PANW Bearish trend startingNext strongest support 265 to 260
Should be bought at bounce backs from the 265/260 levels
Entry @ 275 just to be on the safe side when it rebounds from 260
Stop Loss 255
TP @315
5AP trade ideas
PANW Super BullishNow we might pull back to the bottom trendline, but that is nothing but a buying opportunity. $360 price target from RBC along with a top and bottom (modest) beat this past week during earnings will ensure we continue to follow this extremely bullish channel upwards. Long and long again at bottom trendline.
Palo Alto Networks ($PANW) Earnings Beat Expectations Palo Alto Networks ( NASDAQ:PANW ) reported fiscal third-quarter results that exceeded analysts' expectations and provided revenue guidance that matched estimates. The company's shares fell over 8% in extended trading following the release of the quarterly earnings report. Palo Alto ( NASDAQ:PANW ) reported revenue for the latest quarter of $1.98 billion, a 15% year-over-year increase and slightly ahead of analysts' expectations. Net income came in at $278.8 million or 79 cents per share, versus $107.8 million or 31 cents per share in the year-ago period.
The cybersecurity company had previously warned about "spending fatigue" and had shifted towards a "platformization" strategy to combat it. The company said it expects revenue to be between $2.15 billion and $2.17 billion in the fiscal fourth quarter and in the range of $7.99 billion to $8.01 billion for the full 2024 fiscal year. The revenue outlook was consistent with consensus estimates of $2.16 billion and $7.98 billion, respectively.
Palo Alto Networks shares ( NASDAQ:PANW ) fell nearly 9% in extended trading Monday after the cybersecurity firm issued a lackluster current-quarter and full-year outlook. The company's muted guidance has raised concerns about its recent move to a consolidated cybersecurity platform aimed at driving growth among cautious enterprise customers.
Palo Alto Networks shares ( NASDAQ:PANW ) found a zone of support between $281 and $295 from the 50-day moving average and price action over the past five months. The stock finished after-hours trading at $295.61, an 8.7% decline from the end of the regular session.
For the fiscal fourth quarter ending in July, Palo Alto Networks ( NASDAQ:PANW ) guided revenue of $2.15 billion to $2.17 billion, with the $2.16 billion midpoint matching analysts' forecast. It sees billings in the period, which account for deferred revenue, coming in between $3.43 billion and $3.48 billion, compared to expectations of $3.45 billion.
In an effort to pursue growth amid cautious enterprise spending on cybersecurity solutions, the company recently pivoted to a consolidated security platform, offering initiatives such as free product offers to entice corporate signups.
5/20/24 - $panw - probably a beat, i like $s and $zs more5/20/24 - vrockstar - NASDAQ:PANW - probably a beat and one you'd want to dip buy. seem to be doing well in the field from what i gather as well, and of course the insider congressfolks own it, which adds to the allure of owning it. as mentioned in a previous comment, this thing is not cheap - 50x PE and LSD fcf yields... but if they can deliver this is going to be running hard to the upside. dip probably gets bought and all else equal remains a LT winner. I prefer NYSE:S and NASDAQ:ZS , smaller size names, better growth/ opex flex - and both will benefit from a beat here on NASDAQ:PANW (all cyber factors will). will size up the tape into the close to decide if i will go long here, but don't believe the setup looks great for R/R given the recent run that's probably front-loaded a decent result. gl to those holders.
PANW has earnings today, chart looks very bullishToday's target at the close - 345. If earnings comes good, it may hit close to 400 today...
Members Daily Analysis - May 19 2024Markets close at weekly ATH.
Commodities surging, URA, Gold, Silver, Copper, Nat Gas
NVDA earnings on Wednesday.
PANW Palo Alto Networks Options Ahead of EarningsIf you haven`t bought the dip on PANW:
Then, after analyzing the options chain and the chart patterns of PANW Palo Alto Network prior to the earnings report this week,
I would consider purchasing the 300usd strike price Puts with
an expiration date of 2025-1-17,
for a premium of approximately $27.80.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
$PANW nice base and still good momentumNASDAQ:PANW nice base and still good momentum on a weekly financial still good but on the daily is a little weak. keep an eye on this support base, dump if it breaks.
PANW is a fundamental beastI been waiting a long time to start a position in this one.
Not very many megacaps end up on my list. I scan for fundamentals then look at TA for entries. The numbers really set this one apart.
ROE +89.52%
EPS Diluted Growth QoQ +780.12%
EPS Diluted Growth Quarterly YoY +1824.54%
EPS Diluted Growth TTM YoY +8305.52%
Revenue Growth QoQ +22.28%
Revenue Growth Quarterly YoY +19.33%
Revenue Growth TTM YoY +5.15%
Swing Into Potential Crash - Pt. 2PANW has traded in a boring range since I last posted my original idea (linked below). Here are the dynamics that have unfolded, and my forecast from here:
- The main factor we need to determine is if the recent consolidation is accumulation or re-distribution (I'm leaning toward re-distribution with a UTAD upcoming - meaning one more pop before major drop).
- There is a ton of overhanging supply, but at the same time a major gap above to fill
- Overall market is nearing a top (but still some gas left in the tank), so if we assume PANW won't completely disregard the rest of the market, then the re-distribution with a UTAD scenario makes sense ( for traders this means swing long currently, and then swing short based on
my updated forecast, below)
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Forecast/Predicted price action:
A) Needs to clear 281.71 to give a new signal to enter long (I want to see a close above that level this week). If it gets rejected again at 281.71 then it will see another pullback along the thick red arrow on chart.
B) If we clear 281.71 then it will test 287.79 minimum , so I'll be looking at Apr 26 285 or 286 calls. Once it tests 287.79 , I'll sell half of my calls ITM and then wait for the major test (i.e. rejection at 287-288 or breakout above that level)
- If rejected then I will exit remaining calls but not switch to puts just yet, would need more confirmation. It would likely pullback along the 1pt red arrow if rejected
- if breaks above then I will hold my calls for target scenario (C)
C) If we get to scenario (B) and get the breakout above 287.79, then I'm expecting continuation higher to 298 - 300 ( my initial target = 299.20 by 4/19/2024 ).
- after it hits initial target then it will pullback to retest 287-288 for support before making one final run into the 300s. Don't short until this makes it into 300s to test the gap. It will crash later in 2024 so shorts will have their day soon. I'll send an update once this makes it to 299, but until then I gave you everything you need to trade this.
~Not financial advice. I'm not currently in a position, but will enter calls if we get the sustained break (or close) above 281.79.
Swing It Into A Potential CrashIn summary, if you are in (or considering buying) shares, this is Mid-term bearish. I would highly recommend against entering or adding shares here. You will likely have a better chance to exit/sell in the 330s around March 11-12th.
For those playing options, I can share my strategy - you'll have to be nimble to swing this for profits, but very do-able since I know the path it will take from here.
The smarter strategy is to wait until this confirms a higher low and then short it around March 12th-13th, But if you like making real money on weekly options with high risk here is what to do. Not Financial Advice.
To follow this chart, just pay attention to the thick black arrow - that is my forecast/path that price action will take. The thick red and green arrows align with the black arrow. Read below to see the exact levels and pivot dates I am looking for.
- PANW will likely pullback some more to 276-290 (-4% to -9% from current price: 302.40). This will happen fast - by March 5th End of Day (3/5/2024). So IF it doesn't gap down Monday, I'll be buying a few Mar 8 295 puts for ~3.40 and then looking to sell for over 7.00 Tuesday 3/5 before the close . But if it gaps down Monday 3/5 (which is possible), I'll be holding off on this swing and waiting for my chance to swing long. Hard stop loss will be a break above 306 at any point, if it breaks above 306 that is first near-term bullish signal, if it breaks above 315 it will confirm it has started next bullish leg.
- After the small pullback to expected range of 276-290, PANW will make its last bounce to around 327-338 (depending on where it bottoms in current down leg, this is a possible +16% to +22% bounce coming). Once I sell my Mar 8 puts on 3/5 before close, I will immediately buy Mar 15 300 calls - the premiums should be around 3.00-5.00 at this point but it will depend on where it bottoms exactly. The bounce will last through 3/11-3/12, so I will be looking to sell half my calls at 327 (for at least 27.00) and then sell the other half around 338 (for at least 38.00)
*** After this bounce to 327-338, the real downside will begin. I will send an update with my precise target when we see how this plays out and at what levels it bottoms and tops in this path/forecast, but my estimate target is 210-240 by end of March to Early April (Potential for a 100 point drop!!). I'll be going big on April 19 puts when this bounces to the 327-338 range.
Stay tuned for updates along the way.
$PANW - Potential Head and shouldersNASDAQ:PANW With the potential head and shoulder formation, I don't think I like the chart setup to go long at current level.
A full measured move for the H&S breakdown is $185 area with $256 and $227 areas being a potential reversal area.
Remember, the H&S only validate only if it breaks below the neckline.
👀ing for now.
PANW Looking Bullish 3/25/24With Cybersecurity becoming a growing concern for the USA and companiesaround the world this sector has much more room for growth... With the big drop in PANW price after earning this stock is setting up for a nice bullish reversial, Im thinking in short term will will see price rise back above $300 and to $315+. Nancy Pelosi has also bought calls on this stock for 2025... What more do you need. LONG IT!
PANW bearish short-term, but Bullish Long-term?I am still undecided about this stock, it seems to be getting investors attention after Nancy bought call options and her last venture with NVDA, I am still bearish short term given the price action and gaps to the south side. I would not be comfortable buying till price lowers to about 270-275. There is also an ongoing fraud class action suit involving PANW. This could be what lowers the price presenting a buying opportunity. I am bullish long-term due to the rise and need of cyber security and the people need/want of more privacy online; I am using TA to perform this analysis, but will update weekly.
PANW: Potential BuyBroke out from a rising channel a while ago and formed a new one as seen on the chart. Price currently touching a support zone. Preferable entry would be at the 23.60% retracement area. Targets at $380 and $402.
just let it settle a bitEveryone wants to pile in the news of Nancy P buying calls, but why not let things settle down first? I'd feel a lot better buying around the green then buying now at resistance.
Short opportunity on $PANWNASDAQ:PANW Good short opportunity on this stock. Breakdown on earnings rallied to $330 and now breaking down again after stock didn't go above 21day ema. Short stock with stop loss above $337
Buying more PANWBrought some more PANW. Price has dropped a bit since the initial 5th Wave piviot was identified. This is also a Pelosi buy. The US representative from California filled > MIL:1M in the cyber security stock in Feb. She buys because she knows things... lets see what happens here. I'm initially targeting 378 but will probably go further
PANW - Charted for 8Mar ( PotterBox ) Looking to long PANW - will swing over the weekend if I need to.
We've got plenty of taps at the top of the current box and a decent amount of empty space to go grab and squeeze out shorts.
Long on PANWAfter jumping from the 200MA, we can see that it jumped nicely from the 100MA. I would wait for anther candle of conformation and go long until it filles the gap.
PANW, 2/23-2/26, profit 10%On 2/20/2024, Palo Alto Networks (PANW) reported earnings of $1.52 per share on revenue of $1.98 billion for the fiscal second quarter ended January 2024. The consensus earnings estimate was $1.30 per share on revenue of $1.97 billion.
