230.50 +0.82 (0.36%)
Pre-Market: 5:16AM EDT
|Bid||230.00 x 1000|
|Ask||0.00 x 800|
|Day's Range||229.29 - 232.93|
|52 Week Range||135.85 - 239.50|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 19, 2018 - Nov 23, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||253.61|
Shares of cybersecurity company Symantec (SYMC) rose 4.3% on September 18. Symantec shares have fallen 26% in 2018. At that time, Symantec revealed that it was launching an internal investigation into concerns raised by a former employee.
Palo Alto Networks (PANW) closed the most recent trading day at $234.07, moving +0.9% from the previous trading session.
Fortinet Inc (NASDAQ: FTNT ) shares have doubled year-to-date, sending UBS to the sidelines. The Analyst Analyst Fatima Boolani downgraded shares of Fortinet from Buy to Neutral and lifted the price target ...
Palo Alto Networks’ (PANW) billings have continued to grow in the last five quarters, driven by strong overall bookings growth. As shown in the graph below, it has also maintained a strong bill-to-revenue ratio above 1.0x, which is a healthy sign for the company’s business. The ratio indicates that the company is winning a huge number of deals, which could drive its future revenue.
Of the 38 analysts covering Palo Alto Networks (PANW) on September 10, 27 recommended “buy,” eight recommended “hold,” and two recommended “sell,” as shown in the graph below. One analyst rated it as “overweight.”
Palo Alto Networks (PANW) has continued to expand its business globally, driven by its strong product portfolio. Its acquisition of Evident.io and Secdo in fiscal 2018 enhanced its high-demand cloud and endpoint security services.
Palo Alto Networks (PANW) has continued to generate strong FCF (free cash flow) across all of its segments, boosted by its solid revenue growth, order backlog, and steady subscriber growth. In the last five quarters, it has added ~14,500 customers.
On September 10, Palo Alto (PANW) was trading at a forward EV1-to-sales multiple of ~7.13x, ~58% higher than the industry average. Meanwhile, peers Fortinet (FTNT), Splunk (SPLK), and FireEye (FEYE) had forward EV-to-sales multiples of ~6.8x, ~8.93x, and ~3.3x, respectively, as shown in the graph below.
Palo Alto Networks’ (PANW) subscriber growth has been stable, maintained by increasing demand for its cybersecurity products. Its advanced firewalls and other threat intelligence products, such as VM-Series, Traps, AutoFocus, Aperture, Magnifier, GlobalProtect, Logging Service, and Evident, have secured a huge number of contracts. The company’s three key products—threat prevention, URL filtering, and WildFire—are widely used.
Palo Alto Networks’ (PANW) application framework provides constant support for customers. Palo Alto’s security products aim to offer companies better integration of security features, saving time and improving efficiency. Palo Alto’s products are relatively easy to deploy, and the company’s strategic partnerships with cloud providers such as Amazon (AMZN) Web Services and Microsoft’s (MSFT) Azure may help distribute products to customers at a low cost.
Cybersecurity company Palo Alto Networks (PANW) is expanding its product portfolio, adding new and updated products. In the last year, the company has launched updated versions of almost every one of its next-generation firewalls. It has also offered new solutions to clients. Palo Alto’s firewalls, combined with cloud-based subscriptions and technology, provide high-end network security protection, helping clients avoid implementing multiple-point cybersecurity solutions.
On September 6, Palo Alto Networks (PANW) reported better-than-expected fiscal Q4 2018 results and forecasted that the current quarter results will come in above estimates. What makes Palo Alto Networks leaders optimistic? First, Palo Alto Networks made leadership changes recently, where former Google executive Nikesh Arora was brought in as chief executive officer in June.
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. Over the last month, ETFs holding PANW are favorable, with net inflows of $3.43 billion.
Palo Alto Networks (PANW) seems well-positioned for future earnings growth and it is seeing rising earnings estimates as well, coupled with a solid Zacks Rank.
Strong results, a fast-growing industry, and a new high-profile CEO at the helm were the high points at fiscal year-end.
In the latest trading session, Palo Alto Networks (PANW) closed at $234.11, marking a -0.72% move from the previous day.
NEW YORK, NY / ACCESSWIRE / September 11, 2018 / U.S. markets were mixed Monday, with the Nasdaq and S&P 500 closing in the green as the technology sector rallied. The Dow Jones Industrial Average declined ...
The stock market opened higher Monday, as it looked to rebound from last week's losses, but tech stocks lost steam. Apple extended a losing streak with a 1% fall.
Surprise! Cybersecurity giant Palo Alto Networks (NYSE:PANW) reported yet another double-beat-and-raise quarter, and, as a result, PANW is rallying. During that stretch, PANW stock has nearly doubled. While that won’t necessarily stop this stock from going higher as long as the company’s financials remain strong, it does create additional risks and will make it difficult for PANW to double again over the next six quarters.