Palo Alto Networks saw a positive improvement to its Relative Strength (RS) Rating on Friday, rising from 80 to 83.
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IBD's unique rating identifies price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the top-performing stocks often have an RS Rating of over 80 in the early stages of their moves.
Palo Alto Networks is still within a buy zone after breaking past a 195.42 entry in a cup with handle. Once a stock moves 5% or higher beyond the initial entry, it's considered extended and out of buy range.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 21%, compared to 11% in the prior report. Revenue increased from 14% to 15%.
Palo Alto Networks holds the No. 3 rank among its peers in the Computer Software-Security industry group. Cognyte Software is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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