Palo Alto Networks Inc (PANW) is Reiterated by RBC Capital Mkts to Outperform, Lowers Price Target to $ 170

Palo Alto Networks Inc (PANW) was Reiterated by RBC Capital Mkts to “Outperform” while Lowering the Price Target of the company shares to $ 170 from a previous price target of $175 . RBC Capital Mkts advised their investors in a research report released on Nov 22, 2016.

Many Wall Street Analysts have commented on Palo Alto Networks Inc. 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. 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 .

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 closed down -2.8 points or -1.71% at $161.35 with 16,15,921 shares getting traded on Monday. Post opening the session at $164.57, the shares hit an intraday low of $160.3001 and an intraday high of $164.57 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Nov 17, 2016, Daniel J Warmenhoven (director) sold 1,950 shares at $157.64 per share price. According to the SEC, on Nov 9, 2016, Nir Zuk (CTO) sold 30,000 shares at $152.20 per share price. On Oct 6, 2016, Carl M. Eschenbach (director) sold 894 shares at $159.08 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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