Palo Alto Networks stock had its Relative Strength (RS) Rating upgraded from 67 to 77 Wednesday — a welcome improvement, but still short of the 80 or better score you look for.
This proprietary rating measures market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the best-performing stocks often have an RS Rating north of 80 in the early stages of their moves. See if Palo Alto Networks stock can continue to rebound and hit that benchmark.
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Is Palo Alto Networks Stock A Buy?
Palo Alto Networks stock is working on a consolidation with a 380.84 entry. See if it can break out in heavy trade. It's a later-stage pattern, and investors should be aware that those are less likely to lead to significant gains.
The cybersecurity firm reported 39% earnings growth in the latest quarterly report, while sales growth came in at 19%. Look for the next report on or around May 22.
Palo Alto Networks stock earns the No. 4 rank among its peers in the Computer Software-Security industry group. CrowdStrike Holdings is the No. 1-ranked stock within the group.
