Palo Alto Networks (PANW) : 20 brokerage houses believe that Palo Alto Networks (PANW) is a Strong Buy at current levels. 3 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Palo Alto Networks (PANW). Zacks Investment Research suggests a Strong Sell with a rank of 5.The median of all the 26 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.33.
Palo Alto Networks (PANW) : Average target price received by Palo Alto Networks (PANW) is $184.78 with an expected standard deviation of $16.7. The most aggressive target on the stock is $215, whereas the most downbeat target is $140. 23 financial analysts are currently covering the stock.
For the current week, the company shares have a recommendation consensus of Buy. Palo Alto Networks (NYSE:PANW): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $125.48 and $125.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $126.57. The buying momentum continued till the end and the stock did not give up its gains. It closed at $125.47, notching a gain of 0.32% for the day. The total traded volume was 953,351 . The stock had closed at $125.07 on the previous day.
In a related news, Anderson Mark, officer (EVP of WW Field Ops) of Palo Alto Networks Inc, unloaded 2,203 shares at an average price of $127.1 on June 21, 2016. The total amount of the transaction was worth $280,001, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Palo Alto Networks, Inc. is a security company. The Companys security platform consists of three elements: its Next-Generation Firewall, its Advanced Endpoint Protection, and its Threat Intelligence Cloud. The Companys 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. Its Advanced Endpoint Protection prevents cyber-attacks that aim to exploit software vulnerabilities on a range of fixed and virtual endpoints and servers. The Companys Threat Intelligence Cloud provides central intelligence capabilities, security for software as a service (SaaS) applications, and automated delivery of preventative measures against cyber-attacks. The Companys PAN-OS operating system contains App-ID, User-ID, site-to-site virtual private network (VPN), remote access secure sockets layer (SSL) VPN, and Quality-of-Service (QoS).