|Bid||206.82 x 1100|
|Ask||207.24 x 800|
|Day's Range||203.49 - 207.59|
|52 Week Range||148.41 - 239.50|
|Beta (3Y Monthly)||0.75|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 25, 2019 - Mar 1, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||243.40|
Analysts at BMO upgraded the stock to outperform from market perform and slapped a $240 price target on the stock. The new target is up from the previous $205 target and implies almost 20% upside from current levels. UBS went a step further, boosting its price target from $232 to $250 and upgrading the name to a buy rating in the process.
Palo Alto Networks stock won two analyst upgrades on views that it will gain share in the cybersecurity "firewall" market as its subscription revenue growth also accelerates. Palo Alto stock gained in early trading on Tuesday.
See who joins Netflix, Workday, Palo Alto Networks and ServiceNow on this list of today's fastest-growing companies, showing 51% to 922% earnings growth.
BMO Capital Markets' Keith Bachman upgraded Palo Alto from Market Perform to Outperform with a price target lifted from $205 to $240. Both Palo Alto and Fortinet will continue taking advantage of the growing network firewall market as enterprises will continue refreshing their systems, Bachman said in the research reports.
In this daily bar chart of PANW, below, we can see a positive-looking chart before today's price strength. PANW is above the rising 50-day moving average line and just closed above the flat to slightly rising 200-day line. The daily On-Balance-Volume (OBV) line shows a decline from September to late November telling us that sellers were more aggressive, but the line has improved since early December telling us that buyers have turned more aggressive.
The stock market stumbled in morning trade Tuesday with the Dow Jones industrials falling about 150 points. Nike stock was upgraded to buy.
A snapshot of the IBD 50 shows that return on equity, a key earnings gauge, has risen sharply in recent years. But ROE alone should not be used in choosing stocks to buy.
These tech players could rise at least 20% during a time of heightened market volatility, says Morgan Stanley.
Morgan Stanley highlights three software stocks that can outperform even during a "slowing macro environment," thanks in part to a focus on recurring revenue streams.
Corporate spending on technology will stay strong in 2019 and that'll be a plus for Salesforce.com, Palo Alto and Microsoft, says Morgan Stanley. Microsoft stock was rated a top pick.
Software sector analyst Keith Weiss shared the firm’s top picks for 2019, which included (MSFT) (ticker: MSFT), (CRM) (ticker: CRM), and (PANW) (PANW). The analyst said software earnings tend to be more resilient versus other industries and the sector’s valuation is near its historical averages. “These revenues should remain relatively durable even in volatile markets,” he wrote.
Palo Alto Networks (NYSE:PANW) was quite a story when it hit the markets a little over six years ago. By the time its first year was over, PANW stock was on its way. Since its IPO, it's up more than 260%, or more than 45% a year for more than half a decade. But 2018 was a tough year for PANW for a couple of reasons. First, it got caught up in the big tech selloff. That wasn't something it could control, but that didn't really matter. It happened all the same. InvestorPlace - Stock Market News, Stock Advice & Trading Tips However, in the past 12 months the stock is up 27%, so it wasn't a disaster. And sales of upgrades for its current product line was up 30%. The numbers were solid, but there has been concern in the sector that a slowing economy may hamper enterprises' desire to prioritize cybersecurity in their budgets. ### Leadership Changes for PANW Stock Second and more specific to PANW is the shift in leadership in the company and what's in store for the future of the company. * 10 A-Rated Stocks the Smart Money Is Piling Into Last year, PANW got a new CEO in Nikesh Arora, a former executive at Japanese tech conglomerate SoftBank. Later in the year, Amit Singh was brought on board as president. He is a former VP of business and operations in emerging computing platforms at Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL). First, analysts were concerned that neither of these two leaders had strong cybersecurity backgrounds. And then there was the issue with shareholders voicing their disdain for the $125 million pay package offered to Arora for a mere 39 business days of work in 2018. There was also some concern that Arora's pay package is built around PANW stock price, and that meant there may be significant M&A activity to spike the potential value of shares. But Arora and his management team have been reaching out to large shareholders and analysts to explain what their real plans are. This has helped calm some of the consternation that was showing up in PANW's stock price. There was also concern that PANW was going to have to enter the cloud security market after significantly disrupting the firewall enterprise market. This transition is another point of concern for analysts. However, PANW has already spent $500 million in the sector to beef up its offerings, so this is more a matter of executing than it is buying more cloud security assets. But a similar sized competitor -- Fortinet (NASDAQ:FTNT) -- is also going through the same transition. What's more, Palo Alto is also looking to move into the telecom sector, where FTNT is already positioned. Any market share PANW stock can get is a win for the company. As for the M&A concerns, Palo Alto leadership has said it's not looking for blockbuster deals, but rather small deals that will help it transition into the new markets it wants to enter. Ultimately this is more a pivot than a restructuring of the company, and the new leadership has a new skill set as well as holding onto the core cybersecurity talent it has built over the years. Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Key Emerging-Market Stocks to Buy for Contrarian Investors * 7 Stocks at Risk of the Global Smartphone Slowdown * 7 Pharmaceutical Stocks That Just Raised Prices This Year Compare Brokers The post Are the Analysts Right About Palo Alto Stock? appeared first on InvestorPlace.
# Palo Alto Networks Inc ### NYSE:PANW View full report here! ## Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate ## Bearish sentiment Short interest | Positive Short 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 flow ETF/Index ownership | Positive ETF activity is positive. Over the last month, growth of ETFs holding PANW is favorable, with net inflows of $12.79 billion. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing. ## Economic sentiment PMI by IHS Markit | Negative According 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, and is easing. ## Credit worthiness Credit default swap CDS 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.
The partial federal government shutdown could impact the revenue of technology companies, while cybersecurity software providers seem better positioned to weather any spending cuts.
Palo Alto Networks (PANW) closed the most recent trading day at $179.60, moving -1.97% from the previous trading session.
The ongoing trade war between the U.S. and China has been a primary cause of stock market volatility in a disappointing year on Wall Street in 2018. Tech investors view the 90-day delay of President Donald Trump’s Chinese tariff hikes until March 1 as a ticking clock, Ives said in a note. Over the weekend, U.S. Trade Representative Robert Lighthizer said there will be no additional delays in the tariff hikes beyond March 1 if a trade deal with China is not reached.
NEW YORK, Dec. 31, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
Nikesh Arora, CEO at Palo Alto Networks, joins "Squawk Box" at the World Economic Forums at Davos to discuss data security and the digital future.