Palo Alto Networks, Inc. (NASDAQ:PANW – Get Free Report) CAO Josh D. Paul sold 200 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $338.00, for a total transaction of $67,600.00. Following the completion of the transaction, the chief accounting officer now directly owns 24,982 shares of the company’s stock, valued at approximately $8,443,916. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Palo Alto Networks Trading Up 0.2 %
Palo Alto Networks stock opened at $341.20 on Friday. The stock has a market cap of $110.48 billion, a P/E ratio of 49.59, a PEG ratio of 5.23 and a beta of 1.14. The company has a 50-day moving average price of $310.13 and a 200 day moving average price of $307.86. Palo Alto Networks, Inc. has a 12-month low of $201.17 and a 12-month high of $380.84.
Palo Alto Networks (NASDAQ:PANW – Get Free Report) last released its quarterly earnings results on Monday, May 20th. The network technology company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.25 by $0.07. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.97 billion. Palo Alto Networks had a net margin of 31.42% and a return on equity of 32.74%. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.38 EPS. As a group, analysts forecast that Palo Alto Networks, Inc. will post 2.94 EPS for the current year.
Hedge Funds Weigh In On Palo Alto Networks
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on PANW shares. JMP Securities restated a “market outperform” rating and set a $380.00 price objective on shares of Palo Alto Networks in a research note on Tuesday, May 21st. Needham & Company LLC restated a “buy” rating and issued a $345.00 price target on shares of Palo Alto Networks in a report on Tuesday, May 21st. Redburn Atlantic boosted their price objective on shares of Palo Alto Networks from $275.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. KeyCorp raised their target price on shares of Palo Alto Networks from $355.00 to $384.00 and gave the company an “overweight” rating in a research note on Thursday, May 16th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $330.00 price objective on shares of Palo Alto Networks in a report on Wednesday, March 13th. Twelve research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Palo Alto Networks presently has an average rating of “Moderate Buy” and a consensus price target of $326.29.
View Our Latest Research Report on Palo Alto Networks
Palo Alto Networks Company Profile
Palo Alto Networks, Inc provides cybersecurity solutions worldwide. The company offers firewall appliances and software; and Panorama, a security management solution for the global control of network security platform as a virtual or a physical appliance. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention.
Recommended Stories
- Five stocks we like better than Palo Alto Networks
- How to Know Which Cryptocurrency to Buy: A Guide for Investors
- Celebrate July 4th with These Red, White, & Blue Chip Stocks
- What is the Euro STOXX 50 Index?
- AbbVie Stock: A Perfect Dip for Investors to Buy
- Financial Services Stocks Investing
- Forget NVIDIA: Super Micro Computer Stock Leads in Momentum
Receive News & Ratings for Palo Alto Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palo Alto Networks and related companies with MarketBeat.com's FREE daily email newsletter.