Headlines about Palo Alto Networks (NYSE:PANW) have been trending positive on Sunday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Palo Alto Networks earned a daily sentiment score of 0.28 on Accern’s scale. Accern also gave media stories about the network technology company an impact score of 45.8941018909181 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media stories that may have impacted Accern’s analysis:
- Palo Alto Networks Inc (PANW) Given Average Recommendation of “Buy” by Analysts (americanbankingnews.com)
- Palo Alto Networks, Inc. (PANW) In Active Momentum Stock along Profitability Facts – Investing News Update (investingbizz.com)
- Time to Sell Maxed-Out Palo Alto Networks Inc Stock – Investorplace.com (investorplace.com)
- Zscaler Doubles in IPO: Nice Day for Tech Vet Chaudhry (finance.yahoo.com)
- M&A daily wrap: IOP, Huntsman, Tritium Partners, Walker & Dunlop, Wind Point – Mergers & Acquisitions (themiddlemarket.com)
Several brokerages recently commented on PANW. Zacks Investment Research raised Palo Alto Networks from a “hold” rating to a “buy” rating and set a $169.00 target price for the company in a research report on Tuesday, November 28th. Deutsche Bank raised their target price on Palo Alto Networks from $180.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Jefferies Group reaffirmed a “buy” rating and issued a $183.00 target price (up from $168.00) on shares of Palo Alto Networks in a research report on Tuesday, November 21st. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $173.00 target price (up from $155.00) on shares of Palo Alto Networks in a research report on Tuesday, November 21st. Finally, Royal Bank of Canada raised their target price on Palo Alto Networks from $159.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 21st. Three analysts have rated the stock with a sell rating, five have issued a hold rating and thirty-eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $181.38.
Palo Alto Networks (NYSE:PANW) last announced its quarterly earnings data on Monday, February 26th. The network technology company reported ($0.40) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.21) by ($0.19). The firm had revenue of $542.40 million during the quarter, compared to analyst estimates of $525.37 million. Palo Alto Networks had a negative return on equity of 14.74% and a negative net margin of 9.96%. sell-side analysts anticipate that Palo Alto Networks will post -0.37 earnings per share for the current fiscal year.
In related news, EVP Nir Zuk sold 30,000 shares of Palo Alto Networks stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $181.65, for a total value of $5,449,500.00. Following the completion of the sale, the executive vice president now directly owns 1,384,919 shares in the company, valued at $251,570,536.35. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Stanley J. Meresman sold 1,980 shares of Palo Alto Networks stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $188.74, for a total value of $373,705.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 397,980 shares of company stock valued at $62,407,135. Corporate 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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