News articles about Palo Alto Networks (NYSE:PANW) have trended positive recently, according to Accern. Accern scores 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 negative one to one, with scores nearest to one being the most favorable. Palo Alto Networks earned a coverage optimism score of 0.29 on Accern’s scale. Accern also assigned media coverage about the network technology company an impact score of 46.7015923125556 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- Palo Alto Networks, Inc. (PANW) Receives Hold Rating from Robert W. Baird (americanbankingnews.com)
- Oppenheimer Holdings, Inc. Reaffirms Buy Rating for Palo Alto Networks, Inc. (PANW) (americanbankingnews.com)
- Palo Alto Networks, Inc. (PANW) Upgraded at FBN Securities (americanbankingnews.com)
- Palo Alto Networks, Inc. (PANW) Q1 2018 Earnings Conference Call Transcript (fool.com)
- Palo Alto Networks, Inc. Reports a Strong Quarter, Raises Guidance (fool.com)
Several equities analysts recently issued reports on the company. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $173.00 price objective (up from $155.00) on shares of Palo Alto Networks in a report on Tuesday. Jefferies Group LLC reaffirmed a “buy” rating and set a $183.00 price objective (up from $168.00) on shares of Palo Alto Networks in a report on Tuesday. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $180.00 price objective on shares of Palo Alto Networks in a report on Tuesday. Robert W. Baird reaffirmed a “hold” rating on shares of Palo Alto Networks in a report on Tuesday. Finally, Dougherty & Co reaffirmed a “buy” rating and set a $180.00 price objective (up from $170.00) on shares of Palo Alto Networks in a report on Tuesday. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirty-one have issued a buy rating to the company’s stock. Palo Alto Networks currently has a consensus rating of “Buy” and a consensus price target of $162.18.
Shares of Palo Alto Networks (NYSE PANW) traded up $9.31 during midday trading on Tuesday, reaching $151.84. The company’s stock had a trading volume of 7,083,786 shares, compared to its average volume of 1,748,208. 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 has a 52-week low of $107.31 and a 52-week high of $162.64.
Palo Alto Networks (NYSE:PANW) last issued its quarterly earnings results on Monday, November 20th. The network technology company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.06. The firm had revenue of $505.50 million during the quarter, compared to analyst estimates of $489.36 million. Palo Alto Networks had a negative return on equity of 19.72% and a negative net margin of 12.57%. The firm’s quarterly revenue was up 27.0% on a year-over-year basis. During the same period last year, the company posted $0.55 EPS. equities research analysts forecast that Palo Alto Networks will post -0.5 earnings per share for the current year.
In other Palo Alto Networks news, Director Carl M. Eschenbach sold 1,572 shares of the stock in a transaction on Friday, September 8th. The stock was sold at an average price of $144.99, for a total transaction of $227,924.28. Following the completion of the transaction, the director now directly owns 3,619 shares of the company’s stock, valued at approximately $524,718.81. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Nir Zuk sold 28,000 shares of the stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $148.05, for a total value of $4,145,400.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 284,744 shares of company stock valued at $42,239,296. 4.80% of the stock is currently owned by corporate 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.
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