On Monday, Palo Alto Networks stock got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96.
The new rating shows the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria.
After hitting a 52-week high of 380.84 on Feb. 9, Palo Alto Networks stock fell on Q2 earnings results that disappointed investors. The cybersecurity stock is not in a buying range, but see if the stock can create a new pattern and offer a new buying opportunity.
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The stock has a 98 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 98% of all stocks.
Its Accumulation/Distribution Rating of C shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
PANW Earnings
In Q2, the cybersecurity company reported 39% earnings growth. Top line growth fell to 19%, down from 20% in the prior quarter.
Palo Alto Networks stock earns the No. 7 rank among its peers in the Computer Software-Security industry group. CrowdStrike Holdings, CyberArk Software and Okta Cl A are among the top 5 highly-rated stocks within the group.
