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

Palo Alto Networks Inc (PANW) was Resumed by Wunderlich to “Buy” and the brokerage firm has set the Price Target at $190. Wunderlich advised their investors in a research report released on Sep 13, 2016.

Many Wall Street Analysts have commented on Palo Alto Networks Inc. Palo Alto Networks Inc was Initiated by Rosenblatt to “Buy” on Sep 12, 2016. Shares were Downgraded by Raymond James on Aug 31, 2016 to ” Outperform” and Lowered the Price Target to $ 165 from a previous price target of $180 .Shares were Reiterated by Maxim Group on Aug 31, 2016 to “Buy” and Lowered the Price Target to $ 185 from a previous price target of $215 .

On the company’s financial health, Palo Alto Networks Inc reported $0.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 30, 2016. Analyst had a consensus of $0.49. The company had revenue of $400.80 million for the quarter, compared to analysts expectations of $389.90 million. The company’s revenue was up 41.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.

Palo Alto Networks Inc opened for trading at $143.89 and hit $147.49 on the upside on Monday, eventually ending the session at $147.15, with a gain of 1.90% or 2.74 points. The heightened volatility saw the trading volume jump to 1,585,683 shares. Company has a market cap of $13,369 M.

In a different news, on Sep 7, 2016, Mark D Mclaughlin (Chief Executive Officer) sold 26,423 shares at $144.29 per share price. According to the SEC, on Aug 24, 2016, Rene Bonvanie (Chief Marketing Officer) sold 2,507 shares at $136.91 per share price. On Aug 24, 2016, Steffan Tomlinson (Chief Financial Officer) sold 2,655 shares at $136.91 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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