Palo Alto Networks Inc (NYSE:PANW) CEO Mark D. Mclaughlin sold 35,000 shares of the company’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $149.50, for a total value of $5,232,500.00. Following the completion of the sale, the chief executive officer now owns 348,901 shares of the company’s stock, valued at $52,160,699.50. The transaction was disclosed in a filing with the SEC, which is available through this link.
Palo Alto Networks Inc (PANW) traded up $3.71 on Friday, hitting $152.97. 1,407,554 shares of the company’s stock traded hands, compared to its average volume of 1,031,714. Palo Alto Networks Inc has a twelve month low of $107.31 and a twelve month high of $157.65. The company has a market cap of $14,060.00, a P/E ratio of -62.18 and a beta of 0.99.
Palo Alto Networks (NYSE:PANW) last released its quarterly earnings data on Monday, November 20th. The network technology company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.68 by $0.06. Palo Alto Networks had a negative net margin of 11.97% and a negative return on equity of 15.77%. The business had revenue of $505.50 million during the quarter, compared to the consensus estimate of $489.36 million. During the same quarter in the prior year, the firm earned $0.55 EPS. The business’s revenue was up 27.0% on a year-over-year basis. equities research analysts predict that Palo Alto Networks Inc will post -0.37 earnings per share for the current year.
Several equities research analysts have recently commented on PANW shares. Oppenheimer restated a “buy” rating and issued a $180.00 price objective (up from $173.00) on shares of Palo Alto Networks in a research note on Tuesday, November 21st. Northland Securities set a $175.00 price objective on Palo Alto Networks and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Zacks Investment Research lowered Palo Alto Networks from a “hold” rating to a “sell” rating in a research note on Monday, November 13th. Telsey Advisory Group upped their price objective on Palo Alto Networks from $165.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 22nd. Finally, Sanford C. Bernstein upped their price objective on Palo Alto Networks from $180.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 21st. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty-two have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $164.89.
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Palo Alto Networks Company Profile
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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