News coverage about Palo Alto Networks (NYSE:PANW) has trended somewhat positive recently, according to Accern. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Palo Alto Networks earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned news stories about the network technology company an impact score of 45.4074858753425 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Notable Friday Option Activity: HD, GDEN, PANW (nasdaq.com)
- Palo Alto Networks Has ‘Compelling’ Risk-Reward, Says Evercore ISI (finance.yahoo.com)
- Why Palo Alto Networks, Inc. Stock Climbed 15.9% in 2017 (fool.com)
- Zacks: Analysts Anticipate Palo Alto Networks Inc (PANW) Will Post Earnings of $0.79 Per Share (americanbankingnews.com)
- $525.37 Million in Sales Expected for Palo Alto Networks Inc (PANW) This Quarter (americanbankingnews.com)
Several equities research analysts recently commented on the company. Evercore ISI raised Palo Alto Networks from an “in-line” rating to an “outperform” rating and set a $180.00 price target for the company in a report on Thursday. Sanford C. Bernstein raised their target price on Palo Alto Networks from $180.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 21st. Robert W. Baird reissued a “hold” rating and set a $149.00 target price on shares of Palo Alto Networks in a research note on Thursday, September 28th. Zacks Investment Research raised Palo Alto Networks from a “hold” rating to a “buy” rating and set a $164.00 target price for the company in a research note on Tuesday, October 10th. Finally, Northland Securities set a $175.00 target price on Palo Alto Networks and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and thirty-three have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $165.74.
Palo Alto Networks (NYSE:PANW) last released its earnings results on Monday, November 20th. The network technology company reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.06. The company had revenue of $505.50 million for the quarter, compared to analysts’ expectations of $489.36 million. Palo Alto Networks had a negative return on equity of 15.77% and a negative net margin of 11.97%. The firm’s quarterly revenue was up 27.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 EPS. equities research analysts forecast that Palo Alto Networks will post -0.37 EPS for the current year.
In other news, Director James J. Goetz sold 78,000 shares of the business’s stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $146.78, for a total transaction of $11,448,840.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Nir Zuk sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $144.69, for a total value of $289,380.00. The disclosure for this sale can be found here. Insiders have sold a total of 354,644 shares of company stock worth $52,415,318 in the last three months. Corporate insiders own 4.80% of the company’s stock.
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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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