Palo Alto Networks (PANW) Getting Positive Press Coverage, Report Finds
News articles about Palo Alto Networks (NYSE:PANW) have been trending positive recently, according to Accern. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Palo Alto Networks earned a media sentiment score of 0.26 on Accern’s scale. Accern also assigned media headlines about the network technology company an impact score of 46.6287607310341 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- 2 Horrible Stocks for Retirees (finance.yahoo.com)
- Palo Alto Networks, Inc. (PANW) President Sells $2,250,914.24 in Stock (americanbankingnews.com)
- Forget FireEye, Palo Alto Networks Is a Better Cybersecurity Stock – Motley Fool (fool.com)
- Palo Alto Networks, Inc. (PANW) EVP Nir Zuk Sells 2,000 Shares (americanbankingnews.com)
- 7 Key Technical Levels To Watch On Monday (finance.yahoo.com)
Palo Alto Networks (NYSE PANW) traded up $1.46 during midday trading on Thursday, reaching $142.83. The company had a trading volume of 1,508,816 shares, compared to its average volume of 1,770,410. Palo Alto Networks has a 1-year low of $107.31 and a 1-year high of $157.65.
Palo Alto Networks (NYSE:PANW) last released its quarterly 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 for the quarter, compared to analyst estimates of $489.36 million. Palo Alto Networks had a negative return on equity of 15.77% and a negative net margin of 11.97%. Palo Alto Networks’s revenue for the quarter was up 27.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.55 EPS. analysts anticipate that Palo Alto Networks will post -0.37 earnings per share for the current year.
Several research firms have commented on PANW. Dougherty & Co upped their price target on Palo Alto Networks from $165.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, September 28th. Zacks Investment Research cut Palo Alto Networks from a “buy” rating to a “hold” rating in a report on Wednesday, November 29th. Robert W. Baird reaffirmed a “hold” rating and issued a $149.00 price target on shares of Palo Alto Networks in a report on Thursday, September 28th. Oppenheimer reaffirmed a “buy” rating and issued a $173.00 price target on shares of Palo Alto Networks in a report on Thursday, September 28th. Finally, ValuEngine raised Palo Alto Networks from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty-three have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $162.84.
In other Palo Alto Networks news, CMO Rene Bonvanie sold 16,596 shares of the stock in a transaction on Monday, November 27th. The stock was sold at an average price of $151.83, for a total value of $2,519,770.68. Following the transaction, the chief marketing officer now directly owns 95,584 shares in the company, valued at approximately $14,512,518.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stanley J. Meresman sold 2,000 shares of the stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $151.01, for a total value of $302,020.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 346,785 shares of company stock worth $51,471,366. 4.80% of the stock is owned by corporate insiders.
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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