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Palo Alto Networks' (NASDAQ: PANW) stock price may look a bit cheaper than it used to. That's because it recently underwent a 2-for-1 stock split that dropped the stock from around $400 per share ...
Since Palo Alto's initial public offering (IPO) in mid-2012, the stock has soared from a split-adjusted price of $14 to more than $383, representing impressive gains of 2,638%.
That 3-for-1 stock split occurred after the market close on Sept. 13, 2022. Before that split took effect, Palo Alto Networks' stock closed at $548.88 per share.
Palo Alto Networks was founded in 2005 by Nir Zuk, [11] a former engineer from Check Point and NetScreen Technologies. [12] Zuk, an Israeli native, began working with computers during his mandatory military service in the Israeli Defense Forces in the early 1990s.
The price of each share is adjusted to $25. As a result, when looking at a historical chart, one might expect to see the stock dropping from $50 to $25. To avoid these discontinuities, many charts use what is known as an adjusted share price; that is, they divide all closing prices before the split by the split ratio. Thus, when looking at the ...
Palo Alto stock trades at a forward price-to-sales ratio (P/S) of over 14 times fiscal 2025 estimates for a company projecting to grow revenue by 14%. PANW PS Ratio (Forward) Chart PANW PS Ratio ...