Palo Alto Networks (PANW) has risen sharply, recording gains of 2.84% in the past 4 weeks. However, the stock has corrected -3.49% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.79% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.31% and the 50-Day Moving Average is 0.83%. Palo Alto Networks (NYSE:PANW): stock turned positive on Friday. Though the stock opened at $125.46, the bulls momentum made the stock top out at $128.09 level for the day. The stock recorded a low of $125.09 and closed the trading day at $127.18, in the green by 1.36%. The total traded volume for the day was 1,064,831. The stock had closed at $125.47 in the previous days trading.
The company Insiders own 4.8% of Palo Alto Networks shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -1.81% . Institutional Investors own 84.47% of Palo Alto Networks shares. During last six month period, the net percent change held by insiders has seen a change of -7.59%. Also, In the latest statement by the brokerage house, Cleveland Research downgrades its outlook on Palo Alto Networks (NYSE:PANW). The current rating of the shares is Neutral, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on August 10, 2016.
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).