US stocks continued their recent bull run, with the top indices like the S&P 500 and Nasdaq 100 soaring to their record highs. This surge was triggered by the rising optimism of a US-Iran trade deal and the strong Dell (NASDAQ:DELL) earnings report. This article looks at the top 3 S&P 500 Index stocks to watch next week.
Palo Alto Networks
Palo Alto Networks (NASDAQ:PANW) stock price has embarked on a strong bull run and is hovering at its all-time high. It has soared in the last seven consecutive weeks as demand for cybersecurity companies soared.
PANW stock will be in the spotlight as it releases its earnings report on Tuesday. Analysts expect the numbers to show that its revenue jumped by 28% in the last quarter to $2.9 billion. Its guidance for the annual revenue is expected to be $11.3 billion, up by 22% YoY.
The most recent earnings report showed that its revenue and earnings soared in the second quarter as companies leaned on its platform to fight threats. Its revenue rose by 15% to $2.59 million, while its ARR jumped by 33% to $6.3 million.
