Palo Alto Networks Receives New Coverage from Analysts at Imperial Capital (PANW)

Share on StockTwits

Imperial Capital started coverage on shares of Palo Alto Networks (NASDAQ:PANW) in a research note released on Thursday morning, TheFlyOnTheWall.com reports. The firm issued an outperform rating and a $95.00 target price on the stock.

In other Palo Alto Networks news, Insider Nir Zuk sold 30,000 shares of Palo Alto Networks stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $80.35, for a total transaction of $2,410,500.00. The sale was disclosed in a document filed with the SEC, which is available at this link.

Palo Alto Networks (NASDAQ:PANW) traded down 0.35% during mid-day trading on Thursday, hitting $85.1899. 641,062 shares of the company’s stock traded hands. Palo Alto Networks has a 52 week low of $40.36 and a 52 week high of $87.79. The stock has a 50-day moving average of $80.41 and a 200-day moving average of $72.61. The company’s market cap is $6.566 billion.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings results on Wednesday, May 28th. The company reported $0.11 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.10 by $0.01. The company had revenue of $150.70 million for the quarter, compared to the consensus estimate of $146.13 million. During the same quarter last year, the company posted $0.06 earnings per share. Palo Alto Networks’s revenue was up 48.8% compared to the same quarter last year. Analysts expect that Palo Alto Networks will post $0.40 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Piper Jaffray initiated coverage on shares of Palo Alto Networks in a research note on Tuesday. They set an overweight rating and a $100.00 price target on the stock. Separately, analysts at Zacks upgraded shares of Palo Alto Networks from an underperform rating to a neutral rating in a research note on Tuesday, July 29th. They now have a $83.10 price target on the stock. Finally, analysts at Pacific Crest reiterated an outperform rating on shares of Palo Alto Networks in a research note on Thursday, July 17th. They now have a $105.00 price target on the stock, up previously from $90.00. Six analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $86.21.

Palo Alto Networks, Inc offers a network security platform that allows enterprises, service providers, and government entities to secure their networks.

The Fly On The Wall

Receive News & Ratings for Palo Alto Networks Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palo Alto Networks Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.

Latest News

Michigan Pondering Ban on Tesla
Michigan Pondering Ban on Tesla
Train Drivers in Germany Call Two-Day Strike
Train Drivers in Germany Call Two-Day Strike
Deadline Passes, No Word on Hostages Held in Philippines
Deadline Passes, No Word on Hostages Held in Philippines
Netflix Monthly Price Hike Weighs Down Growth
Netflix Monthly Price Hike Weighs Down Growth
Qualcomm Acquiring Chipmaker in the UK
Qualcomm Acquiring Chipmaker in the UK
Burberry Sales Up in First Half, but Market is Much Tougher
Burberry Sales Up in First Half, but Market is Much Tougher


Leave a Reply

 
Advertisement
Advertisement
© 2006-2014 WKRB News.