Palo Alto Networks Stock Is Soaring After Earnings. Is the Higher Stock Price Justified?

By Parkev Tatevosian, CFA – Feb 24, 2023 at 7:04AM

NASDAQ: PANW

Palo Alto Networks

Market Cap

$90B

Today's Change

(-1.22%) -$3.43

Current Price

$277.71

Price as of April 19, 2024, 4:00 p.m. ET

Palo Alto Networks reported excellent earnings results that got investors excited.

Palo Alto Networks (PANW -1.22%) sustained robust growth while improving profitability. That's a combination stock market investors appreciate.

*Stock prices used were the afternoon prices of Feb. 22, 2023. The video was published on Feb. 23, 2023.

Parkev Tatevosian, CFA has positions in Palo Alto Networks. The Motley Fool has positions in and recommends Palo Alto Networks. The Motley Fool has a disclosure policy.

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