The average volume stands around 1.51 million shares.
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Other institutional investors have modified their holdings of the company. However, Palo Alto stock plunged 7.17% in Wednesday’s trading session, despite reporting revenue and EPS ahead of the consensus.
Palo Alto Networks has 89,602,000 shares now held by shareholders which now trade around the 143.45 mark which totals Palo Alto Networks’s market capitalisation to 12.85B United States dollars.
Palo Alto Networks Inc (NYSE:PANW) received a stock rating downgrade from Raymond James on Aug-31-16. Analyst expected twelve month price target of $183.58. (NYSE:PANW) revenue over a trailing-twelve-month period is trending higher which means it is increasing for at least four consecutive quarters.
Palo Alto Networks, Inc.is a security company. Zero analyst has rated the stock with a sell rating, 3 has assigned a hold rating, 3 says it’s a buy, and 19 have assigned a strong buy rating to the company. The Average price target is noted at $5.75, this average price is calculated and based on coming up with go through the consensus of analysts and stock’s current price is placed at $5.45. This 5% drop in the stock price came despite revenue growth of 25% and upbeat commentary from founder, chairman and CEO Marc Benioff on the conference call. The network technology company reported $0.50 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.50. The company’s price sits 3.04% above from its 50-day moving average of $132.01 and -9.19% away from the stock’s 200-day moving average which is $138.44. Piper Jaffray Cos. reduced their price objective on Palo Alto Networks from $208.00 to $180.00 and set an “overweight” rating on the stock in a research note on Thursday, May 12th. The trading began at US$27.94 but the price moved to US$27.55 at one point during the session and finally capitulating to a session high of US$28.1.
Palo Alto Networks, Inc.’s (PANW) made a return of 3.72%% in one month through last close, displaying a -5.37% return during the past three months. Its revenue of $400.8 million beat analysts’ expectations by $11.1 million. While revenue for Palo Alto Networks, Inc.
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Palo Alto Networks, Inc. “Revenue for the year was $1.4 billion, up 49 percent year over year, our customer base expanded to approximately 34,000 customers, we extended our platform capabilities both with new offerings and strategic partnerships, and we established new routes to market while driving significant growth across our partner ecosystem”, said Mark McLaughlin, chief executive officer of Palo Alto Networks.
