The company had suffered a loss of 44 cents in the year-ago quarter.
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Palo Alto Networks has a one-year low of $111.09 and a 52 week high of $194.73 and has a total market value of $12.9B. Company has a market cap of $12,678 M.
During the last trading period, the peak price level of the share was $52.59; it means it is top price of day and down price level of the share was $52.03; it means minimum price of the day at which price share traded. (NASDAQ:CSIQ) from a strong-buy rating to a buy rating in a research note released on Monday morning. Checchi Capital Advisers LLC now owns 1,155 shares of the network technology company’s stock worth $142,000 after buying an additional 649 shares in the last quarter.
To have technical views, liquidity ratio of a company calculated as 1.20 to match up with its debt to equity ratio of 0.76. 22 analysts have rated the company as a strong “Hold”. Imperial Capital restated an “outperform” rating and set a $190.00 price objective on shares of Palo Alto Networks in a research report on Thursday, August 25th. The figure was significantly higher than the Zacks Consensus Estimate of a loss of 24 cents.
SYSCO Corporation (NYSE:SYY) now has mean rating of 2.7 while 2 analyst have recommended the shares as “BUY”, 2 commented as “OUTPERFORM” and 9 commented as “HOLD”. The company also reported increase of 75% in free cash flow, which clocked in at $171 million. The prevailing figure will allow the investment community to determine the size of Palo Alto Networks, Inc.in contrast to the sales or total assets figures.
Security software vendor Palo Alto Networks (PANW) late Tuesday disappointed with its guidance for the current quarter and forecast billings growth far below its previous three quarters. Volume of trade was was up over the average, with 3,464,224 shares of PANW changing hands over the typical 1,511,700 shares.
The share price of the company (NYSE:PANW) was up +0.21%, with a high of 141.35 during the day and the volume of Palo Alto Networks, Inc. shares traded was 1185551. Vetr now has $14.50 target price on the stock. The company finished it is trading at $143.45. Now the stock price is moving -26.33% off from the highest level of twelve months and +29.13% above from twelve months low.
In Palo Alto Networks Inc (NYSE:PANW) latest quarter ended on 30 April 2016, company announced earnings of $0.42.
Palo Alto also said its board had authorized a share buyback of up to $500 million.
However, its net loss widened to $54.5 million, or 61 cents per share, in the quarter ended July 31 from $46 million, or 55 cents per share, a year earlier.
Currently, the stock carries a price to earnings ratio of 17.3, a price to book ratio of 2.22, and a price to sales ratio of 2.67. Company gross margin stands at 16.50% whereas its return on investment (ROI) is 6.20%. PANW attains analyst recommendation of 1.70 with week’s performance of 0.94%. The Corporation has a Mean Rating of 1.73 based on the Reuters Analysts consensus issuing ratings.
While management called out tough comps for product and a mix shift to subscription, the magnitude of the guide below on product raises the concern that the C2Q slowing we previewed in security is steeper and/or impacting Palo Alto more than we expected. The company has Relative Strength Index (RSI 14) of 70.69 along with Average True Range (ATR 14) of 3.56.
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Alton Brooks has wide experience of content writing.
