Revealing a significant insider sell on December 5, Josh D Paul, Chief Accounting Officer at Palo Alto Networks (NASDAQ:PANW), as per the latest SEC filing.
What Happened: Paul's recent Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday unveiled the sale of 1,100 shares of Palo Alto Networks. The total transaction value is $228,932.
In the Wednesday's morning session, Palo Alto Networks's shares are currently trading at $294.66, experiencing a up of 0.64%.
Discovering Palo Alto Networks: A Closer Look
Palo Alto Networks is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, and security operations. The California-based firm has more than 85,000 customers across the world, including more than three fourths of the Global 2000.
Palo Alto Networks: Financial Performance Dissected
Revenue Growth: Palo Alto Networks displayed positive results in 3 months. As of 31 October, 2023, the company achieved a solid revenue growth rate of approximately 20.13%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.
Profitability Metrics:
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Gross Margin: ...