Press coverage about Palo Alto Networks (NYSE:PANW) has been trending somewhat positive on Friday, Accern Sentiment reports. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Palo Alto Networks earned a news impact score of 0.22 on Accern’s scale. Accern also gave news stories about the network technology company an impact score of 46.6306008783478 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- BidaskClub Downgrades Palo Alto Networks (PANW) to Sell (americanbankingnews.com)
- Nir Zuk Sells 30,000 Shares of Palo Alto Networks (PANW) Stock (americanbankingnews.com)
- Palo Alto Networks (PANW) CEO Sells $7,173,600.00 in Stock (americanbankingnews.com)
- Palo Alto Networks, Inc. (PANW) Stock in Essential Chart Information and Attractive Returns Figures (investingbizz.com)
- Knock at Technical analysis on Palo Alto Networks, Inc. (PANW) (wallstreetmorning.com)
PANW has been the topic of a number of research analyst reports. Monness Crespi & Hardt raised their price objective on shares of Palo Alto Networks from $190.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, March 22nd. BTIG Research raised their target price on shares of Palo Alto Networks from $175.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Cleveland Research raised shares of Palo Alto Networks from a “neutral” rating to a “buy” rating in a research note on Thursday, February 22nd. Deutsche Bank upgraded shares of Palo Alto Networks from a “hold” rating to a “buy” rating and set a $180.00 target price for the company in a report on Tuesday, January 23rd. Finally, Jefferies Group restated a “buy” rating and issued a $206.00 target price on shares of Palo Alto Networks in a report on Tuesday, February 27th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and thirty-nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $181.86.
Palo Alto Networks (NYSE:PANW) last issued its earnings results on Monday, February 26th. The network technology company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.19). The company had revenue of $542.40 million for the quarter, compared to analysts’ expectations of $525.37 million. Palo Alto Networks had a negative return on equity of 14.74% and a negative net margin of 9.96%. equities analysts anticipate that Palo Alto Networks will post -0.37 earnings per share for the current year.
In related news, CEO Mark D. Mclaughlin sold 5,000 shares of the business’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $160.00, for a total value of $800,000.00. Following the completion of the transaction, the chief executive officer now owns 323,610 shares of the company’s stock, valued at approximately $51,777,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark D. Mclaughlin sold 40,000 shares of the business’s stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $179.34, for a total transaction of $7,173,600.00. Following the completion of the transaction, the chief executive officer now directly owns 296,450 shares of the company’s stock, valued at approximately $53,165,343. The disclosure for this sale can be found here. Insiders have sold a total of 230,960 shares of company stock valued at $40,083,399 in the last ninety days. Corporate insiders own 4.80% of the company’s stock.
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Palo Alto Networks Company Profile
Palo Alto Networks, Inc provides security platform solutions worldwide. Its platform includes Next-Generation Firewall that delivers application, user, and content visibility and control, as well as protection against network-based cyber threats; Advanced Endpoint Protection, which prevents cyber-attacks that exploit software vulnerabilities on various fixed, mobile, and virtual endpoints and servers; and Threat Intelligence Cloud, which offers central intelligence capabilities, security for software as a service applications, and automated delivery of preventative measures against cyber-attacks.
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