Palo Alto Networks Inc (PANW) was Reiterated by Imperial Capital to “Outperform” while Lowering the Price Target of the company shares to $ 180 from a previous price target of $190 . Imperial Capital advised their investors in a research report released on Nov 29, 2016.
Many Wall Street Analysts have commented on Palo Alto Networks Inc. Shares were Reiterated by RBC Capital Mkts on Nov 22, 2016 to “Outperform” and Lowered the Price Target to $ 170 from a previous price target of $175 .Wunderlich Resumed Palo Alto Networks Inc on Sep 13, 2016 to “Buy”, Price Target of the shares are set at $190.Palo Alto Networks Inc was Initiated by Rosenblatt to “Buy” on Sep 12, 2016.
On the company’s financial health, Palo Alto Networks Inc reported $0.55 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Nov 21, 2016. Analyst had a consensus of $0.52. The company had revenue of $398.10 million for the quarter, compared to analysts expectations of $400.38 million. The company’s revenue was up 34.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS.
Palo Alto Networks Inc opened for trading at $140 and hit $141.53 on the upside on Friday, eventually ending the session at $141.51, with a gain of 1.30% or 1.82 points. The heightened volatility saw the trading volume jump to 10,27,239 shares. Company has a market cap of $12,975 M.
In a different news, on Nov 28, 2016, Mark Anderson (President) sold 17,945 shares at $139.90 per share price. According to the SEC, on Nov 23, 2016, Rene Bonvanie (Chief Marketing Officer) sold 12,319 shares at $159.87 per share price. On Nov 23, 2016, Steffan Tomlinson (Chief Financial Officer) sold 19,968 shares at $159.87 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).