They also projected Low Price Target as $139 while High Price Target is set at $215.
Advertisement
Palo Alto Networks (NYSE:PANW) traded up 0.37% on Wednesday, hitting $136.10.
Palo Alto Networks, Inc. has the Market Capitalization of 11.98 Billion. The firm has a SMA 50 (Simple Moving Average) of $75.83 and a SMA 200-(Simple Moving Average) of $73.28. Below is a chart showing the trailing twelve month trading history for Palo Alto Networks, Inc, and highlighting in green where the $90 strike is located relative to that history: The chart above, and the stock’s historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the January 2018 put at the $90 strike for the 4.8% annualized rate of return represents good reward for the risks.
Palo Alto Networks (NYSE:PANW) last announced its quarterly earnings results on Thursday, May 26th.
Palo Alto Networks, Inc. reported its last Earnings on Aug 30 AMC where the company reported Actual EPS of $0.42/Share whereas, the Analyst Estimated EPS was $0.42/share. The company’s revenue was up 47.7% compared to the same quarter past year. 4 analysts have rated the company as a “Hold”. Moreover, the company’s adjusted earnings per share (EPS) clocked in at 42 cents, coming in-line with its consensus estimates. Victory Capital Management Inc. purchased a new position in shares of Palo Alto Networks during the fourth quarter worth about $2,281,000. BlackRock Advisors LLC boosted its stake in Palo Alto Networks by 36.2% in the fourth quarter. The corporation has an earnings per share (EPS) ratio of -2.52. Heritage Investors Management Corp added PANW to its portfolio by purchasing 5,905 company shares during the most recent quarter which is valued at $732,397. During last six month period, the net percent change held by insiders has seen a change of -7.59%. During the same quarter in the previous year, the company posted $0.23 EPS. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark D. Mclaughlin sold 61,423 shares of the business’s stock in a transaction that occurred on Thursday, June 2nd. The prior close of the stock price is recorded at $165.79. Following the sale, the chief executive officer now directly owns 633,130 shares of the company’s stock, valued at $87,644,185.90. The disclosure for this sale can be found here.
A number of Reuters analysts recently commented on the stock. The current rating of the shares is Neutral, according to the research report released by the firm.
05/27/2016 – Palo Alto Networks, Inc. had its “buy” rating reiterated by analysts at Dougherty & Co. However, the company stock price came under real stress as its guidance missed the midpoint of analyst expectations.
Advertisement
Palo Alto Networks, Inc. opened at $131.26 and closed at $131 by showing an increase of 3.51%. The Company’s security platform consists of three elements: its Next-Generation Firewall, its Advanced Endpoint Protection, and its Threat Intelligence Cloud.
