February 21, 2024 | Daily JAM, Jubak Picks, Long Term, Millennial, PANW, Top 50 Stocks, Volatility |
After yesterday’s earnings report–the company beat Wall Street estimates for the quarter–and radically lower guidance for next quarter and the rest of 2024–total billings for next quarter will grow by just 2% to 4% and revenue for all of 2024 will grow by just 15% to 16% from 2023–shares of Palo Alto Networks (PANW) took a big hit right between the eyes. The stock fell 28.44% at the close and lost $104.12 a share to $261.97. What do I recommend? I’d say “buy” with a couple of caveats. Why buy?
February 20, 2024 | Daily JAM, Jubak Picks, Long Term, Morning Briefing |
t should be a familiar story in this priced-to-perfection market: Company beats big in current quarter but lowers guidance and stock takes a dive. Latest victim? Palo Alto Networks (PANW). The stock is down 14.09% at 4:30 New York time today. And with Nvidia scheduled to report tomorrow after the close, you can bet the market will be on edge tomorrow.
January 1, 2024 | Daily JAM, Jubak Picks, Mid Term, PANW, Stock Alerts, Top 50 Stocks |
GREATER Growth Stock Pick #9: Palo Alto Networks (PANW). I’m not going to try to convince you that shares of cyber-security favorite Palo Alto Networks are a value stock. It trades at 166 times trialing 12-month earnings per share. And I’m not going to try to convince you that this is an undiscovered stock that’s going to sneak up on anyone. The shares was up 111% in 2023. (The stock has been a member of my long-term 50 Stocks Portfolio since July 17, 2019. In that time the position is up 296%.) But remember the point of this Special Report–I’m looking for great growth stocks, which aren’t cheap in this market by any means, with catalysts in the next year or two that will push growth higher. And here I think Palo Alto Systems rings the bell three times over.
July 21, 2023 | Daily JAM, Dividend Income, IRM, Jubak Picks |
Today’s Quick Pick is Iron Mountain (IRM). Iron Mountain has been around since the 1950s. It started off as a corporate document storage repository and has gradually moved into shredding, security and digitalization (they digitize and store important documents) and a full cloud storage and management offering. The company has 93 million square feet of storage around the world in 56 countries. It acquired about 29 companies in the last three years as the company looks to consolidate a still rather fragmented industry. It has had an average 5.6% revenue growth over the last three years. Morningstar calculates the shares trade at a 3% discount, with a PE of 31, and they pay a 4.2% dividend. I think Iron Mountain is riding a number of o-gern The long-term trends that include corporate and cyber security, as well as the need for document backup in a age of climate change. I’ll be adding this to my JubakPicks and Dividend portfolios on Monday, July 24..
June 3, 2023 | Daily JAM, Long Term, Millennial, PANW, Top 50 Stocks |
Shares of Palo Alto Networks (PANW) rose by 5.59% in after-hours trading on Friday. The reason? News that the stock will be added to the Standard & Poor’s 500 index before the market open on June 20. Managers of portfolios that follow the index have to buy shares of Palo Alto to keep up with the change. The move to membership in the index increases ownership of the shares just as the stock is exhibiting extraordinary upward momentum. Shares of the cyber-security company are up 55.68% for 2023 to date as of the close on Friday, June 2, and up 22.81% in the last month. That performance rests on a record of high sustained growth. It’s the “sustained” part that I think the market finds so valuable right now.
August 24, 2022 | Daily JAM, Jubak Picks, Millennial, PANW |
After the close on Monday, August 22, Palo Alto Networks (PANW) reported fiscal fourth-quarter (adjusted) earnings of $2.39. a share. Analysts had projected $2.28 a share. Revenue climbed 27% to $1.6 billion. The company also announces a 3/1 stock split.
May 20, 2022 | Daily JAM, Jubak Picks, PANW, Top 50 Stocks |
I’m actually surprised that shares of cyber-security company Palo Alto Networks (PANW) rose only 10.7% in after-hours trading after the company reported adjusted fiscal third quarter earnings of $1.79 a share. That was ahead of the adjusted earnings of $1.68 a share expected by analysts and it was up from $1.38 a share in the fiscal third quarter of 2021. Revenue of $1.39 billion, up from $1.07 billion a year ago, was ahead of analyst projections of $1.38 billion. Billings rose to $1.8 billion from $1.27 billion in 2021. But the big news, the news that powered the after-hours gains, came when executives at Palo Alto raised their full-year outlook for the third time in as many quarters
April 18, 2022 | Daily JAM, Videos |
My one-hundredth-and-twenty-second YouTube video “Trend of the Week: A Summer Rally for Two Underdog Tech Stocks” went up today. This week’s video looks at the implications of the coming “summer rally” for 2 tech stocks that have been pounded this year: Qualcomm (QCOM) and SentinelOne (S).
February 24, 2022 | CRWD, Daily JAM, DAL, EQNR, Jubak Picks, LNG, Millennial, Morning Briefing, PXD, Top 50 Stocks |
With the Russian invasion of Ukraine about to trigger another package of tougher U.S. and European sanctions, I think we can expect Russia to delver on Vladimir Putin’s promise of retaliation. The most obvious form of that will be cyberattacks on U.S. infrastructure, like the Colonial Pipeline attack, on U.S. financial systems through hacking to steal customer information and denial of service attacks, and on attacks to break into U.S. corporate networks to either paralyze those networks or to effectively put them off line. I wouldn’t rule out attacks on government infrastructure either at local, state, and national levels.
December 1, 2021 | AMAT, ASML, Daily JAM, Short Term |
After yesterday’s selling, we’re getting a bounce today. But, significantly, the bounce in stocks is much less “bouncy” than the Monday bounce from Friday’s plunge.
October 15, 2021 | Daily JAM |
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. My fifty-eighth YouTube video “3 Picks for Iffy Growth” went up today.
October 13, 2021 | ALB, CRWD, Daily JAM, FQVLF, OKTA |
If you look only at the major indexes, today was a mildly positive day. The Standard & Poor’s 500 closed up 0.30%, although the Dow Jones Industrial Average was flat. The NASDAQ Composite gained 0.73% at the close and the NASDAQ 100 added 0.77%. The small cap Russell 2000 ended ahead 0.34%. But take a look at some of the frankly outlandish gains in the market’s hottest sectors. It’s not difficult to find gains of 5% or more today
