Palo Alto Networks Quotes Above Benchmark
Global Cybercrime Continues to Grow at Breakneck Speed
Shareholder returns and stock trends
On September 15, 2015, Palo Alto Networks (PANW) generated returns of 86.3% in the TMM (trailing twelve months) and 5.56% in the trailing one-month period. The share price of the firm increased by 2.03%.
Palo Alto’s peer companies like Cisco Systems (CSCO) and Qualcomm (QCOM) and Juniper Networks (JNPR) generated returns of 1.09%, 1.03%, and 1.86%, respectively, on September 15.
Moving averages
On September 15, the last trading price of Palo Alto was $183.19. The firm was trading at -9.44%, 3.73%, and 7.12%, respectively, below its 20-day, 50-day, and 100-days moving averages of $167.38, $176.60, and $171.01, respectively.
MACD and RSI
A company’s MACD (moving average convergence divergence) is the difference between its short-term and long-term moving averages. On September 15, Palo Alto’s MACD (9-Day) was -2.07, which shows a downward trading trend, as the figure is negative.
The 14-day RSI (relative strength index) for Palo Alto is 64, which shows that the stock is neither oversold nor overbought. If a company’s RSI is above 70, its stock is overbought, while an RSI figure of below 30 suggests that a company’s stock has been oversold.
Palo Alto Networks constitutes 0.13% of the iShares Russell 1000 Growth ETF (IWF) and makes up 9.23% the iShares North American Tech-Multimedia Networking (IGN).
Analyst recommendations
Out of 39 analysts covering Palo Alto’s stock, 31 have issued “buy” recommendations, one has issued a “sell” recommendation, and seven have issued “hold” recommendations. The analyst stock price target for the firm is $202.60, with a median target estimate of $200.50. Palo Alto Networks is thus trading at a discount of 8.63% with respect to its median target—an apparently attractive buy, at current levels.
In the next part of this series, we’ll look at a new development at Intel.
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