Palo Alto Networks Stock Slides Despite Strong Growth Forecasts Due to Valuation Concerns
• Palo Alto Networks (PANW) stock closed lower despite market gains due to projected slowing growth • Analysts estimate 23.81% EPS growth this quarter and 23.65% for the full year • Revenue is projected to grow 19.08% this quarter and 18.58% for the full year • PANW has a premium valuation compared to industry averages based on Forward P/E and PEG ratios • The Internet-Software industry overall is performing well, ranking in the top 15% of all industries tracked