|Bid||180.00 x 800|
|Ask||208.40 x 800|
|Day's Range||204.40 - 208.25|
|52 Week Range||160.08 - 260.63|
|Beta (3Y Monthly)||0.92|
|PE Ratio (TTM)||N/A|
|Earnings Date||Sep 4, 2019 - Sep 9, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||265.88|
Cybersecurity giant Palo Alto Networks (PANW) is targeting acquisitions to expand its footprint and gain traction among customers. In the last 15 months, PANW has spent well over $1 billion on acquisitions.
Cybersecurity company Palo Alto Networks (PANW) has seen its shares rise 158.0% in the last five years. The primary driver of a company’s stock price is its revenue and earnings growth.
Shares of leading cybersecurity company Palo Alto Networks (PANW) have fallen close to 15.0% since April 2019. Despite the recent pullback, PANW has gained almost 10.0% since the start of 2019.
Cisco Systems Inc. (CSCO), Palo Alto Networks Inc. (PANW), FireEye Inc. (FEYE), and Imperva Inc. (IMPV) have all made cybersecurity acquisitions in recent weeks as they scoop up smaller companies in the burgeoning enterprise software industry tied to cybersecurity. “There is a bit of a scramble to get premium assets,” said Sarah Guo, an investor at Greylock Partners.
Trading playbook: The 10-week moving average serves as a key area of potential support. Why? Institutions will use it to add shares to existing positions.
This fund manager believes that FireEye is a misunderstood stock that could do well in the future, but it might not be entirely correct.
Palo Alto Networks Inc NYSE:PANWView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for PANW with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding PANW are favorable, with net inflows of $5.02 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
PureSec will be integrated into Palo Alto's (PANW) Prisma cloud security platform, enabling the latter to add end-to-end serverless application security to its capabilities.
SANTA CLARA, Calif., June 13, 2019 /PRNewswire/ -- Palo Alto Networks (NYSE: PANW), the global cybersecurity leader, announced today that it has completed its acquisition of PureSec, a leader in serverless security, to extend its Prisma™ cloud security strategy. "With the addition of PureSec to our Prisma cloud security suite, we will be well positioned to help organizations accelerate their journey to the cloud," said Nikesh Arora, chairman and CEO of Palo Alto Networks. "We are excited to welcome PureSec to Palo Alto Networks.
Admittedly, Wall Street analysts aren't perfect, or even close. They can be too optimistic, as witnessed by just how rare it is that an analyst will assign a sell rating to a stock. Like the rest of us, they can succumb to a herd mentality. Stepping out of line is discouraged (and offers little incentive). As a result, the Street sometimes seems to move its targets as much due to price action as due to fundamental changes.But although Wall Street sentiment isn't gospel, it still has value. Analysts can still move stocks with an upgrade … or a downgrade. Few market participants understand the stocks better, and the industries, they cover. And in extreme cases, analyst expectations can signal value the rest of the market might be missing.For these 10 stocks, the divergence between the market price and the trading price is extreme: at least 25%. And for all 10 stocks, there's some logic behind the analyst arguments. These aren't the 10 stocks with the biggest divergences (many small-cap stocks have average target prices that suggest a double, albeit with limited coverage) and they're not guaranteed to rise. But, in all ten cases, there's at least good reason to think that Wall Street might be right.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks That Every 30-Year-Old Should Buy and Hold Forever (Author's note: average target price data comes from finviz.com. Upside based on closing prices on Monday, June 10, 2019.) Facebook (FB)Source: Shutterstock Average Target Price: +27%Wall Street still likes Facebook (NASDAQ:FB). Among the 35 largest stocks by market capitalization, only Alibaba (NYSE:BABA) has larger upside based on the average Wall Street target price.That said, analysts generally like the so-called FAANG stocks as a group. The Street sees 26% gains ahead for Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), and 20% upside for Amazon (NASDAQ:AMZN). Average target prices imply that Apple (NASDAQ:AAPL) will rise 14%, and Netflix (NASDAQ:NFLX) 7%.Still, Facebook is the Street's best pick in the group, at least at the moment -- and that makes sense. For all the noise about the company's myriad scandals, its users haven't gone anywhere. Larry Ramer raised caution about the pending Federal Trade Commission investigation, but I respectfully disagree, given Facebook has zero liability under existing antitrust laws. As I wrote last month, there's still a case for Facebook to reclaim all-time highs, and the average analyst agrees. The target price of $221 is just above July 2018 highs near $219.To be sure, FB stock likely needs some help from the broader market and the economy to keep driving ad sales. But there is plenty of room from a valuation standpoint for FB to rally, and it likely wouldn't take much of a catalyst for Wall Street to start pounding the table for the stock again. Baidu (BIDU)Source: Shutterstock Average Target Price: +87%At the moment, the Street sees Baidu (NASDAQ:BIDU) nearly doubling, but that may not be the case for long. BIDU shares tumbled after a disappointing Q1 earnings report last month, dropping over 25% before a recent, modest, rally. It's likely that some analysts haven't yet updated their price targets, and that some of those targets may come down with BIDU closer to $100 than the current $209 average target price.It's also worth noting that analysts are generally much more bullish on Chinese stocks than the market. As noted, analysts see 28% upside in Alibaba stock, over 50% in oil plays PetroChina (NYSE:PTR) and China Petroleum & Chemical (NYSE:SNP), and 60%+ gains for Weibo (NASDAQ:WB). China-focused analysts might be less connected to U.S. investor sentiment and maybe more likely to keep targets elevated to curry favor with company executives less open to dissent than their American counterparts. * 7 U.S. Stocks to Buy With Limited Trade War Exposure Still, even with those caveats, Wall Street clearly sees the fall in BIDU shares as overdone. There are risks here, as I wrote after the Q1 report. But as Barron's reported, analysts see better days coming in the second half of this year. At less than 15x earnings, BIDU looks cheap, meaning few improvements are actually priced in. If Wall Street is right about performance, Baidu stock has a big move ahead, even if it falls short of current price targets. Bausch Health (BHC)Source: Wikimedia (Modified)Average Target Price: +44%Investors would be forgiven for having some skepticism toward analyst opinions on Bausch Health (NYSE:BHC). Wall Street was caught notably flat-footed when Bausch, then known as Valeant Pharmaceuticals, saw its share price collapse back in 2015. And it's worth remembering that Bausch still has nearly $25 billion in debt and a market cap under $8 billion. It doesn't take much of a tweak to models to notably change the value of BHC stock.That said, Wall Street no doubt is a bit chastened by its prior analyses of BHC. ("Fool me once, shame on you; fool me twice, shame on me.") Meanwhile, Bausch posted its best organic growth in three years in the first quarter, and raised full-year guidance in the process.There are still risks here, and I've been cautious toward BHC since the Valeant days. But Bausch has made significant improvement in recent years … yet BHC stock has traded sideways for a good eighteen months. If Wall Street is right this time, the stock should be due for a rally. Qualcomm (QCOM)Source: Shutterstock Average Target Price: +37%Shares of Qualcomm (NASDAQ:QCOM) soared after its April settlement with Apple, and analysts jumped on board quickly as well. Morgan Stanley (NYSE:MS), for instance, raised QCOM stock to a Buy rating and hiked its target all the way from $55 to $95. Three other analysts immediately upgraded the stock.Morgan Stanley, in fact, very nearly got it exactly right. QCOM went from $57 before the announcement to $90 by early May. Since then, however, the stock has come in. As Dana Blankenhorn noted, fiscal Q2 results in early May seemed underwhelming given the optimism toward the stock. Generally negative sentiment toward chip stocks hasn't helped, either. QCOM went back to $65 before climbing in recent sessions to $70.But so far at least, analysts haven't budged off their optimism. They still see QCOM rising to $96. As James Brumley detailed recently, there's a strong case that Qualcomm stock can get there. 5G optimism (and potentially U.S. government support) and the company's significant intellectual property holdings underpin that bull case. * 7 High-Quality Cheap Stocks to Buy With $10 Of late, it looks like investors see the sell-off as overdone, but that won't be enough. The market will need to agree with analysts that the Apple deal was as transformative long-term as Wall Street seemed, and still seems, to believe. If that comes to pass, QCOM should return to those April highs. International Game Technology (IGT)Source: Charrua NYC via YouTube (Modified)Average Target Price: +64%I've long thought gaming analysts were one of the better groups on the Street, and one of their top picks is integrated gaming supplier International Game Technology (NYSE:IGT). Given that I personally own IGT shares, I'm inclined to agree.There are some risks here that have hit IGT shares lately. Notably, the company still has extensive exposure to Italy, where it runs both lottery and gaming options, and there are increasing fears that country could leave the E.U. or find further ways to squeeze out more money to fund its ongoing deficits. Debt is still significant. Q1 results were somewhat mixed, keeping intact IGT's reputation for inconsistent performance. And outside of Italy, IGT still is dependent on economically sensitive casinos at a time when global macro worries clearly are mounting.Meanwhile, sector analysts look relatively optimistic across the board. Fellow integrated supplier Scientific Games (NASDAQ:SGMS) would need to rise roughly 50% to hit Wall Street's average target. Analysts see big upside in U.S. names like Boyd Gaming (NYSE:BYD) and Penn National Gaming (NASDAQ:PENN). Even Macau-focused names like Wynn Resorts (NASDAQ:WYNN) and Las Vegas Sands (NYSE:LVS), whose bulls have sometimes criticized the Street for being overly cautious toward that volatile market, generally see outperform and buy ratings.All that said, IGT still looks intriguing here. It's cheaper than other suppliers. Its long-struggling slot business in the U.S. is showing signs of life. The Italian business is locked in through the middle of the next decade. Upfront payments required to secure the contract are done, meaning the company should drive impressive free cash flow in the coming years. A 6%+ dividend yield helps the case as well.Given the amount of debt used in the industry, and just how quickly fortunes can turn in a recession, gaming analysts usually are well aware of risk. In the case of IGT, they know the risks but still see upside, something investors should keep in mind. Splunk (SPLK)Source: Web Summit Via FlickrAverage Target Price: +28%The upside that Wall Street sees in software data play Splunk (NASDAQ:SPLK) isn't that impressive on its face; 28% returns are nothing to sneeze at, of course. But many SaaS (software-as-a-service) stocks have done better in recent years, and there is no shortage of stocks that analysts seem to like better than SPLK.But what's interesting about SPLK is that its trading relative to the Street has been much different than that of many other dearly valued, high-growth software plays. Workday (NYSE:WDAY), Shopify (NYSE:SHOP), Zoom Video Communications (NASDAQ:ZM) and Paycom Software (NYSE:PAYC) all trade above Wall Street targets. This has been a category where analysts usually have been playing catch-up, trying to match targets to steadily increasing valuations.Yet SPLK largely has been left out of late: the stock is up just 3.4% over the past year. And that might set up an interesting opportunity, either as a trade or an investment. Splunk stock isn't cheap, but its growth remains impressive. It's coming off a nice first-quarter beat that still wasn't quite enough to impress investors. * 7 A-Rated Stocks to Buy Under $10 Investors have looked to SaaS stocks as a way to buy growth at almost any price. But with valuation concerns now rising for stocks like SHOP and ZM, SPLK may be seen as a way to get exposure to big growth at a relative discount. Certainly, more than a few analysts see it that way. If other plays in the sector keep rising, and that sentiment finds its way back to Splunk stock, analysts might again have to play catch-up with SPLK. Diamondback Energy (FANG)Source: Shutterstock Average Target Price: +58%To be sure, investors in oil and gas stocks like Diamondback Energy (NASDAQ:FANG) need to take analyst targets with a grain of salt. There are literally dozens of O&G plays where analysts see huge upside.Here, too, analysts may be a bit late in updating models, particularly after the recent pullback in crude oil prices. But this is a space where, for small- and mid-cap stocks in particular, analyst targets can suggest 100%+ upside. (At the moment, that's true for Encana (NYSE:ECA), Bonanza Creek (NYSE:BCEI), and Callon Petroleum (NYSE:CPE), to name just three.)Still, as far as larger producers go, Diamondback and Concho Resources (NYSE:CXO) look to be the top picks. And that sentiment improved just a few weeks ago amid the bidding war for Anadarko Petroleum (NYSE:APC) between Chevron (NYSE:CVX) and Occidental Petroleum (NYSE:OXY).Falling crude prices have dimmed enthusiasm somewhat, but as I wrote last week, there's still a strong case that Diamondback could be a takeover target for one of the major oil players. Results have been strong lately, with a cheap valuation (8x forward earnings) supporting the case for FANG on its own. Oil analysts might look a little too optimistic toward the industry as a whole, but I think they've got it right when it comes to FANG. Tesla (TSLA)Source: Tesla Average Target Price: +33%More than a few analysts have turned bearish on Tesla (NASDAQ:TSLA) of late. Most notably, in May, two different firms released bear-case fair value estimates of $10 and $36, respectively.While I'm not quite that pessimistic toward Tesla, I continue to agree more broadly with those analysts. I still think, as I wrote last week, that Tesla stock is sharply overvalued. Execution and strategy have been subpar under CEO Elon Musk, who clearly has lost the trust of more than a few investors.But for both bulls and bears, it's important to remember that Wall Street on the whole still has a bullish take on TSLA stock. The average target price sits at $283, even with a few headline-grabbing reductions in recent weeks. Only seven of 23 analysts rate TSLA a sell or an underperform.Whether Street support is good news for TSLA stock is up for debate. The fact that many analysts see upside in the stock raises the risk of another earnings miss with the second-quarter report, likely coming in late July. More downgrades and target price cuts could restart the pressure on the TSLA stock price. * 7 U.S. Stocks to Buy With Limited Trade War Exposure But the fact that analysts -- nearly all of whom have extensive experience in the auto industry -- still back the stock might be proof that the story isn't as simple as bears make it out to be. There's still a bull case for Tesla stock, which means, as we've seen in recent sessions, that there are still potential buyers out there. Palo Alto Networks (PANW)Source: Shutterstock Average Target Price: +41%Cybersecurity leader Palo Alto Networks (NYSE:PANW) reported second-quarter earnings in late February, and handily beat analyst estimates. PANW stock climbed to an all-time high the next day.But I wrote at the time that the headline numbers hid potential risks and those risks have come to pass. Q4 guidance along with earnings at the end of last month disappointed. Valuation had become stretched, and has come in. PANW stock has dropped some 24% from those highs.And with the pullback, PANW does look more intriguing. It's still one of the more attractive plays on what should be a growing cybersecurity space. It trades below 30x FY20 earnings-per-share consensus backing out its net cash. Luke Lango called PANW a "steal" below $200, and analysts appear to agree. The average price target suggests strong upside, even if some analysts may be looking to update their models following third-quarter numbers.To be sure, there are still some modest concerns about the space on the whole. But PANW looks like it's putting in a bottom, and a modest change in sentiment could lead to a nice rebound from current levels. Allergan (AGN)Source: Everjean via FlickrAverage Target Price: +41%At the end of May, shares of Allergan (NYSE:AGN) touched their lowest levels in almost six years. And there are worries here, and risks of further decline. Cash cow Botox faces potential competition from Revance Therapeutics (NASDAQ:RVNC). The 2017 acquisition of Zeltiq Aesthetics has turned out to be a significant miss, as revenue from that company's CoolSculpting has stalled out. Meanwhile, broader questions about the company's pipeline persist.But Wall Street, at least, sees the selloff as overdone. The lowest of 19 price targets for AGN still suggest double-digit total returns, including the company's 2.3% dividend yield. And analysts might be right here. AGN stock is awfully cheap, at less than 8x 2019 EPS estimates. Debt is worth noting, but still manageable. The company's Vraylar just won Food and Drug Administration approval to treat bipolar depression. * 7 High-Quality Cheap Stocks to Buy With $10 The concerns here are real, to be sure. But AGN still has a diversified portfolio, it still has potential in aesthetics and now it looks awfully cheap. Wall Street knows the problems facing the company as well as anyone, yet they're still on Allergan's side. Perhaps investors should be as well, particularly near the lows.As of this writing, Vince Martin is long shares of International Game Technology, and has a bearish hedged options position in Tesla. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Quality Cheap Stocks to Buy With $10 * 7 U.S. Stocks to Buy With Limited Trade War Exposure * 6 Growth Stocks That Could Be the Next Big Thing Compare Brokers The post 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 appeared first on InvestorPlace.
When looking for the best artificial intelligence stocks to buy, investors should expand their search to unexpected fields. Salesforce.com and Trade Desk are among AI stocks on IBD's radar.
Fortinet's (FTNT) Security Fabric solutions will not only boost Nubank's growth, but also secure its AWS cloud environment.
The Sunnyvale company's valuation soared to around $12 billion in its first day as a public company, nearly quadruple what it was last figured to be worth by private investors and roughly the same as much larger rival Symantec Corp.
The company's initial market cap of about $6.7 billion is well above the previous high set by Santa Clara-based Palo Alto Networks, which was worth about $2.5 billion on its IPO day in 2012.
Despite huge spending on cybersecurity, data breaches continue. But new "zero trust" models could usurp firewalls as the best way to stop cyberattacks and ensure insiders are secure.
Insider Monkey has processed numerous 13F filings of hedge funds and successful investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the first quarter. You can find write-ups about an individual hedge fund's trades on numerous financial news […]
The San Jose company has grown from about 140 employees when it raised its last round of funding in February 2018 to about 250 today. It expects to double that number in the next 12 months.