Palo Alto Networks (PANW) Shares are Up 4.71%

Palo Alto Networks (PANW) has been under a strong bear grip, hence the stock is down -0.4% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 4.07% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.71% in the last 1 week, and is up 6.33% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Palo Alto Networks (NYSE:PANW): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $129.29 and $127.22 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $130.13. The buying momentum continued till the end and the stock did not give up its gains. It closed at $129.49, notching a gain of 2.28% for the day. The total traded volume was 981,870 . The stock had closed at $126.60 on the previous day.


The stock has recorded a 20-day Moving Average of 4.72% and the 50-Day Moving Average is 0.84%. Palo Alto Networks, Inc. has dropped 12.81% during the last 3-month period . Year-to-Date the stock performance stands at -26.48%.

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).

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