Citigroup Upgrades Rating On Palo Alto Networks, Inc. (PANW)

06/01/2017 - Palo Alto Networks, Inc. had its "buy" rating reiterated by analysts at Jefferies. After the latest check-in, shares are -3.64% off of the 50 day high and 26.80% away from the 50 day low number.

EPS in next five year years is expected to touch 31.40% while EPS growth in past 5 year was -66.60% along with sales growth of 63.30% in the last five years. The firm is scheduled to issue its next earnings results on Tuesday, August 29th.

According to Zacks, analysts expect that Palo Alto Networks will report full-year earnings of ($1.11) per share for the current year, with EPS estimates ranging from ($1.14) to ($1.08).

Zacks presents analysts with an ABR (Average Broker Rating), based on the sell-side recommendations. The company had revenue of $431.80 million during the quarter, compared to the consensus estimate of $412.11 million. Palo Alto Networks had a lower negative return on equity of 23.77% and a negative net profit margin of 14.38%. The firm's revenue for the quarter was up 24.9% compared to the same quarter a year ago. During the same quarter previous year, the firm earned $0.42 earnings per share.

On June 7 analysts at Susquehanna started covering PANW giving it an initial rating of "Neutral". ValuEngine upgraded shares of Palo Alto Networks from a "sell" rating to a "hold" rating in a research note on Tuesday, June 27th.

Among 49 analysts covering Palo Alto Networks (NYSE:PANW), 32 have Buy rating, 1 Sell and 16 Hold.

Amid volatile financial markets and the presidential election, various investment brokerages have made amendments to their price targets and ratings on shares of Palo Alto Networks, Inc. Cowen and Company reaffirmed an "outperform" rating and issued a $165.00 target price (up from $150.00) on shares of Palo Alto Networks in a research report on Thursday, June 1st. Twenty-one research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock.

Let's take a quick look at how the price of Palo Alto Networks, Inc.

Several other hedge funds and other institutional investors also recently bought and sold shares of PANW. Clearbridge Investments LLC boosted its position in shares of Palo Alto Networks by 11.3% in the first quarter. HM Payson & Co. raised its position in Palo Alto Networks by 0.3% in the first quarter. LLC increased its stake in Palo Alto Networks by 31.9% in the first quarter. They use historic price data to observe stock price patterns to predict the direction of that price going forward. Palo Alto Networks makes up 10.9% of Hunt Lane Capital LP's portfolio, making the stock its 3rd largest position.

The counter witnessed a trading volume of 1.77 million shares versus an average volume of 1.99 million shares during last trading session. Wedbush Securities Inc. raised its position in Palo Alto Networks by 0.4% in the first quarter. WFG Advisors LP now owns 900 shares of the network technology company's stock worth $101,000 after buying an additional 50 shares during the last quarter.

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06/05/2017 - Palo Alto Networks, Inc. had its "neutral" rating reiterated by analysts at UBS. Over the last five days, shares have managed 1.08% gains and now is up 1.66% since hitting its 200-day moving average of $127.52. Moreover, State Street has 0.02% invested in Palo Alto Networks Inc (NYSE:PANW) for 1.68 million shares. The company has market cap of $12.41 billion. Monness Crespi & Hardt assumed coverage on Palo Alto Networks in a study note published on early Thur, Apr 6th. The Company's security platform consists of three elements: Next-Generation Firewall, Advanced Endpoint Protection and Threat Intelligence Cloud.

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