Palo Alto Networks Stock Still Looks Undervalued to Value Investors and Short-Put Traders

Palo Alto Networks (PANW) stock could still be cheap based on its strong free cash flow (FCF) results and after its 2-for-1 stock split has gone into effect. Investors who short out-of-the-money (OTM) put options can make income as well.

PANW stock is now at $202.72 on Dec. 17, after its 2-for-1 stock split occurred on Dec. 12., with the price about half of what it was before. But actually, it has risen over 3.5% since Nov. 20 when the announcement was made and PANW stock was at $196.45 (on an adjusted basis).