Positive Press Coverage Somewhat Unlikely to Impact Palo Alto Networks (PANW) Stock Price
Headlines about Palo Alto Networks (NYSE:PANW) have been trending positive this week, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Palo Alto Networks earned a media sentiment score of 0.28 on Accern’s scale. Accern also gave news coverage about the network technology company an impact score of 45.8941018909181 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have effected Accern’s analysis:
- Palo Alto Networks Inc (PANW) Given Average Recommendation of “Buy” by Analysts (americanbankingnews.com)
- Palo Alto Networks, Inc. (PANW) In Active Momentum Stock along Profitability Facts – Investing News Update (investingbizz.com)
- Time to Sell Maxed-Out Palo Alto Networks Inc Stock – Investorplace.com (investorplace.com)
- Zscaler Doubles in IPO: Nice Day for Tech Vet Chaudhry (finance.yahoo.com)
- M&A daily wrap: IOP, Huntsman, Tritium Partners, Walker & Dunlop, Wind Point – Mergers & Acquisitions (themiddlemarket.com)
PANW stock traded down $1.55 on Friday, reaching $187.46. The company had a trading volume of 1,215,102 shares, compared to its average volume of 2,044,648. The company has a market cap of $17,217.83, a P/E ratio of -86.39 and a beta of 0.91. Palo Alto Networks has a twelve month low of $107.31 and a twelve month high of $191.53.
PANW has been the topic of a number of recent research reports. BMO Capital Markets lifted their target price on Palo Alto Networks from $160.00 to $170.00 and gave the company a “market perform” rating in a research report on Tuesday, November 21st. Jefferies Group reissued a “buy” rating and issued a $183.00 target price (up previously from $168.00) on shares of Palo Alto Networks in a research report on Tuesday, November 21st. Piper Jaffray Companies reissued an “overweight” rating and issued a $173.00 target price (up previously from $155.00) on shares of Palo Alto Networks in a research report on Tuesday, November 21st. Royal Bank of Canada lifted their target price on Palo Alto Networks from $159.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday, November 21st. Finally, FBN Securities raised Palo Alto Networks from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, November 21st. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirty-eight have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $181.38.
In related news, Director Stanley J. Meresman sold 2,000 shares of the business’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $159.00, for a total value of $318,000.00. Following the completion of the sale, the director now directly owns 13,834 shares in the company, valued at approximately $2,199,606. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Nir Zuk sold 28,000 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $148.08, for a total value of $4,146,240.00. Following the completion of the sale, the executive vice president now owns 1,467,309 shares of the company’s stock, valued at $217,279,116.72. The disclosure for this sale can be found here. Insiders sold a total of 397,980 shares of company stock valued at $62,407,135 over the last 90 days. 4.80% of the stock is currently owned by corporate insiders.
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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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