News coverage about Palo Alto Networks (NYSE:PANW) has been trending somewhat positive recently, according to Accern. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Palo Alto Networks earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned press coverage about the network technology company an impact score of 45.4087664638719 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
Shares of Palo Alto Networks (PANW) traded up $0.27 during trading hours on Monday, hitting $144.16. 884,912 shares of the company were exchanged, compared to its average volume of 1,763,955. 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 issued its quarterly earnings results on Monday, November 20th. The network technology company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.06. The business had revenue of $505.50 million during the quarter, compared to analyst estimates 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 business’s revenue was up 27.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 earnings per share. analysts expect that Palo Alto Networks will post -0.37 EPS for the current year.
Several research analysts recently commented on the stock. Dougherty & Co raised their price target on shares of Palo Alto Networks from $165.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, September 28th. Robert W. Baird restated a “hold” rating and issued a $149.00 price target on shares of Palo Alto Networks in a report on Thursday, September 28th. Oppenheimer restated a “buy” rating and issued a $173.00 price target on shares of Palo Alto Networks in a report on Thursday, September 28th. Maxim Group restated a “buy” rating and issued a $195.00 price target (up previously from $168.00) on shares of Palo Alto Networks in a report on Thursday, September 28th. Finally, Zacks Investment Research upgraded shares of Palo Alto Networks from a “hold” rating to a “buy” rating and set a $169.00 price target on the stock in a report on Tuesday, November 28th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and thirty-three have given a buy rating to the stock. Palo Alto Networks presently has a consensus rating of “Buy” and a consensus target price of $162.84.
In other Palo Alto Networks news, CFO Kathleen Bonanno sold 2,831 shares of Palo Alto Networks stock in a transaction on Monday, November 27th. The shares were sold at an average price of $150.68, for a total value of $426,575.08. Following the completion of the transaction, the chief financial officer now owns 38,716 shares of the company’s stock, valued at $5,833,726.88. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Stanley J. Meresman sold 2,000 shares of Palo Alto Networks stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $151.01, for a total transaction of $302,020.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 343,213 shares of company stock valued at $50,953,421. Insiders own 4.80% of the company’s stock.
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About Palo Alto Networks
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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