Palo Alto Networks Receives New Coverage from Analysts at Mizuho (PANW)

Analysts at Mizuho started coverage on shares of Palo Alto Networks (NASDAQ: PANW) in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.

Several other analysts have also recently commented on the stock. Analysts at Northland Capital upgraded shares of Palo Alto Networks from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, March 7th. They now have a $70.00 price target on the stock, up previously from $60.00. Separately, analysts at Northland Securities upgraded shares of Palo Alto Networks from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, March 7th. They now have a $70.00 price target on the stock, up previously from $60.00. Finally, analysts at Topeka Capital Markets raised their price target on shares of Palo Alto Networks to $69.00 in a research note to investors on Monday, March 4th.

Fourteen research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $65.55.

Palo Alto Networks (NASDAQ: PANW) opened at 55.98 on Tuesday. Palo Alto Networks has a 52-week low of $47.00 and a 52-week high of $72.61. The stock’s 50-day moving average is currently $55.93. The company’s market cap is $3.870 billion.

Palo Alto Networks (NASDAQ: PANW) last issued its quarterly earnings data on Thursday, February 28th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. The company had revenue of $96.50 million for the quarter, compared to the consensus estimate of $93.29 million. During the same quarter in the prior year, the company posted $0.04 earnings per share. The company’s quarterly revenue was up 70.2% on a year-over-year basis. On average, analysts predict that Palo Alto Networks will post $0.21 earnings per share for the current fiscal year.

Palo Alto Networks, Inc. offers a network security platform that allows enterprises, service providers, and government entities to secure their networks.

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