Palo Alto Networks Inc (PANW) reported quarterly earnings results on Thursday, May-26-2016. The company reported $0.42 EPS for the quarter. Analysts had a consensus estimate of $0.42. The company posted revenue of $345.80 million in the period, compared to analysts expectations of $339.86 million. The company’s revenue was up 47.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.
Many Wall Street Analysts have commented on Palo Alto Networks Inc. Shares were Reiterated by Piper Jaffray on May 12, 2016 to “Overweight” and Lowered the Price Target to $ 180 from a previous price target of $208 .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 .
Palo Alto Networks Inc closed down -0.42 points or -0.29% at $145.69 with 15,29,291 shares getting traded on Wednesday. Post opening the session at $146.37, the shares hit an intraday low of $143.39 and an intraday high of $147.42 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on May 24, 2016, Nir Zuk (CTO) sold 3,343 shares at $143.99 per share price. According to the SEC, on May 24, 2016, Steffan Tomlinson (Chief Financial Officer) sold 2,655 shares at $143.99 per share price. On May 24, 2016, Rene Bonvanie (Chief Marketing Officer) sold 2,507 shares at $143.99 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).