Rosenblatt Initiates Coverage on Palo Alto Networks Inc to Buy

Rosenblatt Initiates Coverage on Palo Alto Networks Inc(NYSE:PANW). The shares have been rated Buy. The rating by Rosenblatt was issued on Sep 12, 2016.

In a different note, On Aug 31, 2016, Citigroup said it Maintains its rating on Palo Alto Networks Inc. In the research note, the firm Lowers the price-target to $145.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 31, 2016, Raymond James said it Downgrades its rating on Palo Alto Networks Inc. The shares have been rated ‘Outperform’ by the firm. On Aug 31, 2016, Morgan Stanley said it Maintains its rating on Palo Alto Networks Inc. The shares have been rated ‘Overweight’ by the firm. On Aug 31, 2016, Wunderlich said it Maintains its rating on Palo Alto Networks Inc. The shares have been rated ‘Buy’ by the firm. On Aug 31, 2016, Barclays said it Maintains its rating on Palo Alto Networks Inc. In the research note, the firm Raises the price-target to $184.00 per share. The shares have been rated ‘Overweight’ by the firm. On Aug 31, 2016, Goldman Sachs said it Maintains its rating on Palo Alto Networks Inc. In the research note, the firm Raises the price-target to $165.00 per share. The shares have been rated ‘Buy’ by the firm.

Palo Alto Networks Inc (PANW) shares turned negative on Tuesdays trading session with the shares closing down -0.67 points or -0.44% at a volume of 9,48,547. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $151.975. The peak price level was also seen at $151.975 while the days lowest was $150.032. Finally the shares closed at $150.07. The 52-week high of the shares is $194.728 while the 52-week low is $111.0901. According to the latest information available, the market cap of the company is $13,634 M.

Palo Alto Networks Inc(PANW) last announced its earnings results on Aug 30, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $400.80M. Analysts had an estimated revenue of $389.86M. Earnings per share were $0.50. Analysts had estimated an EPS of $0.50.

Several Insider Transactions has been reported to the SEC. On Sep 7, 2016, Mark D Mclaughlin (Chief Executive Officer) sold 26,423 shares at $144.29 per share price.Also, On Aug 24, 2016, Rene Bonvanie (Chief Marketing Officer) sold 2,507 shares at $136.91 per share price.On Aug 24, 2016, Steffan Tomlinson (Chief Financial Officer) sold 2,655 shares at $136.91 per share price, according to the Form-4 filing with the securities and exchange commission.

Palo Alto Networks Inc. is a security company. The Company’s security platform consists of three elements: its Next-Generation Firewall its Advanced Endpoint Protection and its Threat Intelligence Cloud. The Company’s 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 Company’s 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 Company’s 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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