Media coverage about Palo Alto Networks (NYSE:PANW) has trended somewhat positive this week, Accern Sentiment reports. The research firm scores the sentiment of news coverage by monitoring 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 media sentiment score of 0.04 on Accern’s scale. Accern also assigned media stories about the network technology company an impact score of 46.1551100373115 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
- Palo Alto Networks, Inc. (PANW) Scheduled to Post Earnings on Monday (americanbankingnews.com)
- 2 Wildly Overvalued Tech Stocks (finance.yahoo.com)
- Palo Alto Networks, Inc. (PANW) Insider Sells $4,145,400.00 in Stock (americanbankingnews.com)
- Frontline Companies in the $6 Trillion Cyber War (tmcnet.com)
- Palo Alto Networks, Inc. – Value Analysis (NYSE:PANW) : November 6, 2017 (finance.yahoo.com)
A number of research analysts recently issued reports on PANW shares. Jefferies Group LLC boosted their target price on shares of Palo Alto Networks from $155.00 to $168.00 and gave the company a “buy” rating in a research report on Friday, September 1st. Piper Jaffray Companies set a $146.00 price target on shares of Palo Alto Networks and gave the company a “buy” rating in a report on Friday, August 25th. BTIG Research reaffirmed a “buy” rating and set a $175.00 price target on shares of Palo Alto Networks in a report on Thursday, August 31st. 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. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $168.00 price target (up previously from $160.00) on shares of Palo Alto Networks in a research note on Friday, September 1st. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirty have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $160.33.
Shares of Palo Alto Networks (NYSE PANW) opened at $140.35 on Monday. Palo Alto Networks has a 52 week low of $107.31 and a 52 week high of $165.69. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.65 and a quick ratio of 1.65.
Palo Alto Networks (NYSE:PANW) last posted its earnings results on Thursday, August 31st. The network technology company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.92). Palo Alto Networks had a negative return on equity of 19.72% and a negative net margin of 12.57%. The business had revenue of $509.00 million for the quarter, compared to analysts’ expectations of $487.53 million. During the same quarter in the previous year, the firm earned $0.50 EPS. Palo Alto Networks’s revenue for the quarter was up 27.0% compared to the same quarter last year. analysts anticipate that Palo Alto Networks will post -0.5 earnings per share for the current fiscal year.
In other Palo Alto Networks news, Director Carl M. Eschenbach sold 1,572 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $144.99, for a total value of $227,924.28. Following the completion of the sale, the director now owns 3,619 shares in the company, valued at $524,718.81. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, President Mark Anderson sold 44,429 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $143.10, for a total value of $6,357,789.90. Following the sale, the president now owns 176,290 shares of the company’s stock, valued at approximately $25,227,099. The disclosure for this sale can be found here. In the last quarter, insiders sold 284,744 shares of company stock valued at $42,239,296. 4.80% of the stock is 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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