Intrinsic value of Palo Alto Networks - PANW

Previous Close

$176.80

  Intrinsic Value

$85.31

stock screener

  Rating & Target

str. sell

-52%

Previous close

$176.80

 
Intrinsic value

$85.31

 
Up/down potential

-52%

 
Rating

str. sell

We calculate the intrinsic value of PANW stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 16.4

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  31.30
  28.67
  26.30
  24.17
  22.26
  20.53
  18.98
  17.58
  16.32
  15.19
  14.17
  13.25
  12.43
  11.69
  11.02
  10.41
  9.87
  9.39
  8.95
  8.55
  8.20
  7.88
  7.59
  7.33
  7.10
  6.89
  6.70
  6.53
  6.38
  6.24
Revenue, $m
  2,313
  2,976
  3,759
  4,668
  5,706
  6,878
  8,183
  9,622
  11,192
  12,892
  14,719
  16,669
  18,741
  20,931
  23,237
  25,657
  28,190
  30,836
  33,595
  36,468
  39,458
  42,566
  45,797
  49,154
  52,643
  56,269
  60,039
  63,959
  68,038
  72,282
Variable operating expenses, $m
  2,438
  3,129
  3,944
  4,890
  5,972
  7,192
  8,551
  10,049
  11,684
  13,455
  15,328
  17,359
  19,517
  21,797
  24,199
  26,719
  29,357
  32,113
  34,986
  37,978
  41,091
  44,328
  47,693
  51,189
  54,823
  58,599
  62,525
  66,607
  70,854
  75,274
Fixed operating expenses, $m
  82
  84
  85
  87
  89
  91
  93
  95
  97
  99
  102
  104
  106
  108
  111
  113
  116
  118
  121
  124
  126
  129
  132
  135
  138
  141
  144
  147
  150
  154
Total operating expenses, $m
  2,520
  3,213
  4,029
  4,977
  6,061
  7,283
  8,644
  10,144
  11,781
  13,554
  15,430
  17,463
  19,623
  21,905
  24,310
  26,832
  29,473
  32,231
  35,107
  38,102
  41,217
  44,457
  47,825
  51,324
  54,961
  58,740
  62,669
  66,754
  71,004
  75,428
Operating income, $m
  -207
  -236
  -270
  -310
  -355
  -405
  -461
  -523
  -590
  -662
  -711
  -794
  -882
  -975
  -1,073
  -1,175
  -1,283
  -1,395
  -1,512
  -1,633
  -1,760
  -1,891
  -2,028
  -2,170
  -2,317
  -2,470
  -2,629
  -2,795
  -2,967
  -3,146
EBITDA, $m
  -123
  -136
  -152
  -170
  -190
  -212
  -237
  -265
  -295
  -327
  -361
  -398
  -437
  -477
  -520
  -566
  -613
  -662
  -713
  -766
  -822
  -879
  -939
  -1,001
  -1,066
  -1,133
  -1,202
  -1,275
  -1,350
  -1,428
Interest expense (income), $m
  0
  28
  74
  128
  192
  267
  352
  448
  556
  674
  803
  942
  1,092
  1,252
  1,422
  1,602
  1,791
  1,990
  2,198
  2,415
  2,642
  2,878
  3,123
  3,378
  3,644
  3,919
  4,206
  4,503
  4,813
  5,135
  5,470
Earnings before tax, $m
  -235
  -310
  -398
  -502
  -622
  -757
  -910
  -1,078
  -1,263
  -1,465
  -1,653
  -1,886
  -2,134
  -2,397
  -2,675
  -2,967
  -3,273
  -3,593
  -3,927
  -4,275
  -4,637
  -5,014
  -5,406
  -5,813
  -6,236
  -6,676
  -7,133
  -7,608
  -8,102
  -8,615
Tax expense, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  -235
  -310
  -398
  -502
  -622
  -757
  -910
  -1,078
  -1,263
  -1,465
  -1,653
  -1,886
  -2,134
  -2,397
  -2,675
  -2,967
  -3,273
  -3,593
  -3,927
  -4,275
  -4,637
  -5,014
  -5,406
  -5,813
  -6,236
  -6,676
  -7,133
  -7,608
  -8,102
  -8,615

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  4,283
  5,511
  6,961
  8,644
  10,567
  12,737
  15,154
  17,818
  20,726
  23,874
  27,257
  30,869
  34,706
  38,761
  43,031
  47,513
  52,204
  57,104
  62,213
  67,534
  73,070
  78,827
  84,809
  91,027
  97,488
  104,203
  111,184
  118,443
  125,996
  133,856
Adjusted assets (=assets-cash), $m
  4,283
  5,511
  6,961
  8,644
  10,567
  12,737
  15,154
  17,818
  20,726
  23,874
  27,257
  30,869
  34,706
  38,761
  43,031
  47,513
  52,204
  57,104
  62,213
  67,534
  73,070
  78,827
  84,809
  91,027
  97,488
  104,203
  111,184
  118,443
  125,996
  133,856
Revenue / Adjusted assets
  0.540
  0.540
  0.540
  0.540
  0.540
  0.540
  0.540
  0.540
  0.540
  0.540
  0.540
  0.540
  0.540
  0.540
  0.540
  0.540
  0.540
  0.540
  0.540
  0.540
  0.540
  0.540
  0.540
  0.540
  0.540
  0.540
  0.540
  0.540
  0.540
  0.540
Average production assets, $m
  379
  488
  616
  765
  936
  1,128
  1,342
  1,578
  1,835
  2,114
  2,414
  2,734
  3,074
  3,433
  3,811
  4,208
  4,623
  5,057
  5,510
  5,981
  6,471
  6,981
  7,511
  8,061
  8,634
  9,228
  9,846
  10,489
  11,158
  11,854
Working capital, $m
  -789
  -1,015
  -1,282
  -1,592
  -1,946
  -2,345
  -2,790
  -3,281
  -3,816
  -4,396
  -5,019
  -5,684
  -6,391
  -7,137
  -7,924
  -8,749
  -9,613
  -10,515
  -11,456
  -12,436
  -13,455
  -14,515
  -15,617
  -16,762
  -17,951
  -19,188
  -20,473
  -21,810
  -23,201
  -24,648
Total debt, $m
  1,363
  2,371
  3,561
  4,942
  6,522
  8,303
  10,287
  12,474
  14,862
  17,446
  20,224
  23,190
  26,339
  29,669
  33,175
  36,854
  40,705
  44,728
  48,923
  53,292
  57,837
  62,563
  67,475
  72,579
  77,883
  83,396
  89,128
  95,088
  101,288
  107,742
Total liabilities, $m
  3,517
  4,525
  5,715
  7,096
  8,676
  10,457
  12,441
  14,628
  17,016
  19,600
  22,378
  25,344
  28,493
  31,823
  35,329
  39,008
  42,859
  46,882
  51,077
  55,446
  59,991
  64,717
  69,629
  74,733
  80,037
  85,550
  91,282
  97,242
  103,442
  109,896
Total equity, $m
  767
  987
  1,246
  1,547
  1,892
  2,280
  2,713
  3,189
  3,710
  4,273
  4,879
  5,526
  6,212
  6,938
  7,703
  8,505
  9,345
  10,222
  11,136
  12,089
  13,080
  14,110
  15,181
  16,294
  17,450
  18,652
  19,902
  21,201
  22,553
  23,960
Total liabilities and equity, $m
  4,284
  5,512
  6,961
  8,643
  10,568
  12,737
  15,154
  17,817
  20,726
  23,873
  27,257
  30,870
  34,705
  38,761
  43,032
  47,513
  52,204
  57,104
  62,213
  67,535
  73,071
  78,827
  84,810
  91,027
  97,487
  104,202
  111,184
  118,443
  125,995
  133,856
Debt-to-equity ratio
  1.780
  2.400
  2.860
  3.190
  3.450
  3.640
  3.790
  3.910
  4.010
  4.080
  4.150
  4.200
  4.240
  4.280
  4.310
  4.330
  4.360
  4.380
  4.390
  4.410
  4.420
  4.430
  4.440
  4.450
  4.460
  4.470
  4.480
  4.480
  4.490
  4.500
Adjusted equity ratio
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179
  0.179

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -235
  -310
  -398
  -502
  -622
  -757
  -910
  -1,078
  -1,263
  -1,465
  -1,653
  -1,886
  -2,134
  -2,397
  -2,675
  -2,967
  -3,273
  -3,593
  -3,927
  -4,275
  -4,637
  -5,014
  -5,406
  -5,813
  -6,236
  -6,676
  -7,133
  -7,608
  -8,102
  -8,615
Depreciation, amort., depletion, $m
  84
  100
  119
  140
  165
  193
  224
  258
  295
  336
  350
  396
  445
  497
  552
  610
  670
  733
  798
  867
  938
  1,012
  1,089
  1,168
  1,251
  1,337
  1,427
  1,520
  1,617
  1,718
Funds from operations, $m
  -151
  -210
  -280
  -362
  -457
  -565
  -686
  -820
  -968
  -1,129
  -1,303
  -1,490
  -1,689
  -1,900
  -2,123
  -2,357
  -2,603
  -2,860
  -3,128
  -3,408
  -3,700
  -4,003
  -4,318
  -4,645
  -4,985
  -5,338
  -5,706
  -6,087
  -6,484
  -6,897
Change in working capital, $m
  -188
  -226
  -267
  -310
  -354
  -399
  -445
  -491
  -535
  -580
  -623
  -665
  -706
  -747
  -786
  -825
  -864
  -902
  -941
  -980
  -1,019
  -1,060
  -1,102
  -1,145
  -1,190
  -1,237
  -1,285
  -1,337
  -1,391
  -1,447
Cash from operations, $m
  37
  17
  -13
  -52
  -102
  -165
  -241
  -330
  -433
  -550
  -680
  -825
  -982
  -1,153
  -1,336
  -1,532
  -1,739
  -1,958
  -2,188
  -2,429
  -2,680
  -2,943
  -3,216
  -3,500
  -3,795
  -4,102
  -4,420
  -4,751
  -5,094
  -5,450
Maintenance CAPEX, $m
  -42
  -55
  -71
  -89
  -111
  -136
  -163
  -194
  -229
  -266
  -306
  -350
  -396
  -445
  -497
  -552
  -610
  -670
  -733
  -798
  -867
  -938
  -1,012
  -1,089
  -1,168
  -1,251
  -1,337
  -1,427
  -1,520
  -1,617
New CAPEX, $m
  -90
  -109
  -128
  -149
  -170
  -192
  -214
  -236
  -258
  -279
  -300
  -320
  -340
  -359
  -378
  -397
  -415
  -434
  -452
  -471
  -490
  -510
  -530
  -551
  -572
  -595
  -618
  -643
  -669
  -696
Cash from investing activities, $m
  -132
  -164
  -199
  -238
  -281
  -328
  -377
  -430
  -487
  -545
  -606
  -670
  -736
  -804
  -875
  -949
  -1,025
  -1,104
  -1,185
  -1,269
  -1,357
  -1,448
  -1,542
  -1,640
  -1,740
  -1,846
  -1,955
  -2,070
  -2,189
  -2,313
Free cash flow, $m
  -95
  -147
  -212
  -290
  -384
  -493
  -618
  -760
  -919
  -1,094
  -1,286
  -1,494
  -1,718
  -1,958
  -2,212
  -2,481
  -2,764
  -3,062
  -3,373
  -3,698
  -4,037
  -4,390
  -4,758
  -5,139
  -5,536
  -5,948
  -6,376
  -6,821
  -7,283
  -7,763
Issuance/(repayment) of debt, $m
  838
  1,008
  1,190
  1,381
  1,579
  1,781
  1,984
  2,187
  2,388
  2,585
  2,777
  2,966
  3,150
  3,329
  3,506
  3,679
  3,851
  4,023
  4,195
  4,368
  4,545
  4,726
  4,912
  5,104
  5,304
  5,513
  5,731
  5,960
  6,201
  6,454
Issuance/(repurchase) of shares, $m
  416
  529
  658
  803
  966
  1,146
  1,342
  1,555
  1,784
  2,028
  2,259
  2,533
  2,821
  3,123
  3,439
  3,769
  4,113
  4,470
  4,842
  5,228
  5,628
  6,045
  6,477
  6,926
  7,393
  7,878
  8,382
  8,907
  9,453
  10,022
Cash from financing (excl. dividends), $m  
  1,254
  1,537
  1,848
  2,184
  2,545
  2,927
  3,326
  3,742
  4,172
  4,613
  5,036
  5,499
  5,971
  6,452
  6,945
  7,448
  7,964
  8,493
  9,037
  9,596
  10,173
  10,771
  11,389
  12,030
  12,697
  13,391
  14,113
  14,867
  15,654
  16,476
Total cash flow (excl. dividends), $m
  1,159
  1,390
  1,636
  1,894
  2,161
  2,434
  2,708
  2,982
  3,253
  3,519
  3,750
  4,004
  4,252
  4,495
  4,733
  4,968
  5,200
  5,431
  5,663
  5,898
  6,136
  6,380
  6,632
  6,891
  7,161
  7,443
  7,738
  8,047
  8,371
  8,713
Retained Cash Flow (-), $m
  -416
  -529
  -658
  -803
  -966
  -1,146
  -1,342
  -1,555
  -1,784
  -2,028
  -2,259
  -2,533
  -2,821
  -3,123
  -3,439
  -3,769
  -4,113
  -4,470
  -4,842
  -5,228
  -5,628
  -6,045
  -6,477
  -6,926
  -7,393
  -7,878
  -8,382
  -8,907
  -9,453
  -10,022
Prev. year cash balance distribution, $m
  174
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  917
  861
  978
  1,091
  1,196
  1,288
  1,366
  1,427
  1,469
  1,490
  1,491
  1,471
  1,431
  1,372
  1,294
  1,198
  1,087
  961
  822
  670
  508
  336
  154
  -35
  -231
  -435
  -645
  -861
  -1,082
  -1,310
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  879
  788
  851
  898
  927
  935
  923
  892
  844
  781
  708
  628
  544
  461
  380
  305
  237
  177
  127
  85
  53
  28
  10
  -2
  -9
  -13
  -14
  -13
  -12
  -10
Current shareholders' claim on cash, %
  93.4
  87.3
  81.9
  76.9
  72.4
  68.3
  64.5
  61.0
  57.7
  54.8
  52.0
  49.4
  47.0
  44.8
  42.7
  40.7
  38.8
  37.0
  35.4
  33.8
  32.3
  30.8
  29.5
  28.2
  27.0
  25.8
  24.7
  23.6
  22.6
  21.7

Palo Alto Networks, Inc. offers a next-generation security platform. The Company's security platform consists of three elements: Next-Generation Firewall, Advanced Endpoint Protection and Threat Intelligence Cloud. Its Next-Generation Firewall delivers application, user and content visibility and control, as well as protection against network-based cyber threats integrated within the firewall through its hardware and software architecture. Its Advanced Endpoint Protection prevents cyber attacks that run malicious code or exploit software vulnerabilities on a range of fixed and virtual endpoints and servers. Its Threat Intelligence Cloud provides central intelligence capabilities, security for software as a service applications and automated delivery of preventative measures against cyber attacks. Its products and services include firewall appliances, panorama, virtual system upgrades, subscription services, support and maintenance, and professional services.

FINANCIAL RATIOS  of  Palo Alto Networks (PANW)

Valuation Ratios
P/E Ratio -74.5
Price to Sales 9.2
Price to Book 21.3
Price to Tangible Book
Price to Cash Flow 18.6
Price to Free Cash Flow 22.9
Growth Rates
Sales Growth Rate 27.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 123.3%
Cap. Spend. - 3 Yr. Gr. Rate 35.3%
Financial Strength
Quick Ratio NaN
Current Ratio 0
LT Debt to Equity 69.1%
Total Debt to Equity 69.1%
Interest Coverage 0
Management Effectiveness
Return On Assets -6.9%
Ret/ On Assets - 3 Yr. Avg. -7.5%
Return On Total Capital -16.2%
Ret/ On T. Cap. - 3 Yr. Avg. -15.4%
Return On Equity -26.2%
Return On Equity - 3 Yr. Avg. -27.2%
Asset Turnover 0.6
Profitability Ratios
Gross Margin 72.9%
Gross Margin - 3 Yr. Avg. 73%
EBITDA Margin -7.6%
EBITDA Margin - 3 Yr. Avg. -9%
Operating Margin -10.2%
Oper. Margin - 3 Yr. Avg. -10.8%
Pre-Tax Margin -11%
Pre-Tax Margin - 3 Yr. Avg. -12.2%
Net Profit Margin -12.3%
Net Profit Margin - 3 Yr. Avg. -13.5%
Effective Tax Rate -11.9%
Eff/ Tax Rate - 3 Yr. Avg. -10.5%
Payout Ratio 0%

PANW stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the PANW stock intrinsic value calculation we used $1761.6 million for the last fiscal year's total revenue generated by Palo Alto Networks. The default revenue input number comes from 0001 income statement of Palo Alto Networks. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our PANW stock valuation model: a) initial revenue growth rate of 31.3% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for PANW is calculated based on our internal credit rating of Palo Alto Networks, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Palo Alto Networks.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of PANW stock the variable cost ratio is equal to 105.8%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $80 million in the base year in the intrinsic value calculation for PANW stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Palo Alto Networks.

Corporate tax rate of 27% is the nominal tax rate for Palo Alto Networks. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the PANW stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for PANW are equal to 16.4%.

Life of production assets of 6.9 years is the average useful life of capital assets used in Palo Alto Networks operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for PANW is equal to -34.1%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $759.6 million for Palo Alto Networks - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 92.88 million for Palo Alto Networks is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Palo Alto Networks at the current share price and the inputted number of shares is $16.4 billion.

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COMPANY NEWS

▶ Why Palo Alto Networks Inc. Stock Fell 18.7% in October   [Nov-12-18 07:15PM  Motley Fool]
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▶ Palo Alto Networks Named a Leader in Zero Trust Report   [Nov-08-18 03:42PM  PR Newswire]
▶ The Buyout Offer for Symantec Stock Is Perfect Timing   [Nov-07-18 09:20AM  InvestorPlace]
▶ 3 High-Growth Stocks That Could Soar   [11:27AM  Motley Fool]
▶ 7 Growth Stocks That Could Be Derailed Soon   [02:28PM  InvestorPlace]
▶ Palo Alto Networks Stock Upgraded: What You Need to Know   [Oct-18-18 02:56PM  Motley Fool]
▶ Palo Alto Networks names Google's Amit Singh president   [Oct-15-18 05:31PM  MarketWatch]
▶ Palo Alto Networks Completes Acquisition of RedLock   [Oct-12-18 04:30PM  PR Newswire]
▶ Stocks Turn Positive After Heavy Losses; Palo Alto PT Hiked   [10:20AM  Investor's Business Daily]
▶ Palo Alto Networks to pay $173M for Menlo Park cloud security startup   [Oct-03-18 10:47AM  American City Business Journals]
▶ Dow Sets Record High On Strong Job Growth, Apple Hits New High   [10:16AM  Investor's Business Daily]
▶ [$$] Palo Alto Networks to Buy RedLock for $173 Million   [09:44AM  The Wall Street Journal]
▶ 2 Simple Reasons to Buy Palo Alto Networks   [Sep-28-18 11:06AM  Motley Fool]
▶ Palo Alto Networks hires former Uber HR exec   [Sep-25-18 05:57PM  American City Business Journals]
▶ Is FireEye, Inc. a Buy?   [Sep-10-18 08:47PM  Motley Fool]
▶ Tech Stocks Turn Red As Apple Extends Losing Streak   [10:19AM  Investor's Business Daily]
▶ Company News For Sep 10, 2018   [09:35AM  Zacks]
▶ Tesla and Southern drop while Broadcom rises   [Sep-07-18 04:32PM  Associated Press]
▶ 3 Stocks to Watch on Friday   [03:22PM  GuruFocus.com]
▶ Palo Alto: Fiscal 4Q Earnings Snapshot   [04:44PM  Associated Press]
▶ Which Stocks Make This List Of The Fastest-Growing Companies?   [Sep-04-18 05:28PM  Investor's Business Daily]
▶ Consider Palo Alto Networks After a Dip   [03:26PM  GuruFocus.com]

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