Palo Alto Networks (PANW) : Traders are bullish on Palo Alto Networks (PANW) as it has outperformed the S&P 500 by a wide margin of 7.71% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.56%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.88% in the last 1 week, and is up 7.48% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 5.99% and the fifty day Moving Average is 9.51%. Palo Alto Networks, Inc. is up 8.33% in the last three month period. Year-to-Date the stock performance stands at -20.13%.
Palo Alto Networks (PANW) : The highest short term price target forecast on Palo Alto Networks (PANW) is $215 and the lowest target price is $140. A total of 22 equity analysts are currently covering the company. The average price of all the analysts is $184.27 with a standard deviation of $16.91.
Palo Alto Networks (NYSE:PANW): stock turned positive on Friday. Though the stock opened at $140.12, the bulls momentum made the stock top out at $141.355 level for the day. The stock recorded a low of $138.6 and closed the trading day at $140.68, in the green by 0.21%. The total traded volume for the day was 1,185,551. The stock had closed at $140.39 in the previous days trading.
Palo Alto Networks, Inc. is a security company. The Companys security platform consists of three elements: its Next-Generation Firewall, its Advanced Endpoint Protection, and its Threat Intelligence Cloud. The Companys 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. Its Advanced Endpoint Protection prevents cyber-attacks that aim to exploit software vulnerabilities on a range of fixed and virtual endpoints and servers. The Companys Threat Intelligence Cloud provides central intelligence capabilities, security for software as a service (SaaS) applications, and automated delivery of preventative measures against cyber-attacks. The Companys PAN-OS operating system contains App-ID, User-ID, site-to-site virtual private network (VPN), remote access secure sockets layer (SSL) VPN, and Quality-of-Service (QoS).