Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Palo Alto Networks (PANW) Stock Price

Media stories about Palo Alto Networks (NYSE:PANW) have been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Palo Alto Networks earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave media headlines about the network technology company an impact score of 45.9342219189642 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Several analysts recently weighed in on PANW shares. Morgan Stanley upgraded Palo Alto Networks from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $150.00 to $185.00 in a report on Tuesday, October 10th. William Blair restated a “market perform” rating on shares of Palo Alto Networks in a report on Tuesday, September 5th. Dougherty & Co restated a “buy” rating and set a $165.00 price target (up previously from $155.00) on shares of Palo Alto Networks in a report on Tuesday, September 5th. Royal Bank of Canada increased their price target on Palo Alto Networks from $145.00 to $159.00 and gave the company an “outperform” rating in a report on Friday, September 1st. Finally, Summit Redstone upgraded Palo Alto Networks from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a report on Tuesday, September 5th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty-three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $162.84.

Palo Alto Networks (NYSE PANW) traded up $0.69 on Tuesday, hitting $148.94. The stock had a trading volume of 769,029 shares, compared to its average volume of 1,745,439. Palo Alto Networks has a fifty-two week low of $107.31 and a fifty-two week high of $157.65.

Palo Alto Networks (NYSE:PANW) last posted its quarterly earnings results on Monday, November 20th. The network technology company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.06. Palo Alto Networks had a negative return on equity of 15.77% and a negative net margin of 11.97%. The business had revenue of $505.50 million for the quarter, compared to the consensus estimate of $489.36 million. During the same quarter in the prior year, the company earned $0.55 EPS. The business’s revenue was up 27.0% compared to the same quarter last year. research analysts forecast that Palo Alto Networks will post -0.37 earnings per share for the current fiscal year.

In related news, President Mark Anderson sold 15,614 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $144.16, for a total transaction of $2,250,914.24. Following the sale, the president now owns 186,413 shares of the company’s stock, valued at $26,873,298.08. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Stanley J. Meresman sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $151.01, for a total value of $302,020.00. The disclosure for this sale can be found here. Insiders have sold a total of 298,784 shares of company stock worth $44,595,631 in the last three months. Corporate insiders own 4.80% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Palo Alto Networks (NYSE:PANW)

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