|Bid||237.77 x 1200|
|Ask||243.70 x 800|
|Day's Range||239.63 - 243.12|
|52 Week Range||160.08 - 260.63|
|Beta (3Y Monthly)||0.75|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jun 3, 2019 - Jun 7, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||279.41|
How Network Systems Vendors Are Working to Drive Growth(Continued from Prior Part)Cisco wants to drive tech innovation Cisco Systems (CSCO) recently announced a plan to invest around $11 million to grow its business in Canada. The investment will go
Fortinet, the IBD Stock Of The Day, is near a buy point as several other cybersecurity stocks have already broken out. Here's a strategy for playing a Fortinet breakout.
Zacks.com featured expert Kevin Matras highlights: Columbia Sportswear, Tactile Systems Technology, Wright Medical, Carbonite and Palo Alto Networks
If you want to invest in cybersecurity for big-time growth off and on the price chart, it's time to go with well-positioned up-and-comers Palo Alto Networks (NYSE:PANW) and Fortinet (NASDAQ:FTNT). They're not entirely two peas in a pod, but cybersecurity plays PANW stock and FTNT stock do share a good deal in common. And that's a good thing for bullish investors looking to profit from an industry, which sadly enough, is well situated for continued secular growth in an era of ever-increasing inter-connectivity and the very real cyber threats that come with it.Source: Shutterstock To be sure, investors could go with a safer name like networking-tech giant Cisco (NASDAQ:CSCO) rather than buying PANW or FTNT stock. CSCO has been busy the past couple years aggressively positioning itself within the cybersecurity space. And that's not all. Given CSCO's $231 billion market cap, the idea Cisco could one day be the biggest player in cybersecurity. Wall Street has also been very approving of Cisco's efforts. Shares hit all-time-highs this week and are up 23% in 2019.Still, if it's more secure explosive growth you're after -- PANW stock and FTNT stock are today's real leaders in cybersecurity and readying for purchase right now.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Cybersecurity Buy 1: PANW Stock While Cisco obviously has certain alluring qualities to it, eye-popping top-line growth isn't one of them. Also, given CSCO's massive girth and decades as a publicly-traded company, even as it builds its cybersecurity portfolio, it's going to be hard for shares to pull off a second act similar to dot-com era. That's in sharp contrast to PANW stock.Off the price chart, in late February, Palo Alto delivered in spades with its earnings report. The outfit boasted double-digit top-line growth, easy profit and revenue beats and issued guidance comfortably above Street forecasts. Be warned though, shares aren't cheap as InvestorPlace's Vince Martin notes. Still, the caveat of stock compensation concerns or other strict value metrics are far from unique when it comes to owning a company like PANW stock which is well-positioned for growth. * 7 Stocks to Buy With High ESG Momentum On the price chart -- and unlike CSCO which is still trying to muscle past its all-time-highs from the dot-com boom, PANW has only been around for several years and boasts a large, but not outsized market cap of $23 billion. Palo Alto's squiggly price line is still more or less in the growth stage of finding sponsorship and interest from Wall Street. But here the story gets even better. Click to EnlargeAs the monthly view of PANW stock shows, following last month's well-received earnings report shares broke out of a surly base-on-base cup pattern. On its own, that's bullish. More recently, the past couple weeks have resulted in a successful test of the breakout with Palo Alto finding technical support near the prior highs. In our view, that's the icing on the cake for a safer entry into Palo Alto shares.With PANW trading around $244 and sporting a supportive stochastics set-up, shares are in position to be purchased today. For managing exposure and in the event Vince Martin's worries come home to roost, I'd suggest using a blended stop-loss of 8%. This does a good job of containing risk and exiting the position if new relative lows (with some wiggle room) are secured beneath the defined pattern support on the price chart. Cybersecurity Buy 2: FTNT Stock FTNT stock is our second buy recommendation inside the cybersecurity universe. Similar to PANW stock, Fortinet doesn't have the aforementioned undesirable baggage of Cisco. For starters, shares have only been available to trade since late 2009. And sporting a market cap of just $14 billion, FTNT stock is an obvious threat with the potential to grow substantially larger over time.And there's more yet to like about Fortinet's future too.Off the price chart FTNT stock's latest earnings confessional in early February boasted strong all-around results punctuated by a massive turnaround in profitability and solid top-line double-digit growth. And as with Palo Alto shares, on the price chart, a pattern for future success is shaping up today. Click to EnlargeLooking at the monthly chart of FTNT, shares are currently forming a cup-with-handle pattern of about five months in duration. That's bullish, but that's not all either. With Fortinet stock's base having its origins in the market's broad-based correction in late 2018, the pattern's depth of 32% while retaining its uptrend and remaining above its prior base high is all the more impressive. * 7 Winning High-Yield Dividend Stocks With Payouts Over 5% Now and as FTNT stock looks to establish a bonafide handle, shares should be monitored for a breakout purchase above $88.60. Again and as with PANW stock, if Fortinet falters technically and fails to move the needle on its market cap, I'd suggest a stop-loss. My recommendation is the security offered by an exit beneath FTNT's pattern low of $79.68 which does a great job of managing risks on and off the price chart.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional options-based strategies, related musings or to ask a question, you can find and follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 15 Stocks Sitting on Huge Piles of Cash * The 10 Best Stocks to Buy for the Bull Market's Anniversary * 7 Dividend Stocks With Big Yields Compare Brokers The post How to Find Safety Inside PANW Stock and FTNT Stock appeared first on InvestorPlace.
The Zacks Analyst Blog Highlights: Check Point, Qualys, Fortinet, CyberArk Software and Palo Alto Networks
The stock market's uptrend remains in strong shape through middle of March, even as the distribution day count is high. More top stocks have made nice progress since early January.
Palo Alto Networks, Inc. (NYSE:PANW), a large-cap worth US$23b, comes to mind for investors seeking a strong and reliable stock investment. Risk-averse investors who are attracted to diversified streams ofRead More...
Here are a few top-ranked stocks that are well poised to make the most of the opportunity provided by the rapidly growing cybersecurity industry.
The best mutual funds have been buying cybersecurity stocks like CyberArk and Palo Alto Networks, and have placed billion-dollar bets on Microsoft and Splunk.
Stock futures: The market rebounded Monday, with Palo Alto Networks and Adobe among top software stocks reclaiming buy points. Coupa Software beat earnings views late.
Former Intel Capital Managing Director Ken Elefant is now investing with another veteran of the chip giant's venture wing that is among a record number of 'micro-funds' that have emerged in recent years.
The stock market was sharply mixed early Monday, as Boeing stock weighed on the Dow Jones industrials. Apple stock gained over 2%.
To outperform, you've got to zig when managers of other mutual funds zag, says ClearBridge's Margaret Vitrano.
Enterprises are spending more and more on cybersecurity. Shares of each were roughly flat on Friday, with Cisco closing out the week at $51.07 and Palo Alto Networks at $234.63. Based on a survey of enterprise spending, cybersecurity budgets are projected to grow about 20% year-over-year in 2019, he noted.
Palo Alto Networks (NASDAQ:PANW) stock has had quite a wild ride since the beginning of Q4 last year.Source: Shutterstock Things were looking good for Palo Alto for most of 2018, until the tech selloff started. PANW stock slid more than 40% into the end of the year.But that's why its current three-month performance of nearly 30% and its year to date return of 25% is testament to the real inherent value in the stock, beyond the broad based sector moves.InvestorPlace - Stock Market News, Stock Advice & Trading TipsPalo Alto reported it fiscal Q2 earnings in late February and they only accelerated PANW stock's flight back beyond last year's highs.Its Q2 loss was $2.6 million (3 cents a share) compared to a loss of $25.6 million (28 cents a share) in the same quarter last year. Earnings came in at $1.51 a share and the analysts were expecting $1.22. Revenue was $711.2 for the quarter -- compared to same quarter last year of $545.6 -- and the analysts were expecting $682.1. * 7 Dow Jones Stocks to Buy Billings for the quarter rose 27% compared to the same quarter last year. And guidance for the coming quarter is comfortably higher than current analysts' expectations, which is a bullish sign.Adding to all this, in the quarterly announcement Palo Alto announced that it will be buying back $1 billion in stock in coming quarters. That will also help boost earnings and share prices, as less stock will be available for the increasing demand. PANW Stock's StrengthsPANW has been around for about 14 years now, so it's not an upstart. And its $22 billion market cap also places it near the top of the heap of dedicated cybersecurity companies.As more of our lives becomes digitized, opportunities for cybersecurity companies continue to expand. But once companies reach a certain size, the pieces of security they have purchased for various platforms or divisions starts to become an unmanageable mess. Unifying security as much as possible becomes a very attractive idea for many enterprise-level companies.And PANW is addressing this challenge with its Cortex platform, which is already deployed to some of its top clients. It also has been on the acquisition trail, with five acquisitions in the past year.The most recent is cutting-edge SOAR -- security orchestration, automation and response -- security firm Demisto for $560 million. Each of these acquisitions is focused on building a robust one-stop shop for integrated security platforms.While this shows that PANW knows the needs of its customers and is actively adapting to them, it also is well versed in how best to derive value for its shareholders.It didn't need too much time to see that it was a much better idea to sell its products as subscription services rather than outright purchases. This makes recurring revenue much more stable than having to reach out with every new upgrade or new hardware iteration and try to resell customers.This subscription-based model is quickly becoming the industry norm for cybersecurity firms. And as usual, PANW stock is ahead of the game.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 * 7 Dividend Stocks Already Rewarding Shareholders In 2019 * The 10 Best-Performing ETFs This Year * 7 Stocks That Should Be Worried About a Data Dividend Compare Brokers The post Even After Its Run, Palo Alto Still Has Massive Upside appeared first on InvestorPlace.
The cybersecurity platform specialist announced strong quarterly results and encouraging forward guidance last month. Here's what investors need to know.
Headlines are multiplying about the market's first three-day pullback of 2019. This week's rout marks the first real victory for sellers in 2019, and, more importantly, the year's first buy-the-dip opportunity. Today we'll look at three of the best stocks to buy while the Street runs scared.Retracements, like those seen this week, are what sustainable uptrends are made of. Without them, uptrends become parabolic and dangerous. Lacking support, they are vulnerable to sharp descents when the tide turns. Smart traders should embrace the bout of profit-taking and the new support zones that will soon be created.While the sell-fest may persist for a few days yet, the health of the market this year with its accompanying expansion in breadth and sentiment demands optimism. View this dip as a buying opportunity.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks That Should Be Worried About a Data Dividend I've scoured the market for the strongest market leaders and discovered three which are now providing attractive entry points. Boeing (BA) Click to Enlarge Source: ThinkorSwim Large-cap lovers recaptured their affection for Boeing (NYSE:BA) when the aerospace juggernaut finally broke out of its year-long range last month. A rosy earnings announcement sparked the surge and the follow-through seen since has been breathtaking.This week's market weakness finally ushered in a well-deserved bout of profit-taking and BA stock is working on its fourth straight down day this morning. Boeing shares are testing the rising 20-day moving average which may provide support. Even if it doesn't, other potential floors loom close, so bet against buyers at your peril here.If you're looking for a high probability bet, then sell the April $400/$395 bull put spreads for $1.15. Palo Alto Networks (PANW) Click to Enlarge Source: ThinkorSwim Palo Alto Networks (NYSE:PANW) boasts an uptrend that may even be prettier than Boeing's. And that's saying something. Even though the PANW stock was up a mouth-watering 30% ahead of last month's earnings release, it still gapped 10% higher the next morning.The large gap ended with a-sell-the-news reaction that has since ushered the stock back to its gap area. Multiple support levels reside in this area including a now-filled gap, old resistance and the rising 20-day moving average. Yesterday's doji candle signaled a potential upside reversal in the offing, and today's rally is confirming the turnaround. * 7 Dow Jones Stocks to Buy With implied volatility at a lowly 17th percentile, long option plays are the way to go. Buy the April $240/$250 bull call spread for $4. Intuit (INTU) Click to Enlarge Source: ThinkorSwim This year's price action in Intuit (NASDAQ:INTU) has mirrored that of PANW. And that makes it qualify as one of the best stocks to buy right now. It experienced a sharp two-month rise that exploded to new all-time highs following a robust earnings release. Since then INTU has formed a high base pattern.The sideways pause has allowed overbought pressures to ease and the 20-day moving average to play catch-up. With the four-day pullback, INTU stock is now at the lower end of its tight range. Traders have two potential entry points -- buying above today's high or waiting for a breakout over $252.Either way, bull call spreads are my weapon of choice here. Buy the April $250/$260 bull call for $3.50.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks That Should Be Worried About a Data Dividend * 5 Cheap ETFs Worth Considering * 7 Cheap Stocks Under $5 That Could Soar Compare Brokers The post 3 Market-Leading Stocks to Buy With Red on the Street appeared first on InvestorPlace.
Among the IBD 50 stocks to watch, cybersecurity leader Fortinet is near a potential buy point in today's stock market action.
Palo Alto Networks, Inc. (PANW) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
More than once over the course of the past couple of years I've touted FireEye (NASDAQ:FEYE) as an underappreciated rags-to-riches prospect. I'm sticking with that stance too. The need for cybersecurity has never been greater, and FireEye has finally found a winning formula with customers. If a barely profitable company and inconsistent stock aren't quite your thing, however, bigger rival Palo Alto Networks (NYSE:PANW) will plug you into the same basic trend with a lot less stress.Source: Shutterstock Indeed, PANW stock has already proven to be a superior performer, blasting to record highs last week on the heels of a huge fiscal Q2 earnings beat.However, the bullish case for Palo Alto Networks stock has ultimately just became a simple but powerful two-pronged thesis.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Repeat BusinessIt's a crowded but complex field, largely led by names like Palo Alto, FireEye and Check Point Software Technologies (NASDAQ:CHKP). All told, the cybersecurity market is worth roughly $140 billion per year. But, the paths to that revenue are numerous, and what technically qualifies as "cybersecurity" can be a bit fuzzy at times.It's that fuzziness that actually made FireEye and then Palo Alto what they are today. * 10 Hot Stocks to Buy Right Now At the time it was seen as corporate suicide. FireEye's early loss-making days were pushed even deeper into the red by a string of seemingly disparate and uncomfortably expensive acquisitions. There was always a method to the madness though. In 2016, the company finally began to weave all those different tools together into one single platform called Helix, and began "renting" cloud-based access to those constantly updated tools rather than selling them as one-time purchases.That business model has created a recurring revenue machine that's expected to lead FireEye to its first-ever full-year profit in 2019.Palo Alto had already borrowed that play from FireEye's playbook though, even if it applied the idea a bit differently. Rather than offering cloud-based access to cybersecurity tools, much of Palo Alto's subscription revenue is specifically linked to its hardware, it now accounts for roughly two-thirds of the company's business.Clearly, subscription revenue leads to much more certainty regarding cash flows and earnings. Game-Changing Predictive ProductThe other way Palo Alto Networks now offers investors a tough choice: Its Cortex AI product is being called -- at least by Palo Alto -- "the industry's only open and integrated, AI-based continuous security platform."The essence of the statement is true, though it also glosses over the fact that FireEye's threat-detection platform is founded on machine-learning algorithms. Though not 'open' to the degree Palo Alto's Cortex system is, the need for openness remains to be fully seen.Nevertheless, it's a development that at least some existing FireEye users will be checking out as an impressive alternative. Some already have, in fact. Managed security services providers BDO, Critical Start, ON2IT, PwC and Trustwave have all already embraced Cortex, even before it had become available to customers.Jefferies analyst John DiFucci described Cortex AI as a "product stretching further than a typical endpoint detection and response product," helping to prod his price target on PANW from $249 to $296. BTIG analyst Joel Fishbein agrees, upping his target price on Palo Alto shares, and noting that the company's new product and comprehensive sales approach "signals its commitment to touching more realms of customer data but also its acknowledgment that clever tactics are necessary to do so." * 7 Cheap Stocks Under $5 That Could Soar It's difficult to not expect big things from the new product. Looking Ahead for PANW StockThere are still risks to be sure, not the least of which is the post-earnings surge that has left PANW stock. As Vince Martin pointed out last week, the 8% gain logged the day after earnings following the 46% rally from the stock's November low leaves shares ripe for profit-taking. We're already seeing that profit-taking take shape, although there's room for more downside.FireEye and Checkpoint are likely to counter as well. With what and how remains unclear, but no cybersecurity player rests on its laurels for long.Still, for investors that liked the idea of FireEye but just couldn't get past its historic losses and thin margins that are likely to persist for the foreseeable future, reliably profitable Palo Alto Networks just became an even stronger prospect.Just wait for the profit-takers to finish their business before wading into any new PANW position.As of this writing, James Brumley held a long position in FireEye. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Big Data Stocks That Deserve a Closer Look * 7 Best Energy Funds to Outperform the Market * 5 Blue-Chip Stocks Ready to Rise Compare Brokers The post 2 Reasons Palo Alto Networks Stock Is a Solid Alternative to FireEye appeared first on InvestorPlace.