevor Walsh</td>
<td>JMP Securities</td>
<td>Maintains</td>
<td>Market Outperform</td>
<td>$380.00</td>
<td>-</td>
</tr>
<tr>
<td>Nehal Chokshi</td>
<td>Northland Capital Markets</td>
<td>Announces</td>
<td>Market Perform</td>
<td>$275.00</td>
<td>-</td>
</tr>
<tr>
<td>Gabriela Borges</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$310.00</td>
<td>$274.00</td>
</tr>
<tr>
<td>Keith Bachman</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$327.00</td>
<td>$378.00</td>
</tr>
<tr>
<td>Matthew Hedberg</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$365.00</td>
<td>$420.00</td>
</tr>
<tr>
<td>Saket Kalia</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$345.00</td>
<td>$400.00</td>
</tr>
<tr>
<td>Ittai Kidron</td>
<td>Oppenheimer</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$305.00</td>
<td>$310.00</td>
</tr>
<tr>
<td>Gregg Moskowitz</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Buy</td>
<td>$350.00</td>
<td>$405.00</td>
</tr>
<tr>
<td>Yi Fu Lee</td>
<td>Cantor Fitzgerald</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$350.00</td>
<td>$400.00</td>
</tr>
<tr>
<td>Rob Owens</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$300.00</td>
<td>$350.00</td>
</tr>
<tr>
<td>Adam Borg</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Buy</td>
<td>$330.00</td>
<td>$410.00</td>
</tr>
<tr>
<td>Anthony Hau</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$350.00</td>
<td>$385.00</td>
</tr>
<tr>
<td>Daniel Ives</td>
<td>Wedbush</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$375.00</td>
<td>$425.00</td>
</tr>
<tr>
<td>Alex Henderson</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$345.00</td>
<td>-</td>
</tr>
<tr>
<td>Catharine Trebnick</td>
<td>Rosenblatt</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$265.00</td>
<td>$290.00</td>
</tr>
<tr>
<td>Yun Kim</td>
<td>Loop Capital</td>
<td>Announces</td>
<td>Hold</td>
<td>$300.00</td>
<td>-</td>
</tr>
<tr>
<td>Anthony Hau</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$385.00</td>
<td>$330.00</td>
</tr>
<tr>
<td>Andrew Nowinski</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$450.00</td>
<td>$280.00</td>
</tr>
<tr>
<td>Daniel Ives</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Outperform</td>
<td>$425.00</td>
<td>$350.00</td>
</tr>
<tr>
<td>Adam Borg</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$410.00</td>
<td>$280.00</td>
</tr>
<tr>
<td>Yi Fu Lee</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$400.00</td>
<td>-</td>
</tr>
<tr>
<td>Yi Fu Lee</td>
<td>Cantor Fitzgerald</td>
<td>Raises</td>
<td>Overweight</td>
<td>$400.00</td>
<td>$280.00</td>
</tr>
<tr>
<td>Trevor Walsh</td>
<td>JMP Securities</td>
<td>Raises</td>
<td>Market Outperform</td>
<td>$380.00</td>
<td>$300.00</td>
</tr>
<tr>
<td>Peter Levine</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$405.00</td>
<td>$315.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Palo Alto Networks. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Palo Alto Networks compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts provide insights into price targets, offering estimates for the future value of Palo Alto Networks's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>Capture valuable insights into Palo Alto Networks's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/PANW/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Palo Alto Networks analyst ratings.</strong></a></p>
<h2>All You Need to Know About Palo Alto Networks</h2>
<p>Palo Alto Networks is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, and security operations. The California-based firm has more than 85,000 customers across the world, including more than three fourths of the Global 2000.</p>
<h3>Key Indicators: Palo Alto Networks's Financial Health</h3>
<p><strong>Market Capitalization Analysis:</strong> The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.</p>
<p><strong>Positive Revenue Trend:</strong> Examining Palo Alto Networks's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of <strong>19.33%</strong> as of 31 January, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.</p>
<p><strong>Net Margin:</strong> The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of <strong>88.45%,</strong> the company showcases strong profitability and effective cost control.</p>
<p><strong>Return on Equity (ROE):</strong> Palo Alto Networks's ROE stands out, surpassing industry averages. With an impressive ROE of <strong>53.52%</strong>, the company demonstrates effective use of equity capital and strong financial performance.</p>
<p><strong>Return on Assets (ROA):</strong> The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of <strong>10.56%,</strong> the company showcases effective utilization of assets.</p>
<p><strong>Debt Management:</strong> Palo Alto Networks's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of <strong>0.5</strong>.</p>
<h2>The Basics of Analyst Ratings</h2>
<p>Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. </p>
<p>Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Analyst Expectations For Palo Alto Networks's Future

<p>Oppenheimer  analyst Ittai Kidron   maintains Palo Alto Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) with a Outperform and raises the price target from $305 to $330.</p>


Oppenheimer Maintains Outperform on Palo Alto Networks, Raises Price Target to $330

<p>Financial giants have made a conspicuous bearish move on Palo Alto Networks. Our analysis of options history for Palo Alto Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) revealed 8 unusual trades.</p>
<p>Delving into the details, we found 25% of traders were bullish, while 75% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $851,245, and 4 were calls, valued at $205,548.</p>
<h3>What's The Price Target?</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $200.0 and $310.0 for Palo Alto Networks, spanning the last three months.</p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Palo Alto Networks's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Palo Alto Networks's significant trades, within a strike price range of $200.0 to $310.0, over the past month.</p>
<h3>Palo Alto Networks Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713277885_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>PANW</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$28.85</td>
<td>$28.6</td>
<td>$28.6</td>
<td>$230.00</td>
<td>$572.0K</td>
<td style="text-align: right;">743</td>
<td style="text-align: right;">20</td>
</tr>
<tr>
<td>PANW</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$9.4</td>
<td>$9.3</td>
<td>$9.35</td>
<td>$210.00</td>
<td>$174.8K</td>
<td style="text-align: right;">441</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>PANW</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$13.0</td>
<td>$12.85</td>
<td>$12.85</td>
<td>$210.00</td>
<td>$68.1K</td>
<td style="text-align: right;">97</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>PANW</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>04/26/24</td>
<td>$3.85</td>
<td>$3.25</td>
<td>$3.5</td>
<td>$280.00</td>
<td>$67.9K</td>
<td style="text-align: right;">537</td>
<td style="text-align: right;">20</td>
</tr>
<tr>
<td>PANW</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>07/19/24</td>
<td>$11.05</td>
<td>$10.8</td>
<td>$10.92</td>
<td>$310.00</td>
<td>$58.9K</td>
<td style="text-align: right;">435</td>
<td style="text-align: right;">55</td>
</tr>
</tbody>
</table>
</p>
<h3>About Palo Alto Networks</h3>
<p>Palo Alto Networks is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, and security operations. The California-based firm has more than 85,000 customers across the world, including more than three fourths of the Global 2000.</p>
<p>After a thorough review of the options trading surrounding Palo Alto Networks, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Present Market Standing of Palo Alto Networks</h3>
<ul>
<li>With a volume of 767,369, the price of PANW is up 0.13% at $272.5. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 35 days.</li>
</ul>
<h3>What Analysts Are Saying About Palo Alto Networks</h3>
<p>A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $350.0.</p>
<ul>
<li>An analyst from Redburn Atlantic has decided to maintain their Buy rating on Palo Alto Networks, which currently sits at a price target of $350. </li>
</ul>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for Palo Alto Networks, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Options

This Is What Whales Are Betting On Palo Alto Networks

ADSK

AVGO

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Shares of tech, AI and software stocks are trading lower amid a rise in Treasury yields.

<p>As the tech sector braces for its upcoming earnings season, <strong>Wedbush Securities</strong> analyst <strong>Daniel Ives </strong>provides <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38248780/apple-bull-dan-ives-says-robust-tech-earnings-season-ahead-not-the-time-to-run-time">a bullish outlook</a>.</p>
<h2 class="wp-block-heading">Tech Sell-Off &#8211; A Compelling Buying Opportunity</h2>
<p>He foresees a potential 15% surge in key stocks including <strong>Microsoft Corp</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), <strong>Alphabet Inc</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), <strong>Amazon.com Inc</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), <strong>Palantir Technologies Inc </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), and <strong>Meta Platforms Inc</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>).</p>
<p><em>Also Read: <a href="https://www.benzinga.com/government/24/04/38245193/openai-launches-first-asian-office-in-tokyo-amid-microsofts-massive-ai-and-cloud-push-in-japan">OpenAI Launches First Asian Office in Tokyo Amid Microsoft&#8217;s Massive AI and Cloud Push in Japan</a></em></p>
<p>Ives views the recent risk-off environment and tech sell-off as a compelling buying opportunity, attributing the market downturn to concerns such as a hot Consumer Price Index (CPI), weak bank earnings, and geopolitical tensions. </p>
<p>Over the past month, the <strong>SPDR Technology Select Sector ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) is down 2.63%. The broad market S&amp;P 500 tracking <strong>SPDR S&amp;P 500 ETF </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) is down 1.16% over the same period.</p>
<p>However, he believes the spotlight will soon shift to the eagerly anticipated tech earnings season, which he expects to be robust across the board.</p>
<h2 class="wp-block-heading">Q1 Earnings To Set The Stage For Upward Momentum In Tech Stocks</h2>
<p>According to Ives, the anticipated strength in tech stocks isn&#8217;t solely based on multiples but stems from accelerating growth and earnings, surpassing Street expectations. He emphasizes the pivotal role of the upcoming Q1 earnings season in setting the stage for further upward momentum in the tech sector throughout the year.</p>
<p>Here&#8217;s a glimpse of when these promising tech companies are scheduled to report earnings:</p>
<p><figure class="wp-block-table"><br />
<table>
<tbody>
<tr>
<td><strong>Company</strong></td>
<td><strong>Stock Ticker</strong></td>
<td><strong>Quarter</strong></td>
<td><strong>Earnings Date</strong></td>
</tr>
<tr>
<td>Microsoft</td>
<td>MSFT</td>
<td>Q3</td>
<td>April 25</td>
</tr>
<tr>
<td>Alphabet</td>
<td>GOOG, GOOGL</td>
<td>Q1</td>
<td>April 26</td>
</tr>
<tr>
<td>Amazon</td>
<td>AMZN</td>
<td>Q1</td>
<td>April 29</td>
</tr>
<tr>
<td>Palantir</td>
<td>PLTR</td>
<td>Q1</td>
<td>May 6</td>
</tr>
<tr>
<td>Meta Platforms</td>
<td>META</td>
<td>Q1</td>
<td>April 24</td>
</tr>
</tbody>
</table>
<p></p></figure></p>
<p><em>Source: <a href="https://www.benzinga.com/calendars/earnings">Benzinga Earnings Calendar</a></em></p>
<p>Expectations are high for standout performances from tech giants such as Microsoft, Alphabet, Amazon, Palantir, and Meta. Sectors like software, cybersecurity, digital advertising, and semiconductors, should get particular attention, per Ives.</p>
<h2 class="wp-block-heading">Other Potential Standouts</h2>
<p>Ives also highlights cybersecurity firms like Zscaler Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>), <strong>CrowdStrike</strong> <strong>Holdings Inc</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>), <strong>Palo Alto Networks Inc</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>), <strong>CyberArk Software Ltd</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYBR#NASDAQ">CYBR</a>), <strong>Check</strong> <strong>Point Software Technologies Ltd </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>), and <strong>Tenable Holdings Inc</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TENB#NASDAQ">TENB</a>) as potential standouts in the upcoming earnings reports.</p>
<p>Confidence in the potential of the AI Revolution to drive growth is bolstered by field checks conducted globally over the past month, indicating that monetization in this realm has entered a new phase of accelerated growth.</p>
<p>As investors await the earnings reports, the tech sector remains poised for further appreciation, with Ives projecting a 15% increase in tech stocks for the year.</p>
<p>With software, cybersecurity, digital advertising, and semiconductors taking center stage, the upcoming earnings season could mark a significant milestone in reaffirming the tech sector&#8217;s growth trajectory for the remainder of 2024.</p>
<p><em>Read Next: <a href="https://www.benzinga.com/news/24/04/38241504/metas-move-to-block-news-erodes-signals-of-reliability-as-right-wing-memes-thrive-on-canadian-facebo">Meta&#8217;s Move To Block News Erodes &#8216;Signals Of Reliability&#8217; As Right-Wing Memes Thrive On Canadian Facebook: Report</a></em></p>
<p><em>Image generated using artificial intelligence via Midjourney.</em></p>


<p>Investors with a lot of money to spend have taken a bullish stance on <strong>Palo Alto Networks</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with PANW, it often means somebody knows something is about to happen.</p>
<p>Today, Benzinga's options scanner spotted 9 options trades for <strong>Palo Alto Networks</strong>.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 55% bullish and 44%, bearish.</p>
<p>Out of all of the options we uncovered, there was 1 put, for a total amount of $35,350, and 8, calls, for a total amount of $313,290.</p>
<h3>Expected Price Movements</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $180.0 to $310.0 for Palo Alto Networks over the last 3 months. </p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Palo Alto Networks's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Palo Alto Networks's substantial trades, within a strike price spectrum from $180.0 to $310.0 over the preceding 30 days.</p>
<h3>Palo Alto Networks Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1712848624_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>PANW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$22.5</td>
<td>$22.25</td>
<td>$22.4</td>
<td>$280.00</td>
<td>$56.0K</td>
<td>5.0K</td>
<td style="text-align: right;">27</td>
</tr>
<tr>
<td>PANW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$13.5</td>
<td>$13.25</td>
<td>$13.4</td>
<td>$300.00</td>
<td>$53.6K</td>
<td>3.1K</td>
<td style="text-align: right;">11</td>
</tr>
<tr>
<td>PANW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$64.4</td>
<td>$64.1</td>
<td>$64.1</td>
<td>$230.00</td>
<td>$51.2K</td>
<td>327</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>PANW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$96.1</td>
<td>$95.7</td>
<td>$96.1</td>
<td>$200.00</td>
<td>$38.4K</td>
<td>2.6K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>PANW</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$25.25</td>
<td>$25.05</td>
<td>$25.25</td>
<td>$290.00</td>
<td>$35.3K</td>
<td>1.2K</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
</p>
<h3>About Palo Alto Networks</h3>
<p>Palo Alto Networks is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, and security operations. The California-based firm has more than 85,000 customers across the world, including more than three fourths of the Global 2000.</p>
<p>Having examined the options trading patterns of Palo Alto Networks, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>Where Is Palo Alto Networks Standing Right Now?</h3>
<ul>
<li>With a volume of 645,950, the price of PANW is up 0.71% at $283.0. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 40 days.</li>
</ul>
<h3>Expert Opinions on Palo Alto Networks</h3>
<p>A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $340.0.</p>
<ul>
<li>An analyst from Stifel downgraded its action to Buy with a price target of $330. </li>
<li>An analyst from Redburn Atlantic persists with their Buy rating on Palo Alto Networks, maintaining a target price of $350. </li>
</ul>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for Palo Alto Networks, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


A Closer Look at Palo Alto Networks's Options Market Dynamics

<p><strong>BlackBerry Ltd (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bb#NYSE">BB</a>)</strong> was once the leader in the smartphone segment in the mid-2000s when they were known as Research In Motion. Their BlackBerry smartphones had built-in physical keyboards and a trackball utilizing SMS technology. Its users could be identified by clicking away at the tiny keyboards and small screens throughout the day. They ushered in the early days of the smartphone era.</p>
<h2><strong>The Smartphone Revolution Passes By BlackBerry</strong></h2>
<p>The advent of <strong>Apple Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>)</strong><strong> </strong>iPhones and <strong>Samsung Electronics Co. Ltd </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/ssnlf#OTC">SSNLF</a>)<strong> </strong>Galaxy smartphones eventually took over the market with on-screen keyboards, larger screens and lighter sleek designs with infinite applications. Research in Motion changed its name and identity to BlackBerry, ditched its clunky smartphones and transitioned into a software company focused on enterprise cybersecurity, software licensing and Internet-of-Things (IoT) in the computer and technology sector. Needless to say, the competition has been stiff, especially against giants such as <strong>Palo Alto Networks Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/panw#NASDAQ">PANW</a>)</strong><strong> </strong>and <strong>Fortinet Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ftnt#NASDAQ">FTNT</a>)</strong>.</p>
<h2><strong>Transitioning from Hardware to Software</strong></h2>
<p>While BlackBerry continued to lose market share among consumers, its QNX operating system was still very respected for its exceptional security features, including encrypted messaging, threat detection and secure emails. It&#39;s one of the main reasons the United States Department of Defense (DoD) standardized BlackBerry devices over iPhones as a protocol for its employees. BlackBerry devices were the preferred devices among government agencies to protect sensitive information from espionage and cyber threats.</p>
<p>This helped transition the company to ditch the hardware and embrace the software model to further claw out a niche in the mobile cybersecurity segment. They hold numerous patents in mobile security and communication protocols. In fact, Research in Motion was notorious for never-ending litigation defending its patents, often perceived as the original &quot;patent troll.&quot;&nbsp;</p>
<h2><strong>From Patent Troll to MDM and UEM Solutions Provider </strong></h2>
<p>BlackBerry ditched the hardware in 2016 and sought to establish itself in the mobile device management (MDM) and unified endpoint management (UEM) segment. The company even found itself licensing its data analysis and embedded systems to the vehicle industry. The company has developed its artificial intelligence (AI) powered Cylance cybersecurity solution, which it claims has prevented 133% more attacks, performing 13X faster while utilizing 20X less system overhead than the competition. Its IoT business has also emerged as a promising growth engine. The company has been struggling to return to its glory days as it has failed to achieve consistency with its results.</p>
<p><img alt="BB daily descending triangle pattern" src="https://www.marketbeat.com/logos/articles/med_20240407134726_chartzy-bb.jpg" style="height:799px; width:915px" /></p>
<h2><strong>Daily Descending Triangle Pattern</strong></h2>
<p>The daily candlestick chart on BB illustrates a descending triangle pattern. The descending (falling) trendline formed at $3.63 on January 23, 2024, capping bounces at lower highs towards the flat-bottom lower trendline at $2.55. The daily relative strength index (RSI) has stalled around the 50-band. The triangle failed a breakdown attempt on March 19, 2024, as shares slingshot higher off the $2.46 swing low to reject the breakout attempt on April 4, 2024, as shares fell back under the descending trendline. Pullback supports are at $2.66, $2.55, $2.34 and $2.20.</p>
<p><strong>Improving Fundamentals </strong></p>
<p>BlackBerry reported fiscal Q4 2024 EPS of 3 cents, beating analyst expectations for a loss of 4 cents by 7 cents. Revenues grew 14.6% to $173 million, beating $150.47 million consensus estimates. Its IoT division&#39;s QNX royalty backlog rose to $815 million.</p>
<h2><strong>Financial Metrics for the Quarter</strong></h2>
<p>The shining highlight was the all-time quarterly record of $66 million achieved in IoT revenue, which jumped 25% YoY. IoT gross margins were 85%. Cybersecurity revenues rose 5% YoY to $92 million, with a gross margin of 65%. Cybersecurity ARR rose sequentially by 3% to $280 million. Licensing revenues were $15 million.</p>
<h2><strong>Momentum Cut Short by Lowered Guidance </strong></h2>
<p>While BlackBerry&#39;s fiscal Q4 2024 report was inspiring, its momentum was again cut short with downside guidance. The company expects a fiscal Q1 2025 EPS loss of 6 cents to 4 cents versus consensus estimates for a loss of 3 cents. Revenue expectations also fell short, with expectations between $130 million and $138 million versus $149.08 million consensus estimates. Full-year 2025 revenues are expected to be between $588 million and $612 million, falling short of the consensus estimates of $627.42 million.</p>
<h2><strong>Two Steps Forward, One Step Back</strong></h2>
<p>BlackBerry appointed its Cybersecurity division president, John Giamatteo, as its new CEO on December 15, 2023. Giamatteo was formerly president and Chief Revenue Officer of cybersecurity giant McAfee and COO at AVG Technologies. The new CEO sparked some positive sentiment, but plans for a spin-off of its IoT division caused shares to topple. On April 3, 2024, a former senior BlackBerry executive filed a lawsuit against Giamatteo and BlackBerry, alleging sexual harassment along with instances with other women. The company denies the claims, stating, &quot;BlackBerry and Mr. Giamatteo believe that these allegations are without merit and intend to defend against them vigorously.&quot;</p>
<p>The article &quot;<a href="https://www.marketbeat.com/stock-ideas/blackberry-gains-on-iot-growth-but-sours-on-guidance-cut/"> BlackBerry Gains on IoT Growth, but Sours on Guidance Cut </a>&quot; first appeared on MarketBeat.</p>


<p>In the ever-changing and fiercely competitive business landscape, conducting thorough company analysis is crucial for investors and industry experts. In this article, we will undertake a comprehensive industry comparison, evaluating <b>Palo Alto Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>)</b> and its primary competitors in the Software industry. By closely examining key financial metrics, market position, and growth prospects, our aim is to provide valuable insights for investors and shed light on company's performance within the industry.</p>
<h3>Palo Alto Networks Background</h3>
<p>Palo Alto Networks is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, and security operations. The California-based firm has more than 85,000 customers across the world, including more than three fourths of the Global 2000.</p>
<table>
<thead>
<tr>
<th><strong>Company</strong></th>
<th><strong>P/E</strong></th>
<th><strong>P/B</strong></th>
<th><strong>P/S</strong></th>
<th><strong>ROE</strong></th>
<th><strong>EBITDA (in billions)</strong></th>
<th><strong>Gross Profit (in billions)</strong></th>
<th><strong>Revenue Growth</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>Palo Alto Networks Inc</td>
<td>43.21</td>
<td>20.70</td>
<td>13.04</td>
<td>53.52%</td>
<td>$0.21</td>
<td>$1.48</td>
<td>19.33%</td>
</tr>
<tr>
<td>Microsoft Corp</td>
<td>38.54</td>
<td>13.29</td>
<td>13.98</td>
<td>9.53%</td>
<td>$33.39</td>
<td>$42.4</td>
<td>17.58%</td>
</tr>
<tr>
<td>Oracle Corp</td>
<td>32.51</td>
<td>60.23</td>
<td>6.60</td>
<td>50.61%</td>
<td>$5.3</td>
<td>$9.41</td>
<td>7.11%</td>
</tr>
<tr>
<td>ServiceNow Inc</td>
<td>92.90</td>
<td>21.06</td>
<td>17.93</td>
<td>3.98%</td>
<td>$0.51</td>
<td>$1.92</td>
<td>25.62%</td>
</tr>
<tr>
<td>CrowdStrike Holdings Inc</td>
<td>839.92</td>
<td>32.62</td>
<td>24.78</td>
<td>2.48%</td>
<td>$0.12</td>
<td>$0.64</td>
<td>32.63%</td>
</tr>
<tr>
<td>Gen Digital Inc</td>
<td>10.25</td>
<td>5.97</td>
<td>3.85</td>
<td>5.96%</td>
<td>$0.47</td>
<td>$0.77</td>
<td>1.6%</td>
</tr>
<tr>
<td>Dolby Laboratories Inc</td>
<td>43.43</td>
<td>3.40</td>
<td>6.37</td>
<td>2.85%</td>
<td>$0.09</td>
<td>$0.28</td>
<td>-5.78%</td>
</tr>
<tr>
<td>Qualys Inc</td>
<td>41.54</td>
<td>16.81</td>
<td>11.35</td>
<td>11.75%</td>
<td>$0.05</td>
<td>$0.12</td>
<td>10.49%</td>
</tr>
<tr>
<td>Teradata Corp</td>
<td>63.26</td>
<td>27.92</td>
<td>2.16</td>
<td>-5.45%</td>
<td>$0.06</td>
<td>$0.28</td>
<td>1.11%</td>
</tr>
<tr>
<td>N-able Inc</td>
<td>98.92</td>
<td>3.34</td>
<td>5.67</td>
<td>1.35%</td>
<td>$0.03</td>
<td>$0.09</td>
<td>13.22%</td>
</tr>
<tr>
<td>Progress Software Corp</td>
<td>33.09</td>
<td>4.80</td>
<td>3.21</td>
<td>4.91%</td>
<td>$0.06</td>
<td>$0.15</td>
<td>12.46%</td>
</tr>
<tr>
<td><strong>Average</strong></td>
<td><strong>129.44</strong></td>
<td><strong>18.94</strong></td>
<td><strong>9.59</strong></td>
<td><strong>8.8%</strong></td>
<td><strong>$4.01</strong></td>
<td><strong>$5.61</strong></td>
<td><strong>11.6%</strong></td>
</tr>
</tbody>
</table>
<style>
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            border-collapse: collapse;
            font-family: Arial, sans-serif;
            font-size: 14px;
        }

        th, td {
            padding: 8px;
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        }

        th {
            background-color: #293a5a;
            color: #fff;
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        tr:nth-child(even) {
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        .dividend-frequency {
            font-size: 12px;
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    </style><p>Through an analysis of Palo Alto Networks, we can infer the following trends: </p>
<ul>
<li>
<p>At <b>43.21</b>, the stock's Price to Earnings ratio is <b>0.33x</b> less than the industry average, suggesting favorable growth potential.</p>
</li>
<li>
<p>It could be trading at a premium in relation to its book value, as indicated by its Price to Book ratio of <b>20.7</b> which exceeds the industry average by <b>1.09x</b>.</p>
</li>
<li>
<p>With a relatively high Price to Sales ratio of <b>13.04</b>, which is <b>1.36x</b> the industry average, the stock might be considered overvalued based on sales performance.</p>
</li>
<li>
<p>The company has a higher Return on Equity (ROE) of <b>53.52%</b>, which is <b>44.72%</b> above the industry average. This suggests efficient use of equity to generate profits and demonstrates profitability and growth potential.</p>
</li>
<li>
<p>With lower Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of <b>$210 Million</b>, which is <b>0.05x</b> below the industry average, the company may face lower profitability or financial challenges.</p>
</li>
<li>
<p>The gross profit of <b>$1.48 Billion</b> is <b>0.26x</b> below that of its industry, suggesting potential lower revenue after accounting for production costs.</p>
</li>
<li>
<p>The company's revenue growth of <b>19.33%</b> is notably higher compared to the industry average of <b>11.6%</b>, showcasing exceptional sales performance and strong demand for its products or services.</p>
</li>
</ul>
<h3>Debt To Equity Ratio</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1712761248_0.png" alt="debt to equity" /></p>
<p>The debt-to-equity (D/E) ratio is a financial metric that helps determine the level of financial risk associated with a company's capital structure.</p>
<p>Considering the debt-to-equity ratio in industry comparisons allows for a concise evaluation of a company's financial health and risk profile, aiding in informed decision-making.</p>
<p>In terms of the Debt-to-Equity ratio, Palo Alto Networks stands in comparison with its top 4 peers, leading to the following comparisons:</p>
<ul>
<li>
<p>Palo Alto Networks has a stronger financial position compared to its top 4 peers, as evidenced by its lower debt-to-equity ratio of <b>0.5</b>.</p>
</li>
<li>
<p>This suggests that the company has a more favorable balance between debt and equity, which can be perceived as a positive indicator by investors.</p>
</li>
</ul>
<h3>Key Takeaways</h3>
<p>For Palo Alto Networks in the Software industry, the PE ratio is low compared to peers, indicating potential undervaluation. The high PB and PS ratios suggest the market values the company's assets and sales highly relative to competitors. With a high ROE, Palo Alto Networks is generating strong returns for shareholders. However, the low EBITDA and gross profit may indicate challenges in operational efficiency. The high revenue growth reflects a positive outlook for the company's future performance compared to industry peers.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Competitor Analysis: Evaluating Palo Alto Networks And Competitors In Software Industry

<p><strong>Palo Alto Networks Inc</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) shares are trading higher Tuesday after the company announced an expansion of its <a href="https://www.benzinga.com/pressreleases/24/04/n38159042/palo-alto-networks-and-google-cloud-expand-partnership-to-revolutionize-cybersecurity-with-ai">partnership with Google Cloud</a>.</p>
<p><strong>What Happened:</strong> Palo Alto announced that it extended and increased its commitment to <strong>Alphabet Inc&#8217;s</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google Cloud with a ten-figure, multi-year commitment and named Google Cloud its <a href="https://www.benzinga.com/topic/ai">AI</a> and infrastructure provider of choice.</p>
<p>Palo Alto said the expanded agreement solidifies its place as Google Cloud&#8217;s preferred next-generation firewall provider. The agreement also underscores the critical importance of platformization fueled by AI to deliver near-real-time security resolutions, the company said.</p>
<p>&#8220;As the threat landscape intensifies, organizations are&nbsp;betting&nbsp;on AI-powered platformization to protect their most valuable assets,&#8221; said&nbsp;<strong>Nikesh Arora</strong>, president and CEO of Palo Alto Networks. </p>
<p>&#8220;The increased depth of Palo Alto Network&#8217;s partnership with Google Cloud empowers customers to transform their digital futures without sacrificing security. We look forward to expanding our footprint using Google&#8217;s capabilities to accelerate and deliver AI-driven cybersecurity advancements.&#8221;</p>
<p>Palo Alto and Google Cloud have maintained a partnership since 2018 focused on transforming cybersecurity.&nbsp;The expanded partnership is expected to create customer value as new and existing workloads are developed and managed with zero-trust network security and enhanced AI capabilities.</p>
<p><em>See Also: <a href="https://www.benzinga.com/news/24/04/38163301/whats-going-on-with-alphabet-stock-tuesday">What&#8217;s Going On With Alphabet Stock Tuesday?</a></em></p>
<h2 class="wp-block-heading">How To Buy PANW Stock</h2>
<p>Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. </p>
<p>For example, in Palo Alto&#8217;s case, it&#8217;s in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment. <strong>Vanguard Total Stock Market ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTI#NYSE">VTI</a>) is the biggest holder of Palo Alto stock in the ETF universe.</p>
<p><strong>PANW Price Action:</strong> <a href="https://www.benzinga.com/quote/PANW">Palo Alto shares </a>were up 3.61% at $278.28 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.</p>
<p><em>Photo: Michael Vi via Shutterstock.</em></p>


Palo Alto Networks shares are trading higher. The company earlier announced an expansion of its partnership with Google Cloud.

Watching Palo Alto Networks; Shares See Volume As Traders Circulate Positive Commentary On The Stock

<p>Financial giants have made a conspicuous bearish move on Palo Alto Networks. Our analysis of options history for Palo Alto Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) revealed 29 unusual trades.</p>
<p>Delving into the details, we found 44% of traders were bullish, while 55% showed bearish tendencies. Out of all the trades we spotted, 10 were puts, with a value of $760,855, and 19 were calls, valued at $1,301,150.</p>
<h3>Expected Price Movements</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $200.0 and $370.0 for Palo Alto Networks, spanning the last three months.</p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>In today's trading context, the average open interest for options of Palo Alto Networks stands at 1007.9, with a total volume reaching 1,350.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Palo Alto Networks, situated within the strike price corridor from $200.0 to $370.0, throughout the last 30 days.</p>
<h3>Palo Alto Networks 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1712594757_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>PANW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$49.3</td>
<td>$48.4</td>
<td>$49.05</td>
<td>$310.00</td>
<td>$490.5K</td>
<td style="text-align: right;">292</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>PANW</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$25.5</td>
<td>$25.3</td>
<td>$25.4</td>
<td>$220.00</td>
<td>$381.0K</td>
<td style="text-align: right;">896</td>
<td style="text-align: right;">157</td>
</tr>
<tr>
<td>PANW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$21.4</td>
<td>$21.25</td>
<td>$21.4</td>
<td>$280.00</td>
<td>$173.3K</td>
<td style="text-align: right;">169</td>
<td style="text-align: right;">84</td>
</tr>
<tr>
<td>PANW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$26.0</td>
<td>$25.8</td>
<td>$26.0</td>
<td>$260.00</td>
<td>$85.8K</td>
<td style="text-align: right;">351</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>PANW</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$70.55</td>
<td>$69.55</td>
<td>$70.55</td>
<td>$310.00</td>
<td>$70.5K</td>
<td style="text-align: right;">18</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
</p>
<h3>About Palo Alto Networks</h3>
<p>Palo Alto Networks is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, and security operations. The California-based firm has more than 85,000 customers across the world, including more than three fourths of the Global 2000.</p>
<p>Having examined the options trading patterns of Palo Alto Networks, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>Where Is Palo Alto Networks Standing Right Now?</h3>
<ul>
<li>With a trading volume of 1,620,902, the price of PANW is up by 0.18%, reaching $269.5.</li>
<li>Current RSI values indicate that the stock is may be approaching oversold.</li>
<li>Next earnings report is scheduled for 43 days from now.</li>
</ul>
<h3>What The Experts Say On Palo Alto Networks</h3>
<p>A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $340.0.</p>
<ul>
<li>An analyst from Stifel has revised its rating downward to Buy, adjusting the price target to $330. </li>
<li>An analyst from Redburn Atlantic has decided to maintain their Buy rating on Palo Alto Networks, which currently sits at a price target of $350. </li>
</ul>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Palo Alto Networks with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Smart Money Is Betting Big In PANW Options

<p>On CNBC&rsquo;s &quot;Mad Money Lightning Round,&quot; <strong>Jim Cramer</strong> said he didn&rsquo;t like the last quarter of <strong> GitLab Inc. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gtlb#NASDAQ">GTLB</a>). &quot;I went over it with a fine tooth comb. There was nothing there that made me feel terrific about a high <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37826380/gitlab-is-a-beneficiary-of-gen-ai-and-has-growth-upside-says-bullish-analyst">multiple stock,&quot; he added.</a></p>
<p>On April 1, Truist Securities analyst Joel Fishbein reiterated GitLab with a Buy and maintained an $80 price target.</p>
<p>In early March, the San Francisco-based software company announced that it beat fourth-quarter estimates, but analysts had mixed reactions <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37491567/whats-going-on-with-gitlab-stock-tuesday">regarding the 2025 outlook</a>.</p>
<p><strong>Snap Inc. </strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/snap#NYSE">SNAP</a>) did not have a good quarter, Cramer said.</p>
<p>On Feb. 6, Snap said its fourth-quarter revenue increased 5% year-over-year to $1.361 billion, which missed the consensus estimate of $1.38 billion, according to Benzinga Pro. The company reported quarterly adjusted earnings of 8 cents per share, which beat analyst <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/36990302/snap-stock-plummets-on-heels-of-choppy-q4-results-4-analysts-await-consistent-execu">estimates of 6 cents per share</a>.</p>
<p>&quot;We are in a tougher tape than we were, the stock is only down five points from its high, Cramer said when asked about <strong> Blackstone Inc. </strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bx#NYSE">BX</a>). &quot;I&rsquo;m trying to figure out where I can make a stand, and the stand is not reached at 126.&quot;</p>
<p>On April 2, UBS downgraded the stock from Buy to Neutral and lowered the price target from $140 to $135.</p>
<p>The &quot;Mad Money&quot; host said it&rsquo;s time to buy <strong> Palo Alto Networks, Inc. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/panw#NASDAQ">PANW</a>).</p>
<p>On Feb. 26, Palo Alto Networks announced the launch of a private 5G security solution with Nvidia and other partners.</p>
<p>When asked about <strong> Rocket Companies, Inc. </strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rkt#NYSE">RKT</a>), he said, &quot;You do not want to be in that stock, it is time to &lsquo;ka-ching, ka-ching.&rsquo;&quot;</p>
<p>On Feb. 22, Rocket Companies reported better-than-expected fourth-quarter financial results and issued guidance.</p>
<p><strong>Price Action:</strong></p>
<ul>
<li>Shares of GitLab gained 0.2% to close at $56.60 on Thursday.</li>
<li>Snap shares fell 1.2% to close at $11.02.</li>
<li>Blackstone shares fell 0.4% to settle at $126.01 on Thursday.</li>
<li>Rocket Companies shares fell 1.3% to close at $13.07 during Thursday&rsquo;s session.</li>
<li>Palo Alto Networks shares fell 1.6% to settle at $265.20.</li>
</ul>
<p><em>Read Next: </em><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38087713/over-1m-bet-on-this-industrial-stock-check-out-these-4-stocks-insiders-are-buying"><em><em> </em>Over $1M Bet On This Industrial Stock? Check Out These 4 Stocks Insiders Are Buying </em></a></p>


Media

GTLB

SNAP

Jim Cramer: 'Nothing Terrific' About GitLab, But Rocket? Time To 'Ka-Ching, Ka-Ching'

<p>This whale alert can help traders discover the next big trading opportunities.</p>
<p>Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.</p>
<p>Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. </p>
<p>Here's the list of options activity happening in today's session:<br />
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/05/24</td>
<td>$895.00</td>
<td>$32.0K</td>
<td>4.6K</td>
<td>18.4K</td>
</tr>
<tr>
<td>SMTC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$38.00</td>
<td>$380.0K</td>
<td>61</td>
<td>4.0K</td>
</tr>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/05/24</td>
<td>$73.00</td>
<td>$41.2K</td>
<td>290</td>
<td>3.9K</td>
</tr>
<tr>
<td>VERI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$7.50</td>
<td>$33.3K</td>
<td>2.2K</td>
<td>2.8K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/05/24</td>
<td>$1080.00</td>
<td>$41.4K</td>
<td>714</td>
<td>2.1K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/05/24</td>
<td>$1700.00</td>
<td>$356.5K</td>
<td>833</td>
<td>1.7K</td>
</tr>
<tr>
<td>AKAM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$90.00</td>
<td>$28.3K</td>
<td>69</td>
<td>659</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$30.00</td>
<td>$27.2K</td>
<td>15.0K</td>
<td>542</td>
</tr>
<tr>
<td>ASML</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>04/19/24</td>
<td>$1000.00</td>
<td>$30.4K</td>
<td>719</td>
<td>416</td>
</tr>
<tr>
<td>PANW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$272.50</td>
<td>$59.0K</td>
<td>229</td>
<td>315</td>
</tr>
</tbody>
</table>
</p>
<h2>Explanation</h2>
<p>These itemized elaborations have been created using the accompanying table.  </p>
<p>•  Regarding <strong>NVDA</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a <strong>put</strong> option <strong>sweep</strong> with <strong>bullish</strong> sentiment. It expires in 1 day(s) on <strong>April 5, 2024</strong>. Parties traded <strong>40</strong> contract(s) at a <strong>$895.00</strong> strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was <strong>$32.0K</strong>, with a price of <strong>$800.0</strong> per contract. There were <strong>4699</strong> open contracts at this strike prior to today, and today <strong>18480</strong> contract(s) were bought and sold. </p>
<p>•  For <strong>SMTC</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NASDAQ">SMTC</a>), we notice a <strong>call</strong> option <strong>trade</strong> that happens to be <strong>bullish</strong>, expiring in 15 day(s) on <strong>April 19, 2024</strong>. This event was a transfer of <strong>4000</strong> contract(s) at a <strong>$38.00</strong> strike. The total cost received by the writing party (or parties) was <strong>$380.0K</strong>, with a price of <strong>$95.0</strong> per contract. There were <strong>61</strong> open contracts at this strike prior to today, and today <strong>4069</strong> contract(s) were bought and sold. </p>
<p>•  Regarding <strong>WDC</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>), we observe a <strong>call</strong> option <strong>trade</strong> with <strong>bearish</strong> sentiment. It expires in 1 day(s) on <strong>April 5, 2024</strong>. Parties traded <strong>634</strong> contract(s) at a <strong>$73.00</strong> strike. The total cost received by the writing party (or parties) was <strong>$41.2K</strong>, with a price of <strong>$65.0</strong> per contract. There were <strong>290</strong> open contracts at this strike prior to today, and today <strong>3991</strong> contract(s) were bought and sold. </p>
<p>•  Regarding <strong>VERI</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERI#NASDAQ">VERI</a>), we observe a <strong>call</strong> option <strong>sweep</strong> with <strong>bearish</strong> sentiment. It expires in 15 day(s) on <strong>April 19, 2024</strong>. Parties traded <strong>390</strong> contract(s) at a <strong>$7.50</strong> strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was <strong>$33.3K</strong>, with a price of <strong>$85.0</strong> per contract. There were <strong>2207</strong> open contracts at this strike prior to today, and today <strong>2808</strong> contract(s) were bought and sold. </p>
<p>•  Regarding <strong>SMCI</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we observe a <strong>call</strong> option <strong>sweep</strong> with <strong>bearish</strong> sentiment. It expires in 1 day(s) on <strong>April 5, 2024</strong>. Parties traded <strong>270</strong> contract(s) at a <strong>$1080.00</strong> strike. This particular call needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was <strong>$41.4K</strong>, with a price of <strong>$150.0</strong> per contract. There were <strong>714</strong> open contracts at this strike prior to today, and today <strong>2128</strong> contract(s) were bought and sold. </p>
<p>•  Regarding <strong>MSTR</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a <strong>call</strong> option <strong>sweep</strong> with <strong>bearish</strong> sentiment. It expires in 1 day(s) on <strong>April 5, 2024</strong>. Parties traded <strong>112</strong> contract(s) at a <strong>$1700.00</strong> strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was <strong>$356.5K</strong>, with a price of <strong>$3180.0</strong> per contract. There were <strong>833</strong> open contracts at this strike prior to today, and today <strong>1710</strong> contract(s) were bought and sold. </p>
<p>•  For <strong>AKAM</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>), we notice a <strong>put</strong> option <strong>sweep</strong> that happens to be <strong>bearish</strong>, expiring in 43 day(s) on <strong>May 17, 2024</strong>. This event was a transfer of <strong>407</strong> contract(s) at a <strong>$90.00</strong> strike. This particular put needed to be split into 33 different trades to become filled. The total cost received by the writing party (or parties) was <strong>$28.3K</strong>, with a price of <strong>$70.0</strong> per contract. There were <strong>69</strong> open contracts at this strike prior to today, and today <strong>659</strong> contract(s) were bought and sold. </p>
<p>•  For <strong>MARA</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we notice a <strong>call</strong> option <strong>trade</strong> that happens to be <strong>bearish</strong>, expiring in 288 day(s) on <strong>January 17, 2025</strong>. This event was a transfer of <strong>50</strong> contract(s) at a <strong>$30.00</strong> strike. The total cost received by the writing party (or parties) was <strong>$27.2K</strong>, with a price of <strong>$545.0</strong> per contract. There were <strong>15010</strong> open contracts at this strike prior to today, and today <strong>542</strong> contract(s) were bought and sold. </p>
<p>•  For <strong>ASML</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>), we notice a <strong>call</strong> option <strong>trade</strong> that happens to be <strong>neutral</strong>, expiring in 15 day(s) on <strong>April 19, 2024</strong>. This event was a transfer of <strong>9</strong> contract(s) at a <strong>$1000.00</strong> strike. The total cost received by the writing party (or parties) was <strong>$30.4K</strong>, with a price of <strong>$3384.0</strong> per contract. There were <strong>719</strong> open contracts at this strike prior to today, and today <strong>416</strong> contract(s) were bought and sold. </p>
<p>•  Regarding <strong>PANW</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>), we observe a <strong>call</strong> option <strong>trade</strong> with <strong>bullish</strong> sentiment. It expires in 15 day(s) on <strong>April 19, 2024</strong>. Parties traded <strong>100</strong> contract(s) at a <strong>$272.50</strong> strike. The total cost received by the writing party (or parties) was <strong>$59.0K</strong>, with a price of <strong>$590.0</strong> per contract. There were <strong>229</strong> open contracts at this strike prior to today, and today <strong>315</strong> contract(s) were bought and sold. </p>
<p><strong>Options Alert Terminology</strong><br />
 - <strong>Call Contracts:</strong> The right to buy shares as indicated in the contract.<br />
 - <strong>Put Contracts:</strong> The right to sell shares as indicated in the contract.<br />
 - <strong>Expiration Date:</strong> When the contract expires. One must act on the contract by this date if one wants to use it.<br />
 - <strong>Premium/Option Price:</strong> The price of the contract.  </p>
<p>For more information, visit our <em><a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a></em> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>.  </p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


AKAM

ASML

MARA

MSTR

NVDA

SMCI

SMTC

VERI

10 Information Technology Stocks With Whale Alerts In Today's Session

Palo Alto Networks shares are trading lower amid weakness in tech stocks as Treasury yields rise.

<p>Palo Alto Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) has outperformed the market over the past 10 years by 18.29% on an annualized basis producing an average annual return of 29.12%. Currently, Palo Alto Networks has a market capitalization of $88.85 billion. </p>
<p><strong>Buying $100 In PANW:</strong> If an investor had bought $100 of PANW stock 10 years ago, it would be worth <strong>$1,357.60</strong> today based on a price of $275.00 for PANW at the time of writing.</p>
<h3>Palo Alto Networks's Performance Over Last 10 Years</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1712066417_0.png" alt="comp_fig" /></p>
<p>Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Here's How Much You Would Have Made Owning Palo Alto Networks Stock In The Last 10 Years

Headwaters Capital - Climb Global Solutions: The Middle Man For The Middle Man

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Finding opportunities that have the potential to provide large profits is crucial. Three tech companies have emerged as strong competitors with promising futures in the tech sector. These businesses have drawn notice for their strategic initiatives that set them up for future growth, market dominance and strong financial results.</p>



<p>The first one stands out for its outstanding financial results, showcasing significant gross merchandise value (GMV) gains and a growing user base. This illustrates its ability to draw in and keep buyers and sellers, which results in increased transaction amounts and earnings.</p>



<p>Likewise, the latter is notable for its remarkable rise in Remaining Performance Obligation (RPO), which indicates robust revenue visibility and the capacity to win long-term customer commitments. Investors will feel more confident about the company&rsquo;s stability and potential revenue streams.</p>



<p>The third, meanwhile, has invested in state-of-the-art AI-driven product suites that improve campaign performance and customer experience, marking a major advancement in innovation. </p>



<p>These three businesses offer a combination of sound financial standing, promising markets and astute strategic planning.</p>



<h2>GigaCloud (GCT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/ecommerce1600d-min-300x169.jpg" alt="e-commerce stocks, Image of small shopping bags sitting in a shopping cart on a computer. Strong Buy E-Commerce Stocks"><div>Source: Shutterstock</div></div><p><strong>GigaCloud</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/gct-stock-quote/"><strong>GCT</strong></a></span>) has shown impressive financial results. For instance, over the 12 months (ended 2023), GigaCloud Marketplace GMV climbed by&nbsp;<a href="https://investors.gigacloudtech.com/news-releases/news-release-details/gigacloud-technology-inc-announces-fourth-quarter-2023-and-year" target="_blank">53.3% year-over-year</a>&nbsp;(YoY). Active 3P buyers jumped by 20.5% to 5,010, while active sellers expanded by 45.5% YoY to 815. At $158,569, the spend per active customer increased by 27.2% YoY. These operational KPIs show how well GigaCloud can draw in and keep buyers and sellers, which increases transaction volumes and earnings.</p>



<p>Comparably, net income increased for the entire year from $24.0 million in 2022 to&nbsp;<a href="https://investors.gigacloudtech.com/news-releases/news-release-details/gigacloud-technology-inc-announces-fourth-quarter-2023-and-year" target="_blank">$94.1 million in 2023</a>, and the net income margin increased from 4.9% to 13.4%. GigaCloud&rsquo;s capacity to effectively turn revenues into profits, as seen by the notable net income and margin growth, demonstrates solid operational performance and successful cost-control strategies.</p>



<p>Moreover, through the acquisitions of&nbsp;<a href="https://investors.gigacloudtech.com/static-files/c6140b97-a5b3-4545-a61a-c11a8a593faa" target="_blank">Noble House and Wondersign</a>, GigaCloud has proactively increased its product line scope, market penetration, and technological prowess. In short, incorporating Wondersign improves GigaCloud&rsquo;s digital signage and customer-facing solutions. Lastly, the acquisition of Noble House has expanded warehouse capacity, product SKUs and supplier networks.&nbsp;</p>



<h2>Palo Alto (PANW)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/panw-stock-1-300x169.jpg" alt="Palo Alto Networks (PANW) logo on corporate building"><div>Source: Sundry Photography / Shutterstock.com</div></div><p>The RPO of <strong>Palo Alto</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/panw-stock-quote/"><strong>PANW</strong></a></span>) increased to&nbsp;<a href="https://investors.paloaltonetworks.com/news-releases/news-release-details/palo-alto-networks-reports-fiscal-second-quarter-2024-financial" target="_blank">$10.8 billion in Q2 fiscal 2024</a>, representing 22% annual growth. The notable increase in RPO indicates a sizable backlog of contracted revenue, which leads to potential stable revenue streams. Palo Alto&rsquo;s ability to obtain long-term customer commitments and preserve solid customer relationships is reflected in its backlog. With a rising RPO, Palo Alto Networks has improved revenue visibility and predictability.&nbsp;</p>



<p>Thanks to this visibility, the company can more accurately project future financial performance, allocate resources and make well-informed strategic decisions. Additionally, Palo Alto&rsquo;s financial estimates for 2024 signify solid revenue, billings and EPS growth projections. Total billings of between $10.10 billion and $10.20 billion are projected, indicating an increase of&nbsp;<a href="https://investors.paloaltonetworks.com/news-releases/news-release-details/palo-alto-networks-reports-fiscal-second-quarter-2024-financial" target="_blank">10% to 11% YoY.</a></p>



<p>PANW&rsquo;s estimated top-line in 2024 stands between&nbsp;<a href="https://investors.paloaltonetworks.com/static-files/ba0097e4-ce00-484a-a2d5-94bfc5b24759" target="_blank">$7.95 billion to $8 billion</a>, growing between 15% and 16% annually. Similarly, the forecasted non-GAAP operating margin falls between 26.5% and 27.0%, and the projected diluted non-GAAP net income per share is between $5.45 and $5.55. To conclude, the outlook strongly emphasizes approaching growth and profitability in a balanced manner, with goals for increased revenue and improved margins.&nbsp;</p>



<h2>Viant (DSP)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/advertising1600-300x169.jpg" alt="graphic of laptop screens displaying ad space"><div>Source: Shutterstock</div></div><p><strong>Viant</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/dsp-stock-quote/"><strong>DSP</strong></a></span>) has made considerable investments in creating cutting-edge product suites that use AI and machine learning to improve the customer experience and boost campaign performance. Examples of these suites are AI Bid Optimizer and the Viant Data platform. The AI Bid Optimizer has garnered significant traction among clients. This enables them to realize an average of&nbsp;<a href="https://investors.viantinc.com/news-releases/news-release-details/viant-technology-announces-fourth-quarter-and-full-year-2023" target="_blank">35% cost per mile&nbsp;</a>(CPM) savings.&nbsp;</p>



<p>Moreover, Viant intends to introduce a&nbsp;<a target="_blank" href="https://investors.viantinc.com/static-files/f8229159-9a45-44af-a22a-d0d7c81cf0e2">second-generation</a>&nbsp;optimizer, which should result in even greater cost savings. The Viant Data platform, which activates first-party data without depending on cookies, has observed good early adoption rates. This has led to higher spending on the platform and outsized campaign results, especially among top customers.</p>



<p>Furthermore, among the four enterprise-grade self-service demand-side platforms available in the market, Viant is&nbsp;<a href="https://finance.yahoo.com/news/viant-technology-inc-nasdaq-dsp-151326884.html" target="_blank">one of the only two</a>&nbsp;that is buy-side solely, indicating that it is not involved in representing any publisher inventory. In summary, advertisers have responded favorably to the company&rsquo;s focus on providing mid-market companies with a more data-driven platform. </p>



<p>Finally, the platform provides superior results and support compared to platforms tailored to substantial international brands&rsquo; needs.</p>



<p><em>On the date of publication, Yiannis Zourmpanos did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.</em></p>
<div><p>Yiannis Zourmpanos is the founder of Yiazou Capital Research, a stock-market research platform designed to elevate the due diligence process through in-depth business analysis.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/next-big-thing-3-tech-stocks-to-outperform-the-market-by-2028/">Next Big Thing: 3 Tech Stocks to Outperform the Market by 2028</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

Next Big Thing: 3 Tech Stocks to Outperform the Market by 2028

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Finding good prospects is crucial when making technological investments. In 2024, three gems stand ready to change the whole market narrative. These businesses, which operate across a range of industries, from information technology to industrials, have solid growth and innovation stories and are solid options among <span><a href="https://investorplace.com/industries/technology/artificial-intelligence/">AI stocks</a></span>.</p>



<p>The first company&rsquo;s shift from net losses to net profits signals significant financial and operational improvement, bolstered by securing lucrative contracts. Meanwhile, the second company is rapidly adopting platformization to drive client adoption and secure future revenue streams, aligning with its ambitious revenue goal by 2030. Lastly, the third company&rsquo;s strong revenue growth and market dominance in voice AI products indicate its potential to lead the next generation and outperform the market in 2024 and beyond. These are the top AI stocks investors should consider in 2024 &mdash; and beyond. </p>



<h2>Innodata (INOD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/data1600b-300x169.jpg" alt="Abstract Futuristic infographic with Visual data complexity , represent Big data concept, node base programming. storage stocks"><div>Source: Shutterstock</div></div><p><strong>Innodata</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/inod-stock-quote/"><strong>INOD</strong></a></span>) has reversed its net loss trend toward profitability. This signifies enhanced financial stability and operational effectiveness, critical to maintaining growth momentum. Q4 2023 delivered a&nbsp;<a href="https://feeds.issuerdirect.com/news-release.html?newsid=4787044180733416" target="_blank">net income of $1.7 million</a>, as opposed to a net loss of $2 million in Q4 2022.</p>



<p>Certainly, the change from net losses to profitability reflects Innodata&rsquo;s edge in deriving top-line, cost control and operations. The company&rsquo;s financial standing solidifies upcoming growth projects. Additionally, significant long-term contracts that Innodata has landed offer revenue visibility and stability vital to propel valuation growth. </p>



<p>With a big tech customer, the business landed a three-year contract for around $23 million annually or&nbsp;<a href="https://finance.yahoo.com/news/innodata-inc-nasdaq-inod-q4-171456691.html" target="_blank">$69 million over the three years.</a> Thus, long-term agreements give Innodata a stable top-line for smart resource planning and allocation. This large contract derives from the company&rsquo;s competitive stance and the perceived value of its services.</p>



<p>To conclude, the company wants to grow at a rate of&nbsp;<a href="https://finance.yahoo.com/news/innodata-inc-nasdaq-inod-q4-171456691.html" target="_blank">20% annually by 2024.</a>&nbsp;This is primarily by entering the enterprise and big tech sectors. Therefore, by concentrating on high-growth areas, Innodata fits industry trends and sets itself up for long-term growth, making it an ideal option among AI stocks.&nbsp;</p>



<h2>Palo Alto (PANW)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/panw-stock-1-300x169.jpg" alt="Palo Alto Networks (PANW) logo on corporate building"><div>Source: Sundry Photography / Shutterstock.com</div></div><p><strong>Palo Alto&rsquo;s</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/panw-stock-quote/"><strong>PANW</strong></a></span>) remaining performance obligations (RPO)&nbsp;<a href="https://investors.paloaltonetworks.com/news-releases/news-release-details/palo-alto-networks-reports-fiscal-second-quarter-2024-financial" target="_blank">grew by 22%&nbsp;</a>(Q2 2024), while its top-line has attained a boost of 19%. This indicates that Palo Alto is sharply locking future income streams from its current contracts, implying that growth will continue steadily in the upcoming quarters.</p>



<p>Moreover, Palo Alto emphasized its commitment to promoting client adoption of its integrated cybersecurity solutions while outlining its expedited&nbsp;<a target="_blank" href="https://investors.paloaltonetworks.com/static-files/25b8ae72-f8a1-490c-8c62-e4d86dd5db91">platformization and consolidation plan</a>. The startup wants to benefit from the cybersecurity market&rsquo;s move toward platform-based solutions.</p>



<p>Certainly, programs and activities aimed at reducing customer friction, speeding up product launches and promoting vendor consolidation help Palo Alto&rsquo;s platformization ambitions. These initiatives include incentives to standardize estate rollout, no-cost introductory offers and legacy trade-ins to ease the transition to Palo Alto&rsquo;s integrated platforms.</p>



<p>Further, Palo Alto&rsquo;s platformization approach is anticipated to affect the company&rsquo;s financial performance in the medium to long run. However, platformization initiatives may initially put pressure on billing growth.</p>



<p>Finally, Palo Alto&rsquo;s platformization approach also projects the company&rsquo;s long-term objectives forward. This includes boosting its annual recurring revenue (<span>ARR</span>) to&nbsp;<a href="https://investors.paloaltonetworks.com/static-files/25b8ae72-f8a1-490c-8c62-e4d86dd5db91" target="_blank">$15 billion by 2030</a>&nbsp;and attaining industry-leading non-GAAP operating margins.</p>



<h2>SoundHound (SOUN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/02/soun1600-1-300x169.png" alt="In this photo illustration, the SoundHound logo seen displayed on a smartphone. SOUN stock"><div>Source: rafapress / Shutterstock.com</div></div><p>Its top-line is the base factor enabling <strong>SoundHound&rsquo;s</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/soun-stock-quote/"><strong>SOUN</strong></a></span>) explosive valuation potency. SoundHound had a considerable rise in revenue in Q4 2023, coming in at&nbsp;<a href="https://investors.soundhound.com/news-releases/news-release-details/soundhound-ai-reports-record-quarter-80-q4-revenue-growth-171" target="_blank">$17.1 million</a>, reflecting a massive 80% increase over Q4 2022. This boost exceeds the norm for the industry and signifies that SoundHound can take market share and develop its top-line AI products.</p>



<p>The revenue for 2023 was $45.9 million, a&nbsp;<a href="https://investors.soundhound.com/news-releases/news-release-details/soundhound-ai-reports-record-quarter-80-q4-revenue-growth-171" target="_blank">47% increase over 2022</a>. This year&rsquo;s growth demonstrates the heavy demand for SoundHound&rsquo;s offerings across a range of industries. The growth context from 2022 to 2023 shows how well SoundHound has been fundamentally able to grow its business and take advantage of market possibilities.</p>



<p>Moreover, SoundHound has a solid revenue projection for 2024 and 2025. The company has set a midpoint target of $70 million and anticipates sales for 2024 to range from $63 to $77 million. Thus, SoundHound is efficient in its ability to hit a bigger top-line and maintain its prevailing growth trajectory.</p>



<p>Lastly, the 2025 projection suggests a top-line pass of <a href="https://investors.soundhound.com/static-files/383b1f99-cbc9-408f-afb9-d5ba354067aa" target="_blank">$100 million</a>. In short, this highlights SoundHound&rsquo;s potential for long-term growth and its dedication to ongoing growth and market lead.</p>



<p><em>On the date of publication, Yiannis Zourmpanos did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.</em></p>
<div><p>Yiannis Zourmpanos is the founder of Yiazou Capital Research, a stock-market research platform designed to elevate the due diligence process through in-depth business analysis.</p></div><h3>More From InvestorPlace</h3>
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Next-Gen Movers: 3 Hidden AI Stocks Set to Outpace the Market in 2024

In a report released yesterday, Jonathan Ruykhaver from Cantor Fitzgerald maintained a Buy rating on Palo Alto Networks (PANW – Research Report), w...

Cantor Fitzgerald Reaffirms Their Buy Rating on Palo Alto Networks (PANW)

ClearBridge Large Cap Growth ESG Strategy Q1 2024 Portfolio Manager Commentary

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><a href="https://investorplace.com/industries/technology/cybersecurity/">Cybersecurity stocks</a> have been going through a tough stretch. Many cybersecurity firms that have dominated the stock market since the pandemic (and even before that point) have been losing momentum.&nbsp;</p>



<p>Earnings misses, reduced guidance and frothy valuations fill the industry. This combination of factors makes it more difficult to find quality cybersecurity stock, especially pure plays. While many firms are experiencing slowdowns, the cybersecurity industry is here to stay. It&rsquo;s projected to achieve a&nbsp;<a href="https://www.grandviewresearch.com/industry-analysis/cyber-security-market#:~:text=Cyber%20Security%20Market%20Size%20&amp;%20Trends,12.3%25%20from%202023%20to%202030." target="_blank">c</a>ompounded annual growth rate of <a href="https://www.grandviewresearch.com/industry-analysis/cyber-security-market#:~:text=Cyber%20Security%20Market%20Size%20&amp;%20Trends,12.3%25%20from%202023%20to%202030." target="_blank">12.3% until 2030</a>.</p>



<p>Businesses need to keep themselves safe from hackers. Too much data and assets are at risk. These three cybersecurity stocks to buy now are companies that can protect businesses and generate long-term returns for shareholders.</p>



<h2><strong>Crowdstrike (CRWD)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/crwd1600-300x169.png" alt="Person holding smartphone with logo of US software company CrowdStrike Holdings Inc. (CRWD) on screen in front of website. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div><p><strong>Crowdstrike</strong>&nbsp;(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/crwd-stock-quote/"><strong>CRWD</strong></a></span>) is one of the best cybersecurity stocks to buy now for investors who don&rsquo;t mind a high valuation. Unlike most competitors, Crowdstrike is still growing at an impressive rate. The cybersecurity firm recently reported 33% year-over-year revenue growth in&nbsp;<a href="https://ir.crowdstrike.com/news-releases/news-release-details/crowdstrike-reports-fourth-quarter-and-fiscal-year-2024" target="_blank">Q4 FY24</a>. Guidance suggests that revenue growth will remain high.&nbsp;</p>



<p>The firm generates a good chunk of its revenue through a recurring business model. Annual recurring revenue grew by 34% year-over-year to reach $3.44 billion. The company also expanded its profit margins with $53.7 million in GAAP net income compared to a $47.5 million GAAP net loss in the same period last year.</p>



<p>Investors have noticed and are continuing to accumulate the stock. Shares are up by 25% year-to-date and trade at a&nbsp;<a target="_blank" href="https://finance.yahoo.com/quote/CRWD/key-statistics">78-forward P/E ratio</a>. If vast profit margin expansion continues, the stock can grow in its valuation. A good compounded annual growth rate for the cybersecurity industry combined with weaknesses from its competitors suggests Crowdstrike can capitalize on the opportunity.</p>



<h2><strong>Palo Alto Networks (PANW)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/panw-stock-1-300x169.jpg" alt="Palo Alto Networks (PANW) logo on corporate building"><div>Source: Sundry Photography / Shutterstock.com</div></div><p><strong>Palo Alto Networks</strong>&nbsp;(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/panw-stock-quote/"><strong>PANW</strong></a></span>) was once a heralded cybersecurity stock until a recent earnings report dragged down the stock price. The stock is down by 3% year-to-date but has gained 240% over the past five years.</p>



<p>Revenue grew by 19% year-over-year in&nbsp;<a href="https://investors.paloaltonetworks.com/news-releases/news-release-details/palo-alto-networks-reports-fiscal-second-quarter-2024-financial" target="_blank">Q2 FY24</a>,&nbsp;a lower growth rate than previous quarters. The company had been generating 25% year-over-year revenue growth in previous quarters. Palo Alto Networks generated $135.5 million in income before income taxes during the quarter. Using this distinction is important since the company received a $1.6 billion benefit from income taxes. That&rsquo;s why the company has an inflated net income of $1.7 billion in GAAP, which isn&rsquo;t an accurate metric for gauging the stock.</p>



<p>Income before income taxes increased from $118.8 million in Q2 FY23 to $135.5 million in the most recent quarter. That&rsquo;s a 14% year-over-year growth rate. The company anticipates revenue growth to range from 13% to 15% in Q3 FY24.&nbsp;</p>



<p>The big drop may present a long-term buying opportunity. The stock has an average rating of &ldquo;<a target="_blank" href="https://www.tipranks.com/stocks/panw/forecast">Moderate Buy</a>&rdquo; and an implied 20% upside. Recent post-earnings price targets have been mostly positive and indicate the stock can gain more than 20%.</p>



<h2><strong>Microsoft (MSFT)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/10/msft1600-1-300x169.png" alt="Microsoft logo close up. Microsoft (MSFT) Flagship Store Fifth Avenue, Manhattan, NYC."><div>Source: The Art of Pics / Shutterstock.com</div></div><p><strong>Microsoft&nbsp;</strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/msft-stock-quote/"><strong>MSFT</strong></a></span>) isn&rsquo;t a pure-play cybersecurity stock, but it has a lot going for it. Most of the company&rsquo;s revenue&nbsp;<a href="https://www.microsoft.com/en-us/investor/earnings/fy-2024-q2/press-release-webcast" target="_blank">comes from cloud computing</a>. The platform helps businesses run more efficiently, but it&rsquo;s also a digital resource companies have to protect.&nbsp;</p>



<p>The tech giant has a suite of cybersecurity software and recently announced&nbsp;<a href="https://www.microsoft.com/en-us/security/business/ai-machine-learning/microsoft-copilot-security" target="_blank">Copilot for Security</a>&nbsp;to gain more market share. This feature makes cybersecurity more accessible for individuals and small businesses. Copilot is the company&rsquo;s artificial intelligence tool that has many users. It&rsquo;s not just for cybersecurity; the company&rsquo;s recent innovation will increase Copilot&rsquo;s adoption.</p>



<p>The stock has outperformed the stock market for many years and is up 225% over the past five years. Analysts are bullish on the stock and believe it can&nbsp;increase by <a href="https://www.tipranks.com/stocks/msft/forecast" target="_blank">12% from current levels</a>. The stock is rated as a &ldquo;Strong Buy&rdquo; by 35 analysts. Recent price target hikes suggest the stock can gain more than 12%. The highest price target of $550 per share implies a 30% gain.</p>



<p><em>On this date of publication, Marc Guberti held a long position in MSFT. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines</em></a><em>.</em></p>
<div><p>Marc Guberti is a finance freelance writer at InvestorPlace.com who hosts the Breakthrough Success Podcast. He has contributed to several publications, including the U.S. News &amp; World Report, Benzinga, and Joy Wallet.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/the-3-best-cybersecurity-stocks-to-buy-now-q2-edition/">The 3 Best Cybersecurity Stocks to Buy Now: Q2 Edition</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

The 3 Best Cybersecurity Stocks to Buy Now: Q2 Edition

Technology's outlook hurdles for Q2 - SSGA

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Earnings season is a time when many companies redeem themselves. It doesn&rsquo;t take much for a beaten down stock to turnaround. A strong quarterly print and upbeat guidance can lead to a big reversal higher in a share price. The stock of <strong>United Airlines</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/ual-stock-quote/"><strong>UAL</strong></a></span>) just <a href="https://www.cnbc.com/2024/04/16/united-airlines-ual-1q-2024-earnings.html#:~:text=United%20posted%20a%20net%20loss,than%209%25%20on%20the%20year.">rose 17% in a single day</a> after the carrier issued better-than-expected financial results and offered a bullish outlook to Wall Street. The post-earnings bump pushed UAL stock into positive territory for the year. </p>



<p>So, whose next? Which beaten down stocks are also likely to move sharply higher when they <a href="https://advantage.factset.com/hubfs/Website/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_041224.pdf#:~:text=For%20CY%202024%2C%20analysts%20are,%2Dyear%20average%20(17.8).">report first quarter 2024</a> financial results in the coming weeks? There are plenty of candidates given that many well-known and popular names have seen their share price slide lower since the start of the year while the broader market rallied between January and March. Forget the noise: buy these three unfairly punished stocks before earnings euphoria hits.     </p>



<h2>Palo Alto Networks (PANW)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/panw-stock-1-300x169.jpg" alt="Palo Alto Networks (PANW) logo on corporate building"><div>Source: Sundry Photography / Shutterstock.com</div></div><p>Shares of cybersecurity firm <strong>Palo Alto Networks</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/panw-stock-quote/"><strong>PANW</strong></a></span>) <a href="https://www.cnbc.com/2024/02/20/palo-alto-networks-shares-plunge-after-company-cuts-billings-revenue-guidance.html#:~:text=Earnings%20per%20share%3A%20%241.46%20adjusted,%241.30%20expected">fell more than 20%</a> and logged their worst one-day performance ever after the company&rsquo;s last earnings print. Analysts seemed to agree that the selloff was an overreaction and <a href="https://www.tipranks.com/stocks/panw/forecast">remain bullish</a> on PANW stock. The company could be in for a bounce back quarter after it reports 2024 first quarter results on May 28. Year to date, the stock is down 2%, which is uncharacteristic. Through five years, PANW stock is up 245%.</p>



<p>Palo Alto Networks did manage to beat Wall Street forecasts with its most recent financial results. The problem was with the guidance. The company <a href="https://www.marketwatch.com/story/palo-alto-networks-stock-tumbles-as-earnings-forecast-underwhelms-5c7f50af">lowered its full-year guidance</a> for both revenue and billings, sending investors heading for the hills. Management linked the lowered guidance to a shift in strategy, wanting to accelerate growth in artificial intelligence (<span>AI</span>) products. They also said that markets misinterpreted the guidance that was provided. Look for a big clarification during the next earnings print. </p>



<h2>McDonald&rsquo;s (MCD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/02/mcd1600-1-300x169.png" alt="New McDonalds Being Built in 2020, Close Up of Main McD Sign"><div>Source: Retail Photographer / Shutterstock.com</div></div><p>It seems strange that shares of the Golden Arches are in decline. But the stock of <strong>McDonald&rsquo;s</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/mcd-stock-quote/"><strong>MCD</strong></a></span>) has fallen nearly 10% this year and is down 7% over the last 12 months. The share price drop comes despite McDonald&rsquo;s posting consistently strong financial results, raising its dividend, and undertaking an ambitious growth strategy. Most recently, McDonald&rsquo;s announced a partnership with <strong>Krispy Kreme</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/dnut-stock-quote/"><strong>DNUT</strong></a></span>) that will see its <a href="https://abcnews.go.com/GMA/Food/mcdonalds-add-3-krispy-kreme-doughnuts-menus-nationwide/story?id=108510987">doughnuts sold at McDonald&rsquo;s</a> restaurants across the U.S. </p>



<p>The Krispy Kreme deal comes as McDonald&rsquo;s diversifies its menu amid <a href="https://www.cnbc.com/2023/12/06/mcdonald-investor-day-aims-to-open-nearly-9000-restaurants.html">a big growth push</a>. Last December, management announced plans to open 9,000 new restaurant locations and add 100 million members to its loyalty rewards program by 2027. The company is also launching a new spin-off brand called &ldquo;CosMc&rsquo;s&rdquo; that&rsquo;s aimed at teens and twentysomethings. Look for MCD stock to pop if McDonald&rsquo;s earnings on April 30 show the strategies are bolstering sales and profits. </p>



<h2>Nike (NKE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/nke-stock-1-300x169.jpg" alt="A stack of red Nike (NKE) shoe boxes."><div>Source: mimohe / Shutterstock.com</div></div><p><strong>Nike&rsquo;s </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/nke-stock-quote/"><strong>NKE</strong></a></span>) stock has been unfairly punished and is likely to rise with improved earnings and as the Summer Olympics in Paris, France approach. This is the conclusion of analysts at <strong>Bank of America</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/bac-stock-quote/"><strong>BAC</strong></a></span>), which recently <a href="https://www.investors.com/news/nike-stock-upgrade-to-buy-paris-olympics/">upgraded NKE stock</a> to a &ldquo;buy&rdquo; rating from &ldquo;neutral&rdquo; previously and increased their price target on the shares to $113 from $110. Bank of America said in its upgrade that earnings estimates for the sneaker maker &ldquo;finally look achievable.&rdquo; </p>



<p>Analysts also cited <a href="https://www.investopedia.com/nike-stock-rises-following-upgrade-from-bank-of-america-8630125">an upcoming catalyst</a> with the Paris Olympics. Nike makes the uniforms for Team USA. NKE stock has been terrible for several years now. So far in 2024, the company&rsquo;s share price is down 11%. Its 12-month performance is negative 25%. Problems have included bloated inventories and <a href="https://www.cnbc.com/2024/03/21/nike-nke-earnings-q3-2024.html">slowing sales in China</a>. Watch for the company to show progress in those troubled areas when it next reports earnings on June 25. Any positive signs are likely to send NKE stock higher.   </p>



<p><em>On the date of publication, Joel Baglole did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.</em></p>
<div><p>Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/forget-the-noise-buy-these-3-unfairly-punished-stocks-before-earnings-euphoria-hits/">Forget the Noise: Buy These 3 Unfairly Punished Stocks Before Earnings Euphoria Hits</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

Forget the Noise: Buy These 3 Unfairly Punished Stocks Before Earnings Euphoria Hits

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>With geopolitical flashpoints poised to worsen, investors ought to target stocks to buy for global conflict. I don&rsquo;t look at this theme as advantaging tragedies. Rather, it&rsquo;s a matter of sensibly adjusting one&rsquo;s portfolio to reflect rapidly shifting realities.</p>



<p>Yes, the headlines have been focused on the Middle East. The tit-for-tat missile attacks that Iran and Israel have launched against each other have rattled nerves. While the current media response from both sides suggest a collective effort to cool tensions, a miscalculation could easily spiral circumstances out of control.</p>



<p>However, the big issue in my opinion is the U.S. House of Representatives <a href="https://www.reuters.com/world/us/us-house-vote-long-awaited-95-billion-ukraine-israel-aid-package-2024-04-20/">passing $61 billion in aid to Ukraine</a>. That sends a clear message to Russia&rsquo;s Vladimir Putin that the U.S. and western forces will continue to support the embattled nation.</p>



<p>Having no off-ramp (because the government <a href="https://www.newsweek.com/joe-biden-just-provided-putin-off-ramp-needed-avoid-nuclear-war-1751426">didn&rsquo;t take it</a> earlier in the conflict), the Russians will continue their belligerence. With that in mind, investors need to get serious about these stocks to buy for global conflict.</p>



<h2>Lockheed Martin (LMT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/LMT1600-300x169.jpg" alt="A Lockheed Martin (LMT) Space Systems sign in Sunnyvale, California."><div>Source: Ken Wolter / Shutterstock.com</div></div><p>Based in Bethesda, Maryland, <strong>Lockheed Martin</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/lmt-stock-quote/"><strong>LMT</strong></a>) is a powerhouse in the aerospace and defense sector. Responsible for developing and manufacturing a variety of weapons systems, it will almost surely play a pivotal role in the preparation for future conflicts. Of course, the defense space presents controversies regarding stocks to buy for global conflict.</p>



<p>However, in the words of Billy Joel, &ldquo;<a href="https://www.youtube.com/watch?v=dhqH4QpSgBI">We Didn&rsquo;t Start the Fire</a>.&rdquo; Certain nations unfortunately continue to abide by imperialistic directives. At some point, a major conflict is inevitable. The fundamental justification for supporting U.S. allies and interests abroad is the ability to prosecute violations of the international order from a position of strength.</p>



<p>In other words, it&rsquo;s easier to put out a house fire than a forest fire. But the prospect of a major conflagration materializing has heightened. Therefore, the need to prepare should bode well for Lockheed Martin.</p>



<p>To be fair, analysts only rate shares a <a href="https://www.tipranks.com/stocks/lmt/forecast">consensus hold</a>, driven by <a href="https://finance.yahoo.com/quote/LMT/analysis">muted sales growth forecasts</a>. However, it&rsquo;s my opinion that this dynamic could change in a hurry. Therefore, LMT is one of the stocks to buy for global conflict.</p>



<h2>AeroVironment (AVAV)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/aerovironment-avav-1600-300x169.png" alt="The logo for AeroVironment (AVAV) is seen through a magnifying glass on the company's website."><div>Source: Pavel Kapysh / Shutterstock.com</div></div><p>While Mr. Joel is adamant that his generation didn&rsquo;t start any fires, the reality is that the geopolitical snowballing effect means that we must deal with the consequences today. Defense contractor <strong>AeroVironment</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/avav-stock-quote/"><strong>AVAV</strong></a>) is what happens when strategic efforts of containment and/or de-escalation fails and the bullets start flying. At that point, you need a response and that&rsquo;s where AeroVironment comes in.</p>



<p>I don&rsquo;t want to use the term to avoid getting pinged by the politically correct algorithms. AeroVironment makes &ldquo;self-harm&rdquo; drones if you get my drift. Notably, the company states that its drones were instrumental in <a href="https://www.avinc.com/resources/av-in-the-news/view/how-makers-of-the-switchblade-suicide-drone-are-changing-the-ukraine-war">changing the Ukraine war&rsquo;s landscape</a>. With these weapons systems, military operations were able to hit high-value targets while protecting themselves via distance.</p>



<p>For the current fiscal year, covering experts anticipate that revenue will hit $708.15 million, up 31% from last year&rsquo;s print of $540.54 million. That&rsquo;s a major reason why shares have done so well. Moving forward, experts see a reduced sales growth rate of 13.4% for fiscal 2025.</p>



<p>However, I believe with AeroVironment proving itself in combat, demand will be higher than anticipated. That&rsquo;s why AVAV is one of the stocks to buy for global conflict.</p>



<h2>Barrick Gold (GOLD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/gold1600-300x169.jpg" alt="An image of multiple gold bars. Gold prices"><div>Source: Shutterstock</div></div><p>Not every idea for stocks to buy for global conflict has to involve defense contractors. Given the turmoil that geopolitical flashpoints can cause, the fear trade should cynically blossom. If so, you&rsquo;ll want to keep close tabs on <strong>Barrick Gold</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/gold-stock-quote/"><strong>GOLD</strong></a>). An exploration, production and mine development specialist, Barrick could benefit from multiple catalysts.</p>



<p>The first catalyst is an obvious one &ndash; inflation. That&rsquo;s not just from the geopolitical realm. Rather, the U.S. economy continues to impress analysts with stronger-than-expected jobs reports. While that&rsquo;s a positive development, it also means that more dollars are chasing after fewer goods. That will likely make the dollar relatively devalued, which may mean higher prices for gold.</p>



<p>Second, the yellow metal has historically played the role of safe-haven asset. With multiple flashpoints materializing throughout the world, a miscalculation could send matters spiraling out of control. I hate to say it but in many ways, that&rsquo;s gold positive.</p>



<p>Covering experts rate shares a <a href="https://www.tipranks.com/stocks/gold/forecast">consensus strong buy</a> with a $21.30 average price target. Based on current conditions, it&rsquo;s an attractive and relevant idea.</p>



<h2>Sibanye Stillwater (SBSW)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/08/sibanye1600-300x169.png" alt="Person holding smartphone with logo of South African mining company Sibanye Stillwater Limited on screen in front of website. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div><p>When it comes to gold plays, better options exist than <strong>Sibanye Stillwater</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/sbsw-stock-quote/"><strong>SBSW</strong></a>). Sure, the sector suffered from significant challenges related to earlier fears of interest rate hikes. But with inflation proving to be stickier than anticipated, precious metals may enjoy a long relevancy lifespan. However, SBSW stock is attractive not just because of the gold situation but because of the underlying palladium business.</p>



<p>As an industrial metal, palladium finds significant use in the automotive sector. It&rsquo;s a critical commodity for the development of catalytic converters. Remember those stories about thieves cutting up exhaust systems? Palladium &ndash; or more specifically its high market value &ndash; is the reason why.</p>



<p>What&rsquo;s really intriguing here on a cynical basis is that electric vehicle sales are suffering. Further, hybrid vehicle demand is skyrocketing, which means palladium demand should rise as well. There&rsquo;s just one problem: Russia is the <a href="https://www.statista.com/statistics/273647/global-mine-production-of-palladium/#:~:text=The%20mine%20production%20of%20palladium,is%20a%20platinum%20group%20metal.">world&rsquo;s biggest producer of palladium</a>.</p>



<p>Of course, the west refuses to do business with the Russians. That means we have to turn to South Africa (where Sibanye is based) for increased palladium production. Do the math. SBSW is one of the stocks to buy for global conflict.</p>



<h2>Palo Alto Networks (PANW)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/panw-stock-1-300x169.jpg" alt="Palo Alto Networks (PANW) logo on corporate building"><div>Source: Sundry Photography / Shutterstock.com</div></div><p>A technology player, <strong>Palo Alto Networks</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/panw-stock-quote/"><strong>PANW</strong></a>) specializes in cybersecurity. Per its <a href="https://finance.yahoo.com/quote/PANW/profile">public profile</a>, the company primarily offers firewall appliances and software. In addition, it provides a security management solution for the global control of network security as a virtual or physical appliance. With cyber threats sprouting in both scope and scale, it&rsquo;s never been more vital for enterprises to protect themselves.</p>



<p>Fundamentally, PANW is easily one of the stocks to buy for global conflict. Unlike prior geopolitical flashpoints, the fighting doesn&rsquo;t just occur in the physical paradigm. Rather, combatants and their advocates engage in an informational war. A clear example of this is Russian interference in the 2016 U.S. elections. The Federal Bureau of Investigation <a href="https://www.fbi.gov/wanted/cyber/russian-interference-in-2016-u-s-elections">seeks to arrest</a> multiple Russian agents for conspiracy charges.</p>



<p>Further, data from Statista reveals that Russia is the major source of <a href="https://www.statista.com/topics/7335/information-security-and-cyber-crime-in-russia/#:~:text=Russia%20is%20the%20major%20source,the%20fifth%2Dhighest%20number%20worldwide.">phishing attacks around the globe</a>. With that, analysts unsurprisingly see 15.9% growth in the top line to $7.99 billion for fiscal 2024. Next year, this figure could rise to $9.13 billion. It&rsquo;s easily one of the stocks to buy for global conflict.</p>



<h2>Iron Mountain (IRM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/irm1600-300x169.jpg" alt="Iron Mountain (IRM) logo on truck"><div>Source: Shutterstock</div></div><p>Structured as a real estate investment trust or REIT, <strong>Iron Mountain</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/irm-stock-quote/"><strong>IRM</strong></a>) mixes an old-school business model with modern security services. <a href="https://finance.yahoo.com/quote/IRM/profile">Per its corporate profile</a>, Iron Mountain is a global leader in information management services. Originally, it started as a platform for protecting its clients&rsquo; documents and assets. Later on, it began providing digital storage and security solutions.</p>



<p>In any scenario, it&rsquo;s vital for enterprises &ndash; especially government agencies &ndash; to keep important documents and records away from the source infrastructure. You just never know what might happen, from accidents to environmental calamities. Further, the geopolitical backdrop suggests that adversarial nations and entities can attempt to compromise American businesses and infrastructure. Therefore, document and asset storage and protection has never been more important.</p>



<p>Notably, this dynamic has not been ignored on Wall Street. Instead, experts anticipate that current fiscal year revenue could hit $6.09 billion. If so, we&rsquo;re talking about an 11.1% growth rate from last year&rsquo;s print of $5.48 billion. Lastly, IRM carries a <a href="https://www.tipranks.com/stocks/irm/forecast">unanimous strong buy rating</a>. So, it&rsquo;s a great candidate for stocks to buy for global conflict.</p>



<h2>Booz Allen Hamilton (BAH)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/10/bah-stock-1-300x169.jpg" alt="Booz Allen Hamilton (BAH) logo on a corporate building"><div>Source: Jer123 / Shutterstock.com</div></div><p>Focused on the consulting services sector, <strong>Booz Allen Hamilton</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/bah-stock-quote/"><strong>BAH</strong></a>) provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations. Primarily, BAH is a candidate for stocks to buy for global conflict due to its relevance in the information war space.</p>



<p>According to the <a href="https://www.boozallen.com">company&rsquo;s website</a>, Booz Allen addresses the Department of Defense&rsquo;s most vital challenges. In particular, the technology consultation firm provides command, control and communications and battle management. In addition, the firm helps in the field of intelligence, surveillance and reconnaissance, along with electronic warfare. That&rsquo;s going to be especially crucial given the cunning nature of modern-day threats.</p>



<p>Recently, FBI Director Christopher Wray <a href="https://www.theguardian.com/world/2024/apr/19/fbi-china-hack-infrastructure#:~:text=China%20is%20developing%20the%20%E2%80%9Cability,to%20try%20to%20induce%20panic.%E2%80%9D">warned</a> that China is developing the &ldquo;ability to physically wreak havoc on our critical infrastructure at a time of its choosing.&rdquo; Therefore, it&rsquo;s essential to have a response ready. Just as significantly, the response needs to be measured, demonstrating that America means business without inviting unnecessary escalation.</p>



<p>Analysts anticipate that fiscal 2024 revenue will hit $10.61 billion, up 14.5% from last year. That&rsquo;s more than a credible forecast based on current realities.</p>



<p><em>On the date of publication, Josh Enomoto</em><em> did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;</em><em>The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines</em></a><em>.</em><em></em></p>
<div><p>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/conflict-capitalists-7-stocks-set-to-profit-from-worldwide-instability/">Conflict Capitalists: 7 Stocks Set to Profit From Worldwide Instability</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

Conflict Capitalists: 7 Stocks Set to Profit From Worldwide Instability

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>We&rsquo;re still not prepared for cyberattacks.&nbsp;That includes the U.S. government, hospitals, corporations and millions of people all over the world. Most recently, telecom <strong>Frontier Communications</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/fybr-stock-quote/"><strong>FYBR</strong></a>) was forced to shut down certain systems following an attack on when a third party &ldquo;<a href="https://seekingalpha.com/news/4091553-frontier-communications-dips-as-it-points-to-cyberattack">gained unauthorized access</a> to portions of its information technology environment,&rdquo; as noted by Seeking Alpha. All of which is creating a big opportunity for leading, multibagger <a href="https://investorplace.com/industries/technology/cybersecurity/">cybersecurity stocks</a>.</p>



<p><a href="https://www.healthcareitnews.com/news/small-medical-practices-will-close-because-change-cyberattack-says-ama#:~:text=Privacy%20%26%20Security-,Small%20medical%20practices%20will%20close%20because%20of%20Change%20cyberattack%2C%20says,they%20could%20not%20make%20payroll.">Small medical practices are being forced to close</a> because of the February 21 Change Healthcare cyberattack. Also,&nbsp;according to the <a href="https://www.imf.org/en/Blogs/Articles/2024/04/09/rising-cyber-threats-pose-serious-concerns-for-financial-stability">International Monetary Fund (IMF)</a>: </p>




<p>&ldquo;The&nbsp;risk of extreme losses from cyber incidents is increasing. Such losses could potentially cause funding problems for companies and even jeopardize their solvency. The size of these extreme losses has more than quadrupled since 2017 to $2.5 billion. And indirect losses like reputational damage or security upgrades are substantially higher.&rdquo;</p>




<p>Unfortunately, even after all of the attacks over the years, and warnings to be prepared, we&rsquo;re still sitting ducks. All of which is creating big opportunities for leading, multibagger cybersecurity stocks.</p>



<h2><strong>Palo Alto Networks (<strong>PANW</strong>)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/panw1600-300x169.jpg" alt="Palo Alto Networks (PANW) building with blue logo on side with blue sky backdrop"><div>Source: Shutterstock</div></div><p>After gapping from about $370 to about $260, <strong>Palo Alto Networks</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/panw-stock-quote/"><strong>PANW</strong></a>) is now consolidating around $282. From here, I&rsquo;d like to see it initially retest $320. PANW is one of the top multibagger cybersecurity stocks to buy on weakness.</p>



<p>Just weeks ago, the company cut its full-year revenue guidance to a new range of $7.95 billion to $8 billion from $8.15 billion to $8.2 billion. It also cut its full-year billings outlook to a new range of&nbsp;$10.1 billion to $10.2 billion, from $10.7 billion to $10.8 billion.&nbsp;</p>



<p>That&rsquo;s why PANW fell apart. However, it appears most of that bad news has been firmly priced into the oversold stock. Plus, analysts at Argus just reiterated a buy on PANW with a price target of $336. All as the cybersecurity environment gets a bit more toxic, especially with generative artificial intelligence.&nbsp;</p>



<p>Unfortunately, cybersecurity issues will only get worse. All because of how poorly prepared we are for attacks. Plus, with recent geopolitical issues, the threat only rises more. Considering PANW is the industry&rsquo;s 800 lb. gorilla, it&rsquo;s sure to benefit.</p>



<h2><strong>Fortinent (<strong>FTNT</strong>)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/ftnt-stock-1-300x169.jpg" alt="The Fortinet logo on a wall"><div>Source: Sundry Photography / Shutterstock.com</div></div><p>We can also look at leading, multibagger cybersecurity stocks like <strong>Fortinet</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/ftnt-stock-quote/"><strong>FTNT</strong></a>), which is technically oversold at $63.69. It&rsquo;s also over-extended on RSI, MACD and Williams&rsquo; %R. The last time it became this technically oversold, it bounced from about $45 to 60 shortly after. The time before it bounced from about $56.10 to $65.68. I&rsquo;m looking for a similar bounce back this time around, too.</p>



<p>Helping, <a href="https://markets.businessinsider.com/news/stocks/rbc-capital-reaffirms-their-hold-rating-on-fortinet-ftnt-1033257349#:~:text=In%20a%20report%20released%20on,and%20a%2056.41%25%20success%20rate.">RBC Capital reiterated its hold rating on the stock</a> with a price target of $71 a share. We&rsquo;ll also get a better idea of how FTNT is doing when it posts earnings on May 2. In its last earnings report, the company&rsquo;s earnings per share of 51 cents beat by eight cents. Revenue of $1.42 billion &mdash; up about 11% year over year &mdash; beat by $10 million. Total billings came in at $1.86 billion, an 8.5% year-over-year jump from $1.72 billion.</p>



<p>For its first quarter, the company said it expects <a href="https://www.barchart.com/story/news/24037224/is-fortinet-stock-finally-a-buy-after-earnings#:~:text=What's%20the%20Forecast%20for%20FTNT,%241.39%20billion%20and%20%241.45%20billion.">revenue to fall in the range of $1.3 billion and $1.36 billion</a>, as compared to estimates for $1.38 billion.&nbsp;</p>



<h2><strong>Zscaler (<strong>ZS</strong>)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/05/zs-stock-300x169.jpg" alt="Zscaler (ZS) logo on a corporate building"><div>Source: Sundry Photography / Shutterstock.com</div></div><p>Keep an eye on oversold shares of <strong>Zscaler</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/zs-stock-quote/"><strong>ZS</strong></a>), too.</p>



<p>After testing $259.61, it dropped to $170.97, where it&rsquo;s now oversold on RSI, MACD and Williams&rsquo; %R. It&rsquo;s also sitting at support dating back to November. The last time ZS became this technically oversold in May 2023, it bounced from about $90 to a high of $162.67. I&rsquo;m hoping for a similar move again this time, too.</p>



<p>Helping, earnings have been strong.&nbsp;&nbsp;In its second quarter, the company&rsquo;s EPS of 76 cents beat by 18 cents.&nbsp;Revenue of $525 million &mdash; up 35.4% year over year &mdash; beat by $18.17 million. For fiscal year 2024, the company also expects to grow revenue by 31% year over year to $2.12 billion. It also expects for its operating income to come in around $397.5 million, with a margin of 18% to 19%, up from 15% in 2023.</p>



<p><a href="https://seekingalpha.com/news/4081022-crowdstrike-zscaler-best-positioned-following-healthcare-hacks-macquarie">Analysts at Macquarie also has an outperform rating</a>&nbsp;on ZS with a price target of $245. The firm added that it&rsquo;s one of two cybersecurity firms well-positioned to benefit from spending following the healthcare company hacks.</p>



<p><em>On the date of publication, Ian Cooper did not hold (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a></em></p>
<div><p>Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.</p></div><h3>More From InvestorPlace</h3>
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3 Cybersecurity Stocks That Could Be Multibaggers in the Making: April Edition

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Legal

Press Releases

DEADLINE NEXT WEEK: Robbins Geller Rudman & Dowd LLP Announces that Palo Alto Networks Inc. Investors with Substantial Losses Have Opportunity to Lead Case - PANW

PALO ALTO NETWORKS, INC. (NASDAQ: PANW) DEADLINE ALERT: Bernstein Liebhard LLP Reminds Palo Alto Networks, Inc. Investors of Upcoming Deadline

PANW LAWSUIT ALERT: Levi & Korsinsky Notifies Palo Alto Networks Inc. Investors of a Class Action Lawsuit and Upcoming Deadline

DEADLINE ALERT for DKS, INOD, LTRX, PANW: Law Offices of Howard G. Smith Reminds Investors of Class Actions on Behalf of Shareholders

INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Palo Alto

Lead Plaintiff Deadline Approaching: Kessler Topaz Meltzer & Check, LLP Announces Deadline in Securities Fraud Class Action Lawsuit Filed Against Palo Alto Networks, Inc.

INVESTOR DEADLINE FRIDAY: Robbins Geller Rudman & Dowd LLP Announces that Palo Alto Networks Inc. Investors with Substantial Losses Have Opportunity to Lead Case - PANW

SHAREHOLDER ACTION ALERT: The Schall Law Firm Encourages Investors in Palo Alto Networks, Inc. with Losses of $100,000 to Contact the Firm

DEADLINE ALERT for PANW, PLCE, SNOW, and KIND: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders

SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Palo Alto Networks, Inc. - PANW