Media coverage about Palo Alto Networks (NYSE:PANW) has trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Palo Alto Networks earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave news headlines about the network technology company an impact score of 45.4020676228203 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the headlines that may have effected Accern’s scoring:
- Why Palo Alto Networks, Inc. Could Be a Gold Mine for Growth Investors (finance.yahoo.com)
- Cambridge Trust Company Upped Palo Alto Networks (PANW) Stake by $6.45 Million; Caymus Capital Partners LP Cut … – Hill Country Times (hillcountrytimes.com)
- Insider Selling: Palo Alto Networks Inc (PANW) CEO Sells 35,000 Shares of Stock (americanbankingnews.com)
- Insider Selling: Palo Alto Networks Inc (PANW) EVP Sells 30,000 Shares of Stock (americanbankingnews.com)
- Palo Alto Networks Sees Relative Strength Rating Climb To 73 (finance.yahoo.com)
A number of analysts have recently issued reports on the stock. Dougherty & Co reissued a “buy” rating and set a $180.00 target price (up from $170.00) on shares of Palo Alto Networks in a research note on Tuesday, November 21st. FBN Securities raised shares of Palo Alto Networks from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, November 21st. Zacks Investment Research raised shares of Palo Alto Networks from a “hold” rating to a “buy” rating and set a $169.00 target price for the company in a research note on Tuesday, November 28th. BidaskClub raised shares of Palo Alto Networks from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Finally, Oppenheimer reaffirmed a “buy” rating and issued a $180.00 price objective (up from $173.00) on shares of Palo Alto Networks in a research note on Tuesday, November 21st. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty-two have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $164.89.
Shares of Palo Alto Networks (PANW) traded up $0.68 during trading on Monday, reaching $153.65. 1,150,000 shares of the company’s stock were exchanged, compared to its average volume of 1,110,000. The company has a market capitalization of $14,120.00, a P/E ratio of -62.46 and a beta of 0.99. Palo Alto Networks has a fifty-two week low of $107.31 and a fifty-two week high of $157.65.
Palo Alto Networks (NYSE:PANW) last announced its earnings results on Monday, November 20th. The network technology company reported $0.74 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.06. The business had revenue of $505.50 million during the quarter, compared to the consensus estimate of $489.36 million. Palo Alto Networks had a negative net margin of 11.97% and a negative return on equity of 15.77%. The firm’s revenue was up 27.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.55 earnings per share. sell-side analysts forecast that Palo Alto Networks will post -0.37 EPS for the current fiscal year.
In other news, Director James J. Goetz sold 78,000 shares of the company’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $146.78, for a total transaction of $11,448,840.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Mark Anderson sold 15,614 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $144.16, for a total transaction of $2,250,914.24. Following the transaction, the president now owns 186,413 shares in the company, valued at approximately $26,873,298.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 537,644 shares of company stock worth $79,836,398. Corporate insiders own 4.80% of the company’s stock.
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Palo Alto Networks Company Profile
Palo Alto Networks, Inc offers a next-generation security platform. The Company’s security platform consists of three elements: Next-Generation Firewall, Advanced Endpoint Protection and Threat Intelligence Cloud. Its 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.
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