Palo Alto Networks (PANW) Receiving Positive Press Coverage, Analysis Shows
Media coverage about Palo Alto Networks (NYSE:PANW) has been trending positive on Wednesday, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Palo Alto Networks earned a media sentiment score of 0.25 on Accern’s scale. Accern also gave news coverage about the network technology company an impact score of 45.3936931600366 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media stories that may have impacted Accern’s rankings:
- Palo Alto Networks, Inc. (PANW) Stock Rating Reaffirmed by Susquehanna Bancshares Inc (americanbankingnews.com)
- Raymond James Financial, Inc. Reaffirms Outperform Rating for Palo Alto Networks, Inc. (PANW) (americanbankingnews.com)
- Palo Alto Networks, Inc. (NYSE:PANW) Traded Over Its 50 Day Average – Modern Readers (modernreaders.com)
- Trade of the Day: Palo Alto Networks Inc (PANW) Stock Is a Bullish Delight – Investorplace.com (investorplace.com)
- Palo Alto Networks, Inc. (PANW) Rating Increased to Outperform at Imperial Capital (americanbankingnews.com)
Several research analysts have commented on the stock. UBS AG reissued a “neutral” rating and set a $140.00 price target (up from $130.00) on shares of Palo Alto Networks in a research note on Monday, June 5th. Evercore ISI set a $140.00 price target on shares of Palo Alto Networks and gave the stock a “hold” rating in a research note on Saturday, June 17th. Argus raised shares of Palo Alto Networks from a “hold” rating to a “buy” rating and set a $183.00 price target on the stock in a research note on Tuesday. FBN Securities reissued a “sector perform” rating and set a $155.00 price target (up from $135.00) on shares of Palo Alto Networks in a research note on Tuesday. Finally, Barclays PLC reissued an “overweight” rating and set a $161.00 price target (up from $158.00) on shares of Palo Alto Networks in a research note on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $157.91.
Palo Alto Networks (NYSE PANW) traded up 0.49% during midday trading on Wednesday, reaching $144.73. 2,122,420 shares of the company traded hands. The firm has a 50-day moving average of $133.76 and a 200-day moving average of $125.97. The stock’s market capitalization is $13.29 billion. Palo Alto Networks has a 1-year low of $107.31 and a 1-year high of $165.69.
Palo Alto Networks (NYSE:PANW) last posted its quarterly earnings data on Thursday, August 31st. The network technology company reported ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of $0.79 by $0.92. The business had revenue of $509 million during the quarter, compared to analysts’ expectations of $487.53 million. Palo Alto Networks had a negative net margin of 12.57% and a negative return on equity of 19.08%. The firm’s quarterly revenue was up 27.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.50 earnings per share. On average, analysts predict that Palo Alto Networks will post $3.33 earnings per share for the current year.
In other news, Director James J. Goetz sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $137.97, for a total value of $4,139,100.00. Following the completion of the sale, the director now directly owns 271,645 shares in the company, valued at $37,478,860.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.80% of the stock is owned by insiders.
About Palo Alto Networks
Palo Alto Networks, Inc offers a next-generation security platform. The Company’s security platform consists of three elements: Next-Generation Firewall, Advanced Endpoint Protection and Threat Intelligence Cloud. Its Next-Generation Firewall delivers application, user and content visibility and control, as well as protection against network-based cyber threats integrated within the firewall through its hardware and software architecture.
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