Palo Alto Networks Inc (PANW) is Upgraded by Wunderlich to Buy, Price Target at $190

Palo Alto Networks Inc (PANW) was Upgraded by Wunderlich to ” Buy” and the brokerage firm has set the Price Target at $190. Earlier the firm had a rating of “Hold ” on the company shares. Wunderlich advised their investors in a research report released on Apr 26, 2016.

Many Wall Street Analysts have commented on Palo Alto Networks Inc. Company shares were Reiterated by Maxim Group on Apr 11, 2016 to “Buy”, Firm has raised the Price Target to $ 215 from a previous price target of $214 .Shares were Reiterated by UBS on Apr 11, 2016 to “Buy” and Lowered the Price Target to $ 180 from a previous price target of $186 .Company shares were Reiterated by Needham on Apr 5, 2016 to “Buy”, Firm has raised the Price Target to $ 187 from a previous price target of $171 .

On the company’s financial health, Palo Alto Networks Inc reported $0.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 25, 2016. Analyst had a consensus of $0.39. The company had revenue of $334.70 million for the quarter, compared to analysts expectations of $318.45 million. The company’s revenue was up 53.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.

Palo Alto Networks Inc opened for trading at $145.59 and hit $149.83 on the upside on Friday, eventually ending the session at $148.52, with a gain of 1.41% or 2.07 points. The heightened volatility saw the trading volume jump to 17,54,750 shares. Company has a market cap of $13,125 M.

In a different news, on Apr 13, 2016, Asheem Chandna (director) sold 15,000 shares at $141.75 per share price. According to the SEC, on Apr 11, 2016, Nir Zuk (CTO) sold 30,000 shares at $151.89 per share price. On Apr 8, 2016, James J Goetz (director) sold 23,643 shares at $157.43 per share price, according to the Form-4 filing with the securities and exchange commission.

Palo Alto Networks Inc. is a security company. The Company’s security platform consists of three elements: its Next-Generation Firewall its Advanced Endpoint Protection and its Threat Intelligence Cloud. The Company’s 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 Company’s 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 Company’s 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).

Palo Alto Networks Inc

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