Palo Alto Networks saw an improvement in its IBD SmartSelect Composite Rating Thursday, from 91 to 97.
The new rating is a sign the stock is outpacing 97% of all stocks when it comes to the most important stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
Palo Alto Networks is not currently near a proper entry. See if the stock goes on to form a new base and offer a new buying opportunity.
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The stock sports a 97 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 97% of all stocks.
Its Accumulation/Distribution Rating of D- shows moderate selling by institutional investors over the last 13 weeks. Look for the rating to improve to at least a C or better.
The company posted an 11% earnings gain for Q2. Sales were flat, matching the prior quarter's 14%.
Palo Alto Networks earns the No. 4 rank among its peers in the Computer Software-Security industry group. Fortinet is the No. 1-ranked stock within the group.
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