Palo Alto Networks (PANW) Earning Somewhat Positive Press Coverage, Report Shows

News stories about Palo Alto Networks (NYSE:PANW) have been trending somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Palo Alto Networks earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned media stories about the network technology company an impact score of 45.3114747065253 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:

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NYSE PANW traded down $0.45 during trading on Thursday, hitting $192.02. The stock had a trading volume of 878,080 shares, compared to its average volume of 1,523,944. The stock has a market capitalization of $17,625.69, a price-to-earnings ratio of -112.29 and a beta of 0.93. Palo Alto Networks has a 12 month low of $107.37 and a 12 month high of $197.20.

Palo Alto Networks (NYSE:PANW) last released its earnings results on Monday, February 26th. The network technology company reported ($0.40) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by ($0.19). The firm had revenue of $542.40 million during the quarter, compared to the consensus estimate of $525.37 million. Palo Alto Networks had a negative net margin of 9.96% and a negative return on equity of 14.74%. sell-side analysts forecast that Palo Alto Networks will post -0.37 earnings per share for the current fiscal year.

Several equities analysts have recently issued reports on PANW shares. Monness Crespi & Hardt boosted their target price on Palo Alto Networks from $190.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, March 22nd. BTIG Research boosted their target price on Palo Alto Networks from $175.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Cleveland Research upgraded Palo Alto Networks from a “neutral” rating to a “buy” rating in a research report on Thursday, February 22nd. ValuEngine upgraded Palo Alto Networks from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, Deutsche Bank upgraded Palo Alto Networks from a “hold” rating to a “buy” rating and set a $180.00 target price for the company in a research report on Tuesday, January 23rd. Two analysts have rated the stock with a sell rating, five have given a hold rating and thirty-nine have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $181.86.

In other news, CEO Mark D. Mclaughlin sold 35,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $157.67, for a total transaction of $5,518,450.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Nir Zuk sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $179.57, for a total value of $5,387,100.00. Following the sale, the executive vice president now owns 1,357,655 shares in the company, valued at approximately $243,794,108.35. The disclosure for this sale can be found here. Insiders sold a total of 230,960 shares of company stock worth $40,083,399 in the last 90 days. Company insiders own 4.80% of the company’s stock.

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Palo Alto Networks Company Profile

Palo Alto Networks, Inc provides security platform solutions worldwide. Its platform includes Next-Generation Firewall that delivers application, user, and content visibility and control, as well as protection against network-based cyber threats; Advanced Endpoint Protection, which prevents cyber-attacks that exploit software vulnerabilities on various fixed, mobile, and virtual endpoints and servers; and Threat Intelligence Cloud, which offers central intelligence capabilities, security for software as a service applications, and automated delivery of preventative measures against cyber-attacks.

Insider Buying and Selling by Quarter for Palo Alto Networks (NYSE:PANW)

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