Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Palo Alto Networks (PANW) Stock Price

News headlines about Palo Alto Networks (NYSE:PANW) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Palo Alto Networks earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave press coverage about the network technology company an impact score of 45.9024232274981 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the news stories that may have impacted Accern’s analysis:

• Piper Jaffray Companies Analysts Give Palo Alto Networks, Inc. (PANW) a $146.00 Price Target (americanbankingnews.com)
• Palo Alto Networks Inc (NYSE:PANW) Sentiment Report (famososartistas.com)
• Palo Alto Networks Inc (PANW) Stock Will Make a Big Earnings Move (investorplace.com)
• Placing the Bulls-Eye Focus on The JM Smucker Company (NYSE:SJM) and Palo Alto Networks, Inc. (NYSE:PANW) – FLBC News (flbcnews.com)
• What’s Behind Palo Alto Networks Inc (PANW)’s Movement – Wall Street Review (thewallstreetreview.com)

Palo Alto Networks (PANW) traded down 2.36% during midday trading on Friday, hitting $128.63. 1,647,751 shares of the company traded hands. The stock has a 50 day moving average of $134.20 and a 200 day moving average of $127.24. The stock’s market cap is $11.81 billion. Palo Alto Networks has a 12-month low of $107.31 and a 12-month high of $165.69.

Palo Alto Networks (NYSE:PANW) last posted its earnings results on Wednesday, May 31st. The network technology company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.06. Palo Alto Networks had a negative return on equity of 23.77% and a negative net margin of 14.38%. The firm had revenue of $431.80 million during the quarter, compared to analysts’ expectations of $412.11 million. During the same period in the previous year, the firm earned $0.42 earnings per share. The company’s revenue was up 24.9% on a year-over-year basis. Equities research analysts predict that Palo Alto Networks will post $2.59 EPS for the current fiscal year.

Several brokerages recently weighed in on PANW. Piper Jaffray Companies set a $146.00 target price on shares of Palo Alto Networks and gave the company a “buy” rating in a report on Friday. Imperial Capital reaffirmed an “outperform” rating and issued a $137.00 target price on shares of Palo Alto Networks in a report on Friday, August 18th. BidaskClub raised shares of Palo Alto Networks from a “strong sell” rating to a “sell” rating in a report on Thursday, August 17th. ValuEngine raised shares of Palo Alto Networks from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Finally, Vetr raised shares of Palo Alto Networks from a “hold” rating to a “buy” rating and set a $138.40 target price on the stock in a report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and twenty-eight have given a buy rating to the stock. Palo Alto Networks currently has an average rating of “Buy” and an average price target of $150.70.

In other Palo Alto Networks news, Director James J. Goetz sold 30,000 shares of the business’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $137.97, for a total value of $4,139,100.00. Following the completion of the transaction, the director now directly owns 271,645 shares of the company’s stock, valued at $37,478,860.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.80% of the stock is currently owned by insiders.

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.