Palo Alto Networks (NYSE:PANW) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.33 by 26 Brokerage Firm. 20 Wall Street Firms have rated the stock as a strong buys. 3 stock experts have also suggested a buy rating. 3 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. In a research note released to the investors, JP Morgan maintains its rating on Palo Alto Networks (NYSE:PANW).The analysts at the brokerage house have a current rating of Overweight on the shares. In a recent information released to the investors, JP Morgan lowers the new price target from $216 per share to $196 per share. The rating by the firm was issued on May 27, 2016.
Palo Alto Networks (NYSE:PANW) shares are expected to touch $185.13 in the short term. This short term price target has been shared by 23 analysts. However, the standard deviation of short term price estimate has been valued at 16.68. The target price could hit $215 on the higher end and $140 on the lower end.
Palo Alto Networks (NYSE:PANW) witnessed a decline in the market cap on Tuesday as its shares dropped 1.01% or 1.29 points. After the session commenced at $127.57, the stock reached the higher end at $128.46 while it hit a low of $125.935. With the volume soaring to 1,736,378 shares, the last trade was called at $126.87. The company has a 52-week high of $200.55. The company has a market cap of $11,368 million and there are 89,602,652 shares in outstanding. The 52-week low of the share price is $111.0901.
Palo Alto Networks, Inc. has lost 2.59% in the last five trading days and dropped 10.5% in the last 4 weeks. Palo Alto Networks, Inc. has dropped 19.92% during the last 3-month period . Year-to-Date the stock performance stands at -27.97%.
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).