Palo Alto Networks Is Getting Pounded in After-Hours Trading Tuesday

Maxine SotoMar 02, 2017

(NYSE:PANW) from a hold rating to a buy rating in a report released on Friday morning. They set a "hold" rating and a $153.00 price target on the stock.

12/20/2016 - Palo Alto Networks, Inc. had its " rating reiterated by analysts at D.A. Davidson.

The company's non-GAAP net loss was $59.6 million, wider than a loss of $39.5 million reported a year ago. The retailer isn't looking for much, if any, revenue growth this year either. Nevertheless, a volatile spending environment and competition from Cisco Systems, Inc. Zacks Investment Research lowered shares of Palo Alto Networks from a "buy" rating to a "hold" rating in a research note on Monday, October 31st. The firm's market capitalization is $11.47 billion. For the week, the stock is performing -2.50%.

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However, interestingly, if we filter for recommendations from only best-performing analysts i.e. the analysts that consistently outperform the market, then the analyst consensus rating shifts to strong buy.

Currently, Palo Alto Networks has a Zacks Rank #2 (Buy). The volume of 4.19 Million shares climbed up over an trading activity of 2.93 Million shares. The stock's market capitalization is $10.86 billion. The stock has a 50-day moving average of $139.78 and a 200 day moving average of $142.34.

Important factors to focus when evaluating a stock's present and future value are the 52 week price high and low levels. (NYSE:PANW) last announced results for quarter ended on 31 Oct 2016, disclosing EPS of $0.55. On the other hand, the company had reported the adjusted revenue growth of 26.3 percent to $422.6 million in the second quarter 2017, missing the analysts' estimates for revenue of $429.7 million. The company had revenue of $398.10 million for the quarter, compared to analyst estimates of $400.20 million. However, Pacific Crest continues to believe that this is the downturn of the firewall refresh cycle and see Palo Alto as well positioned to emerge on the other side. Similarly, the positive performance for the quarter recorded as 7.34% and for the year was 4.91%, while the YTD performance remained at 21.47%. Its sales stood at 8.20% a year on average in the period of last five years. Jefferies Group LLC started coverage on shares of Palo Alto Networks in a report on Wednesday, January 18th.

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"The LightCyber team's vision to bring automation and machine learning to bear in addressing the very hard task of identifying otherwise undetected and often very sophisticated attacks inside the network is well-aligned with our platform approach", said Mark McLaughlin, chairman and CEO of Palo Alto Networks. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. Following the sale, the president now directly owns 256,915 shares in the company, valued at approximately $32,404,688.95. The shares were sold at an average price of $127.32, for a total transaction of $3,382,383.12. 1 analysts recommended Overweight these shares while 0 recommended Underweight, according to FactSet data. The disclosure for this sale can be found here. Its share price has risen 7.34% in three months and is down -2.50% for the last five trades.

Several large investors have recently made changes to their positions in the company. Capstone Asset Management Co. raised its stake in shares of Palo Alto Networks by 0.5% in the third quarter.

Palo Alto Networks has 91,686,000 shares in issue which have a share price of 118.21 giving Palo Alto Networks a market capitalisation of 10.84B Dollars. Insiders own 4.80% of the company's stock.

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