On Thursday, Palo Alto Networks (PANW) stock got an upgrade to its Relative Strength (RS) Rating, from 79 to 87.
↑ XThis exclusive rating from Investor's Business Daily identifies share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the best stocks typically have an RS Rating of at least 80 in the early stages of their moves.
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Palo Alto Networks stock is trading within a buying range after clearing a 380.84 entry in a consolidation. The proper buying range extends to 5% above the initial entry. Once a stock hits that benchmark, it's best to hold off investing and wait for it to set up another buying opportunity.
The cybersecurity company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 5% to 13%. Revenue rose from 12% to 14%.
Palo Alto Networks stock holds the No. 3 rank among its peers in the Computer Software-Security industry group. Fortinet (FTNT) is the top-ranked stock within the group.
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