Press coverage about Palo Alto Networks (NYSE:PANW) has trended somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. 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 0.21 on Accern’s scale. Accern also assigned news coverage about the network technology company an impact score of 45.9342219189642 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
A number of brokerages recently weighed in on PANW. Zacks Investment Research raised shares of Palo Alto Networks from a “hold” rating to a “buy” rating and set a $169.00 price objective for the company in a research report on Tuesday, November 28th. Jefferies Group restated a “buy” rating and issued a $183.00 target price (up previously from $168.00) on shares of Palo Alto Networks in a research report on Tuesday, November 21st. Piper Jaffray Companies restated an “overweight” rating and issued a $173.00 target price (up previously from $155.00) on shares of Palo Alto Networks in a research report on Tuesday, November 21st. Royal Bank of Canada upped their target price on shares of Palo Alto Networks from $159.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 21st. Finally, Maxim Group restated a “buy” rating and issued a $195.00 target price (up previously from $168.00) on shares of Palo Alto Networks in a research report on Thursday, September 28th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty-two have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $164.89.
Palo Alto Networks (PANW) opened at $153.06 on Thursday. The firm has a market cap of $14,060.00, a P/E ratio of -62.22 and a beta of 0.99. Palo Alto Networks has a 12 month low of $107.31 and a 12 month high of $157.65.
Palo Alto Networks (NYSE:PANW) last announced its quarterly earnings results on Monday, November 20th. The network technology company reported $0.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.06. Palo Alto Networks had a negative net margin of 11.97% and a negative return on equity of 15.77%. The company had revenue of $505.50 million for the quarter, compared to analyst estimates of $489.36 million. During the same quarter in the prior year, the business posted $0.55 EPS. Palo Alto Networks’s quarterly revenue was up 27.0% on a year-over-year basis. equities research analysts expect that Palo Alto Networks will post -0.37 earnings per share for the current year.
In related news, CFO Kathleen Bonanno sold 2,831 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $150.68, for a total transaction of $426,575.08. Following the completion of the sale, the chief financial officer now directly owns 38,716 shares of the company’s stock, valued at approximately $5,833,726.88. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Nir Zuk sold 2,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $144.69, for a total transaction of $289,380.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 354,644 shares of company stock worth $52,415,318. 4.80% of the stock is currently owned by company insiders.
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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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