Cowen and Company’s price target suggests a potential upside of 22.08% from the stock’s current price. Wells Fargo restated an “outperform” rating on shares of Palo Alto Networks in a research report on Thursday, September 17th. BTIG Research started coverage on shares of Palo Alto Networks in a report on Thursday, September 10th.
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Palo Alto Networks (PANW) is Reiterated by Stifel to Buy according to the research report released to the investors.
Palo Alto Networks, Inc. offers a network security platform that allows enterprises, service providers, and government entities to secure their networks.
Overall, 2 research analysts have assigned a Hold rating and 17 research analysts have given a Buy rating to the stock.
Analysts at Pacific Crest reiterate an Overweight rating on the stock along with a hike in the price target from $190 to $210 on the back of the quarterly result announcement. Needham increased their price target on Palo Alto Networks Inc from $182 to $202. In the past week, the shares have outperformed the S&P 500 by 5.69% and the outperformance increases to 6.67% for the last 4 weeks. The 52 week high for the share price is 200.55 while the 52 week low for the stock is 110.53. The stock’s market cap is $14.62 billion. The 50-day moving average is $164.74 and the 200 day moving average is recorded at $171.02.
PANW reported last quarter earnings on November 23. The network technology company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.03. The company’s net loss widened to USD 38.7 million, or USD 0.45 per share, versus a USD 30.1 million net loss, or USD 0.38 per share, a year earlier.
The consensus of 37 analysts polled by Thomson Reuters called for $284.4 million in sales and 32 cents EPS ex items. Equities research analysts anticipate that Palo Alto Networks will post $1.71 earnings per share for the current year. Finally, Gabelli maintained the stock with “Hold” rating in a September 10 report. The shares were sold at an average price of $155.39, for a total value of $5,438,650.00. Following the transaction, the chief marketing officer now owns 106,304 shares in the company, valued at approximately $18,095,066.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
In related news, CFO Steffan Tomlinson sold 2,332 shares of the firm’s stock in a transaction on Monday, September 21st. Following the transaction, the senior vice president now directly owns 102,722 shares in the company, valued at $19,180,251.84. The disclosure for this sale can be found here.
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Palo Alto Networks Inc (NYSE:PANW), the next-generation security company, today announced financial results for its fiscal first quarter 2016 ended October 31, 2015. The core of its platform is the Companys firewall that delivers natively integrated application, user, and content visibility and control through its operating system, hardware, and software architecture.
