Palo Alto Networks (PANW) – Investment Analysts’ Recent Ratings Updates

A number of firms have modified their ratings and price targets on shares of Palo Alto Networks (NYSE: PANW) recently:

  • 2/5/2018 – Palo Alto Networks had its price target raised by analysts at KeyCorp from $170.00 to $190.00. They now have an “overweight” rating on the stock.
  • 1/23/2018 – Palo Alto Networks was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Palo Alto Networks offers network security solutions to enterprises, service providers and government entities worldwide. Of late, estimates have remained stable for the company. We remain encouraged by Palo Alto Network’s healthy demand environment, new product launches and increasing adoption of its next-generation security platforms. Revenue growth seems to be steady, aided by strength across all its geographical regions and business segments. Also, customer wins coupled with expansion of the existing customer base are the other positives. We believe that synergies from acquisitions will also boost revenues, going forward. Also, the strategic partnerships with the likes of VMware, Splunk and Citrix, will continue to bring in customers for Palo Alto thereby boosting the top line. Nonetheless, a volatile spending environment and competition from peers remain concerns. The company has underperformed the industry over the past year.”
  • 1/23/2018 – Palo Alto Networks was upgraded by analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating. They now have a $180.00 price target on the stock.
  • 1/22/2018 – Palo Alto Networks was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $181.00 price target on the stock. According to Zacks, “Palo Alto Networks offers network security solutions to enterprises, service providers and government entities worldwide. Of late, estimates have remained stable for the company. We remain encouraged by Palo Alto Network’s healthy demand environment, new product launches and increasing adoption of its next-generation security platforms. Revenue growth seems to be steady, aided by strength across all its geographical regions and business segments. Also, customer wins coupled with expansion of the existing customer base are the other positives. We believe that the company’s acquisitions synergies will also boost revenues, going forward. Also, the strategic partnerships with the likes of VMware, Splunk and Citrix, will continue to bring in customers for Palo Alto thereby boosting the top line. Nonetheless, a volatile spending environment and competition from peers remain concerns.”
  • 1/22/2018 – Palo Alto Networks was downgraded by analysts at Goldman Sachs Group Inc from a “buy” rating to a “neutral” rating. They now have a $168.00 price target on the stock.
  • 1/18/2018 – Palo Alto Networks was upgraded by analysts at Evercore ISI from an “in-line” rating to an “outperform” rating. They now have a $180.00 price target on the stock.

Palo Alto Networks Inc (PANW) traded up $1.83 during trading on Monday, reaching $155.70. The company’s stock had a trading volume of 496,419 shares, compared to its average volume of 1,147,415. The stock has a market cap of $14,140.00, a P/E ratio of -63.29 and a beta of 1.04. Palo Alto Networks Inc has a twelve month low of $107.31 and a twelve month high of $160.83.

Palo Alto Networks (NYSE:PANW) last posted its quarterly earnings results on Monday, November 20th. The network technology company reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.06. The business had revenue of $505.50 million for the quarter, compared to the consensus estimate of $489.36 million. Palo Alto Networks had a negative return on equity of 15.77% and a negative net margin of 11.97%. The company’s quarterly revenue was up 27.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.55 EPS. research analysts predict that Palo Alto Networks Inc will post -0.37 earnings per share for the current fiscal year.

In other Palo Alto Networks news, Director Stanley J. Meresman sold 2,000 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $159.00, for a total transaction of $318,000.00. Following the sale, the director now owns 13,834 shares in the company, valued at approximately $2,199,606. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Mark D. Mclaughlin sold 25,000 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $149.85, for a total value of $3,746,250.00. Following the completion of the transaction, the chief executive officer now directly owns 374,919 shares of the company’s stock, valued at approximately $56,181,612.15. The disclosure for this sale can be found here. In the last quarter, insiders have sold 396,644 shares of company stock worth $59,381,588. Company insiders own 4.80% of the company’s stock.

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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