Palo Alto Networks (PANW) Earning Somewhat Favorable News Coverage, Study Finds
News articles about Palo Alto Networks (NYSE:PANW) have been trending somewhat positive on Saturday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Palo Alto Networks earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the network technology company an impact score of 83 out of 100, meaning that recent news coverage is very likely to have an impact on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Palo Alto Networks Inc. in 5 Charts – Motley Fool (fool.com)
- Palo Alto Networks, Inc. (PANW) Raised to C- at TheStreet (americanbankingnews.com)
- How Palo Alto Networks, Inc. Makes Most of Its Money – Motley Fool (fool.com)
PANW has been the topic of a number of recent research reports. Jefferies Group LLC decreased their price objective on Palo Alto Networks to $130.00 in a research report on Wednesday, March 1st. Maxim Group reduced their price target on Palo Alto Networks from $185.00 to $168.00 and set a “buy” rating on the stock in a report on Wednesday, March 1st. BTIG Research reduced their price target on Palo Alto Networks from $190.00 to $155.00 and set a “buy” rating on the stock in a report on Wednesday, March 1st. Stifel Nicolaus reduced their price target on Palo Alto Networks from $210.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, March 1st. Finally, Dougherty & Co reduced their price target on Palo Alto Networks from $180.00 to $155.00 and set a “buy” rating on the stock in a report on Wednesday, March 1st. Twenty equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. Palo Alto Networks currently has a consensus rating of “Buy” and a consensus target price of $150.26.
Palo Alto Networks (PANW) traded up 1.73% during midday trading on Friday, hitting $138.41. The stock had a trading volume of 1,644,533 shares. The stock has a 50 day moving average of $124.19 and a 200 day moving average of $127.18. The stock’s market cap is $12.71 billion. Palo Alto Networks has a 12 month low of $107.31 and a 12 month high of $165.69.
Palo Alto Networks (NYSE:PANW) last posted its quarterly earnings results on Wednesday, May 31st. The network technology company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.06. The firm had revenue of $431.80 million during the quarter, compared to analysts’ expectations of $412.11 million. Palo Alto Networks had a negative net margin of 14.38% and a negative return on equity of 23.77%. The firm’s revenue for the quarter was up 24.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.42 earnings per share. Analysts expect that Palo Alto Networks will post $2.59 EPS for the current fiscal year.
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About Palo Alto Networks
Palo Alto Networks, Inc offers a next-generation security platform. The Company’s security platform consists of three elements: Next-Generation Firewall, Advanced Endpoint Protection and Threat Intelligence Cloud. Its 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.
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