Economy

Palo Alto Networks, Inc. (PANW) Updates FY18 Earnings Guidance

The firm's stock has a market capitalization of $13.05 bln. The Company, through its subsidiaries, operates transitional care hospitals, a home health, hospice and community care business, inpatient rehabilitation hospitals (IRFs), a contract rehabilitation services business, nursing centers and assisted living facilities across the United States.

Algert Global Llc decreased Ii Vi Inc (IIVI) stake by 50.68% reported in 2016Q4 SEC filing. More interesting news about Palo Alto Networks Inc (NYSE:PANW) were released by: Prnewswire.com and their article: "Palo Alto Networks Announces Next-Generation Security Platform for VMware ..." published on August 28, 2017 as well as Investorplace.com's news article titled: "Palo Alto Networks Inc (PANW) Stock Will Make a Big Earnings Move" with publication date: August 25, 2017. Morgan Stanley downgraded Palo Alto Networks Inc (NYSE:PANW) on Wednesday, March 1 to "Equal-Weight" rating. McLaughlin said he expects Palo Alto Networks will soon eclipse Cisco's security practice, as its growth rate is about nine times higher year over year. EA comes in with a P/S ratio of 7.39 that's greater than 1, potentially implying that it could be expensive relative to the overall sector (14.22) and its peers (87.09). Insiders have sold 33,572 shares of company stock worth $4,657,044 over the last three months. American Century Companies Inc. grew its position in Palo Alto Networks by 512.7% during the 2nd quarter. It has underperformed by 33.01% the S&P500.

Investors sentiment increased to 0.94 in Q4 2016. Its up 0.01, from 0.93 in 2016Q3. The stock was sold at an average price of $137.97, for a total value of $4,139,100.00. 48 funds opened positions while 57 raised stakes. Glenmede Na stated it has 3,285 shares. The firm has "Hold" rating by Deutsche Bank given on Wednesday, July 13. Legal & General Public Limited Liability Corporation invested in 0% or 12,625 shares. Alpha Cubed Invs Llc holds 0.25% or 8,263 shares in its portfolio. Winfield Associates Incorporated has invested 0.01% of its portfolio in II-VI, Inc. Schwab Charles Investment Management invested in 0% or 78,700 shares. Ftb Advsr holds 0.02% or 930 shares in its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) has 95,171 shares for 0.12% of their portfolio. Pub Employees Retirement Association Of Colorado has invested 0.02% in Palo Alto Networks Inc (NYSE:PANW). Iowa-based Principal Fincl Group has invested 0% in Palo Alto Networks Inc (NYSE:PANW). The original version of this piece can be read at https://weekherald.com/2017/09/15/insider-selling-palo-alto-networks-inc-panw-director-sells-227924-28-in-stock.html. Gam Holding Ag reported 0.07% of its portfolio in Palo Alto Networks Inc (NYSE:PANW). Moreover, Rockefeller Service has 0% invested in Palo Alto Networks Inc (NYSE:PANW).

Blair William & Company increased Ishares U.S. Aerospace & Def (ITA) stake by 19,109 shares to 66,254 valued at $9.31M in 2016Q4. Kimberly (NYSE:KMB) was raised too.

Analysts have given a mean recommendation of 2.10 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Therefore 83% are positive. Goldman Sachs maintained Palo Alto Networks Inc (NYSE:PANW) rating on Tuesday, April 5. KeyBanc Capital Markets maintained the shares of PANW in report on Thursday, August 31 with "Buy" rating. On September 5 the company was rated "Outperform" in a report from Imperial Capital a boost from the previous "Outperform" rating.

Palo Alto Networks (NYSE:PANW) last posted its quarterly earnings results on Monday, November 21st. UBS maintained Palo Alto Networks Inc (NYSE:PANW) rating on Thursday, September 10. Wells Fargo reinitiated the stock with "Outperform" rating in Friday, September 23 report. The rating was upgraded by Sidoti to "Buy" on Tuesday, August 4. The firm has "Outperform" rating by Raymond James given on Wednesday, August 31. (NYSE:PANW) has gone weaker by -1.99%.

Analysts await UniFirst Corp (NYSE:UNF) to report earnings on October, 18. BG's profit will be $171.53 million for 14.92 P/E if the $1.22 EPS becomes a reality.

Cisco, which has been investing heavily in its network security portfolio, reported security sales of $558 million in its fourth quarter earnings on August 12, up 3 percent year over year. The stock rose 0.48% or $0.68 reaching $143.18 per share. Kroger Co (KR) has declined 16.08% since September 14, 2016 and is downtrending. (PANW) - averaging the work of different analysts - reveals a mean PT of $160.11/share. Argus raised Palo Alto Networks from a "hold" rating to a "buy" rating and set a $183.00 target price on the stock in a research note on Tuesday, September 5th. The stock's average target of $35.80 is 68.39% above today's ($21.26) share price. KR was included in 5 notes of analysts from September 7, 2016. Of the 43 analysts surveyed by Reuters that track PANW 11 of them rate its stock a hold. The company was maintained on Wednesday, September 7 by RBC Capital Markets.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.



Like this

Latest


16 September 2017
Donald Trump heading to Florida to survey hurricane damage
Florida's southwestern coast is a haven for retirees seeking warm weather and attractive sunsets across the Gulf of Mexico. Marco Rubio; state Attorney General Pam Bondi; and the Federal Emergency Management Agency's administrator, Brock Long.

16 September 2017
Insiders Selling, Short Interest Growing Twitter, Inc. (NYSE:TWTR)
On July 13, 2017 the stock rating was rated "Mixed" according to a OTR Global report a boost from the previous "Negative" rating. Following the completion of the sale, the director now owns 2,658,594 shares of the company's stock, valued at $48,253,481.10.

16 September 2017
Wipro Limited (NYSE:WIT) Experiences Heavier than Average Trading Volume
Finally, Renaissance Group LLC lifted its holdings in shares of Wipro Limited by 114.9% during the 2nd quarter. Prudential Financial Inc. lifted its holdings in shares of Wipro Limited by 152.0% during the 2nd quarter.

16 September 2017
Sumitomo Mitsui Trust Holdings Inc. Reduces Holdings in VEREIT Inc. (VER)
APG Asset Management US Inc. acquired a new position in shares of VEREIT during the third quarter valued at about $48,676,000. Turning to Calpine Corporation (NYSE:CPN), its shares were trading at $14.7 a retreat of $-0.05, on the trading floor.

16 September 2017
Is Harmony Gold Mining Company Limited (HMY) a good buy?
A trend analysis is a method of analysis that allows traders to foresee what will come about with a stock in upcoming days. If we checked the overall image of stock during recent quarter then we found that stock performance is trading up 15.56%.

16 September 2017
Conan spoofs Apple's iPhone event and Face ID
Available for pre-ordering starting October 27, Apple's next-generation iPhone , the iPhone X, will set buyers back $999 or more. When the real Federighi demonstrated Face ID on stage, he had to enter his passcode when the recognition system seemed to fail.

16 September 2017
World's oldest woman is dead
Mosse-Brown told a local Jamaican news outlet that she didn't have a secret to longevity, but she hinted at some tricks. She is the first verified supercentenarian from Jamaica and holds the record as the oldest person from the country ever.

16 September 2017
Social app popular with 'alt-right' files antitrust lawsuit against Google
Gab's lawsuit accuses Google of restricting competition in violation of the Sherman Act, the primary US antitrust statute. This, the suit claims, is because the Play Store has become the only trusted source for Android apps on the market.

16 September 2017
People Aboard Sinking Robben Island Ferry 'Safely Ashore'
A Robben Island ferry used to transport staff is at the centre of a dramatic rescue operation that is in progress this Friday afternoon.

16 September 2017
How To Preorder The iPhone 8 And iPhone 8 Plus In Australia
It's possible this year is different because Apple announced not two but three new iPhones this year. Unlocked gold and silver iPhone 8 models still have some stock available for a launch day shipment.