Palo Alto Networks (PANW) : Traders are bullish on Palo Alto Networks (PANW) as it has outperformed the S&P 500 by a wide margin of 5.2% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 7.55%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 7.52% in the last 1 week, and is up 5.6% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Palo Alto Networks, Inc. has dropped 3.54% during the last 3-month period . Year-to-Date the stock performance stands at -22.37%. The stock has recorded a 20-day Moving Average of 4.58% and the 50-Day Moving Average is 7.08%.
Palo Alto Networks (NYSE:PANW): The stock opened at $136.19 on Friday but the bulls could not build on the opening and the stock topped out at $137.11 for the day. The stock traded down to $134.03 during the day, due to lack of any buying support eventually closed down at $136.74 with a loss of -0.26% for the day. The stock had closed at $137.09 on the previous day. The total traded volume was 1,013,111 shares.
Also, Major Brokerage house, Cleveland Research downgrades its ratings on Palo Alto Networks (NYSE:PANW). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. 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).