Palo Alto Networks Inc (PANW) is Reiterated by Piper Jaffray to Overweight, Lowers Price Target to $ 180

Palo Alto Networks Inc (PANW) was Reiterated by Piper Jaffray to “Overweight” while Lowering the Price Target of the company shares to $ 180 from a previous price target of $208 . Piper Jaffray advised their investors in a research report released on May 12, 2016.

Many Wall Street Analysts have commented on Palo Alto Networks Inc. Wunderlich Upgraded Palo Alto Networks Inc on Apr 26, 2016 to ” Buy”, Price Target of the shares are set at $190.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 .

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 $139.72 and hit $142 on the upside on Tuesday, eventually ending the session at $140.44, with a gain of 0.85% or 1.19 points. The heightened volatility saw the trading volume jump to 12,98,412 shares. Company has a market cap of $12,411 M.

In a different news, on May 4, 2016, Mark D Mclaughlin (President & CEO) sold 35,000 shares at $150.62 per share price. According to the SEC, on Apr 13, 2016, Asheem Chandna (director) sold 15,000 shares at $141.75 per share price. On Apr 11, 2016, Nir Zuk (CTO) sold 30,000 shares at $151.89 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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