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Palo Alto Networks (PANW) delivered a massive $3 billion in adjusted free cash flow (FCF) in the trailing 12 months ending Oct. 31. That represents a massive 41% of revenue. That high adjusted FCF margin implies that PANW stock could be worth up to 52% more or $378 per share.
The cybersecurity company said its revenue was up 20% YoY. In addition, its adjusted non-GAAP earnings per share (EPS) rose 66% from 88 cents in Q2 2022 to $1.38 in the latest quarter.