PALO ALTO NETWORKS Reports Strong Fourth Quarter Earnings for FY2023
August 30, 2023
☀️Earnings Overview
On August 18 2023, PALO ALTO NETWORKS ($NASDAQ:PANW) reported their financial results for the fourth quarter of FY2023 which ended on July 31 2023. Total revenue saw a significant year over year increase of 26.0%, amounting to USD 1953.3 million, and net income was USD 227.7 million, up from 3.3 million in the same period of the previous year.
Price History
The stock opened at $202.0 and closed at $209.7, up 1.0% from last closing price of 207.6. This increase in stock price reflects the positive financial performance of the company during the fourth quarter. This investment in research and development continues to demonstrate PALO ALTO NETWORKS commitment to innovation and staying ahead of the competition. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for PANW. More…
| Total Revenues | Net Income | Net Margin |
| 6.89k | 439.7 | 6.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for PANW. More…
| Operations | Investing | Financing |
| 2.89k | -933.4 | -806.6 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for PANW. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 14.5k | 12.75k | 5.72 |
Key Ratios Snapshot
Some of the financial key ratios for PANW are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 26.5% | – | 8.6% |
| FCF Margin | ROE | ROA |
| 39.7% | 24.9% | 2.6% |
Analysis
At GoodWhale, we recently performed an analysis of PALO ALTO NETWORKS’ wellbeing and have come to the conclusion that it is a medium risk investment. This assessment was based on our Risk Rating system, which takes into consideration both financial and business aspects. In particular, our analysis has detected 3 risk warnings with regards to the balance sheet, cashflow statement, and non-financial elements. If you’re interested in learning more about these risks, simply register on our website and we’ll provide you with further details. We hope that our Risk Rating system can help you to make informed decisions when it comes to investing in PALO ALTO NETWORKS. More…
Peers
Palo Alto Networks Inc is an American multinational cybersecurity company with headquarters in Santa Clara, California. The company specializes in developing and selling firewall appliances and software. Some of Palo Alto Networks’ main competitors are KnowBe4 Inc, Venustech Group Inc, Fortinet Inc.
– KnowBe4 Inc ($NASDAQ:KNBE)
KnowBe4 is a security awareness training company that helps organizations train their employees to be aware of phishing and other types of cyberattacks. The company has a market cap of 4.35B as of 2022 and a Return on Equity of 4.87%.
– Venustech Group Inc ($SZSE:002439)
As of 2022, Venustech Group Inc has a market cap of 25.3B and a Return on Equity of 6.42%. The company provides IT security products and services, including firewall, anti-virus, and intrusion detection and prevention systems. It also offers web security, email security, and data security solutions.
– Fortinet Inc ($NASDAQ:FTNT)
With a market cap of $40.74B as of 2022, Fortinet Inc is a large company with a wide variety of products and services. Its ROE of -98.85% indicates that it is not a very profitable company, but it has a strong market presence. Fortinet Inc provides cybersecurity solutions for businesses of all sizes. Its products and services include firewall, anti-virus, and intrusion prevention systems.
Summary
Palo Alto Networks reported strong financial results for the fourth quarter of FY2023, with a 26.0% year-over-year increase in total revenue and a jump in net income from 3.3 million in the same period of the previous year to 227.7 million. Analysts are generally bullish on the company’s prospects, focusing on Palo Alto’s strong gross margins, growing customer base, and solid customer retention rate. Investors may find value in Palo Alto Networks as a long-term stock investment.
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