Media coverage about Palo Alto Networks (NYSE:PANW) has been trending somewhat positive on Thursday, Accern reports. Accern rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Palo Alto Networks earned a news impact score of 0.11 on Accern’s scale. Accern also assigned news stories about the network technology company an impact score of 45.5415285441629 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern’s rankings:
- PANW March 2nd Options Begin Trading (nasdaq.com)
- The Best Cybersecurity Stock to Buy in 2018 (moneymorning.com)
- Barclays Goes Neutral On Fortinet In ‘Tougher’ Firewall Market (finance.yahoo.com)
- Why Palo Alto Networks, Inc. Could Be a Gold Mine for Growth Investors (finance.yahoo.com)
- Cambridge Trust Company Upped Palo Alto Networks (PANW) Stake by $6.45 Million; Caymus Capital Partners LP Cut … – Hill Country Times (hillcountrytimes.com)
Palo Alto Networks (PANW) traded up $1.03 on Thursday, reaching $154.16. 862,765 shares of the company’s stock traded hands, compared to its average volume of 1,050,000. The stock has a market capitalization of $14,170.00, a P/E ratio of -62.67 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.
A number of equities research analysts have issued reports on PANW shares. BidaskClub lowered shares of Palo Alto Networks from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Oppenheimer restated a “buy” rating and issued a $173.00 price objective on shares of Palo Alto Networks in a report on Tuesday, November 14th. Maxim Group restated a “buy” rating and issued a $195.00 price objective (up from $168.00) on shares of Palo Alto Networks in a report on Thursday, September 28th. Evercore ISI set a $145.00 price objective on shares of Palo Alto Networks and gave the company a “hold” rating in a report on Thursday, November 16th. Finally, Zacks Investment Research lowered shares of Palo Alto Networks from a “hold” rating to a “sell” rating in a research note on Monday, November 13th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty-two have issued a buy rating to the company’s stock. Palo Alto Networks presently has a consensus rating of “Buy” and an average target price of $164.89.
In other Palo Alto Networks news, insider Nir Zuk sold 2,000 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $144.69, for a total transaction of $289,380.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President Mark Anderson sold 15,614 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $144.16, for a total transaction of $2,250,914.24. Following the sale, the president now directly owns 186,413 shares in the company, valued at $26,873,298.08. The disclosure for this sale can be found here. Insiders sold 354,644 shares of company stock valued at $52,415,318 over the last 90 days. Insiders own 4.80% of the company’s stock.
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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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