Palo Alto Networks Stock Surges on Q4 Beat, JPMorgan Upgrade

Palo Alto Networks Stock Surges on Q4 Beat, JPMorgan Upgrade

Palo Alto Networks Stock Surges on Q4 Beat, JPMorgan Upgrade

Piper Jaffray Companies' price objective suggests a potential upside of 16.81% from the company's current price. Equity analyst Susquehanna initiated coverage with an initial rating of "Neutral". The company has a consensus rating of "Buy" and a consensus target price of $154.96. As of writing, Palo Alto Networks, Inc.'s RSI stands at 73.74. Price T Rowe Assoc Md stated it has 0.08% of its portfolio in Palo Alto Networks Inc (NYSE:PANW). Craig Hallum cuts stock rating to Hold while Stifel Nicolaus lowers price target by $12 to $52 a share, maintaining Buy recommendation. 4,456,840 shares of the stock traded hands. The stock's 50 day moving average price is $133.45 and its 200 day moving average price is $126.61. Palo Alto Networks has a 52 week low of $107.31 and a 52 week high of $165.69. The stock's market capitalization is $13.36 billion. Palo Alto Networks also was the recipient of unusually large options trading on Thursday. Stock traders acquired 13,736 put options on the company. This represents an increase of 559% compared to the typical daily volume of 2,084 put options.

In the end, this was as good a quarter as any investor could have asked for Palo Alto Networks as it sustains its growth momentum from an ever-increasing base. Revenue this year is seen growing to between $2.125 billion to $2.165 billion, the company said, while the analyst consensus is expecting $2.13 billion in FY18 revenue.

Revenue rose 27% to $509.1 million from the year-ago quarter, beating the Wall Street consensus estimate of $487 million.

Palo Alto Networks, Inc. offers a next-generation security platform. The firm has "Buy" rating given on Tuesday, October 27 by Canaccord Genuity. Analysts, on average, are expecting the company to earn $0.68 per share on $486.9 million in revenue. Analysts predict that Palo Alto Networks will post $3.27 EPS for the current fiscal year.

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KeyBanc Capital Markets analyst Rob Owens maintained an overweight rating on Palo Alto and price target of 170. The portion of a company's profit allocated to each outstanding share of common stock was -$2.58 a share in the trailing twelve months. The shares were sold at an average price of $137.97, for a total transaction of $4,139,100.00. Following the sale, the director now owns 271,645 shares of the company's stock, valued at approximately $37,478,860.65. Thrivent Fincl For Lutherans accumulated 410,437 shares or 0.23% of the stock.

Avalon Global Asset Management Llc increased Palo Alto Networks Inc (PANW) stake by 229.05% reported in 2016Q4 SEC filing. Flinton Capital Management LLC now owns 9,072 shares of the network technology company's stock valued at $1,022,000 after buying an additional 4,416 shares during the period. 7,469 are held by Fisher Asset Management Limited Liability Com. Eagle Asset Management boosted its position in shares of Palo Alto Networks by 44.0% in the third quarter. LLC now owns 939 shares of the network technology company's stock valued at $106,000 after buying an additional 227 shares in the last quarter. Waldron LP increased its position in shares of Palo Alto Networks by 105.2% in the first quarter. Finally, Tocqueville Asset Management L.P. boosted its position in shares of Palo Alto Networks by 92.5% in the fourth quarter. Huntington Bankshares reported 1,206 shares. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Palo Alto Networks by 30.0% in the second quarter. State Of Alaska Department Of Revenue invested in 0.03% or 3,397 shares. Institutional investors own 77.05% of the company's stock. Highbridge Capital Mgmt Limited Liability Co reported 0.31% of its portfolio in Palo Alto Networks Inc (NYSE:PANW). The Company's Next-Generation Firewall delivers application, user and content visibility and control, as well as protection against network cyber threats integrated within the firewall through its hardware and software architecture.

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