The No. 1 AI Stock of 2024 (Not Nvidia)

It's not Nvidia, Meta Platforms, Alphabet, or Amazon. But thanks to a recent major deal, an under-the-radar stock could become the No. 1 winner of the AI boom. "This company just teamed up with one of the biggest power players in the AI industry... yet you can still buy it for just one-twelfth the price of Nvidia -- the time to buy is NOW," says Marc Chaikin.

Palo Alto Networks, Inc
NYSE:PANW
$362.28
Open 347.21 Prev Close 337.93
High 347.94 Low 336.27
Volume 2,499,357 Volume (Avg) 2,968,086
52 Week High 403.00 52 Week Low 141.00
Market Cap 31.5B PE Ratio 47.99

General

NamePalo Alto Networks, Inc
TickerPANW
ExchangeNYSE
SectorTechnology
IndustrySoftware-Infrastructure
CurrencyUSD
CountryUSA
Fiscal Year EndJuly
Full Time Employees9,038

About Palo Alto Networks, Inc

Palo Alto Networks, Inc. provides cybersecurity platform solutions worldwide. The company provides firewall appliances and software; Panorama, a security management solution for the control of appliances and software deployed on an end-customer's network as a virtual or a physical appliance; and virtual system upgrades, which are available as extensions to the virtual system capacity that ships with physical appliances. It also offers subscription services covering the areas of threat prevention, uniform resource locator filtering, malware and persistent threat, laptop and mobile device protection, and firewall, as well as cyberattacks, threat intelligence, and data loss prevention. In addition, the company provides professional services, including architecture design and planning, configuration, and firewall migration, as well as online and in-classroom education training services, as well as support services. Palo Alto Networks, Inc. sells its products and services through its channel partners, as well as directly to medium to large enterprises, service providers, and government entities operating in various industries, including education, energy, financial services, government entities, healthcare, Internet and media, manufacturing, public sector, and telecommunications. The company was founded in 2005 and is headquartered in Santa Clara, California.

Highlights

Analyst Target447.35
Market Cap31,506,601,984
PE Ratio47.99
PEG Ratio2.75
EBITDA26,300,000

Valuation

Forward PE62.50
Price/Sales (Trailing 12 Mt.)8.74
Price/Book (Most Recent Quarter)32.28

Technicals

Beta1.45
52 Week High403
52 Week Low141
50 Day Average364.62
200 Day Average305.55

Earnings

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