PANW - Palo Alto Networks, Inc.

NYSE - NYSE Delayed Price. Currency in USD
+4.09 (+2.05%)
At close: 4:02PM EDT

204.00 +0.23 (0.11%)
After hours: 6:31PM EDT

Stock chart is not supported by your current browser
Previous Close199.68
Bid203.50 x 1200
Ask204.00 x 1000
Day's Range200.42 - 205.88
52 Week Range160.08 - 260.63
Avg. Volume1,336,139
Market Cap19.557B
Beta (3Y Monthly)0.87
PE Ratio (TTM)N/A
EPS (TTM)-0.85
Earnings DateSep 4, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est264.91
Trade prices are not sourced from all markets
  • Deutsche Bank: 3 Stocks With Over 30% Upside Potential

    Deutsche Bank: 3 Stocks With Over 30% Upside Potential

    In a series of recent research notes, German financial giant Deutsche Bank weighs in on three stocks with excellent return potential – on the order of 30% or more. Let’s take a close look at each of these companies, and at Deutsche Bank’s bullish stance.VMware (VMW)This cloud-based software company has been making headlines recently with its interest in acquiring Pivotal Software (PVTL). San Francisco-based Pivotal specializes in cloud applications and development tools; from the standpoint of fit, an acquisition could make sense and benefit both companies. It may also bring benefits to Dell Technologies (DELL), which owns controlling stakes in both companies. VMware, however, brings approximately 80% of Dell’s annual income.Of the potential merger, VMware released a statement saying in part, “VMware regularly evaluates potential partnerships and acquisitions that would accelerate our strategy. Pivotal is a long-term strategic partner and we’re already successfully collaborating to help enterprises in their application development and infrastructure transformation.”Deutsche Bank’s Karl Keirstead, a 5-star analyst on TipRanks, takes a generous view of the proposed M&A move: “The strategic logic is there, as PVTL’s focus on containerized workloads and its leading position as a development platform for new cloud-destined apps fits with VMware’s desire to shift its mix to container and cloud-native infrastructure technology.”Keirstead goes on to rate VMW as a Buy with a price target of $190, indicating a 31% upside potential. He says, as his bottom line, “VMware shares look attractive for a 10%+ growth story making all the right moves to stay relevant in a cloud-centric world.”Where does the rest of the Street side on this software maker? It appears mostly bullish, as TipRanks analytics demonstrate VMW as a Buy. Out of 6 analysts polled in the last 3 months, all 6 are bullish on VMware stock. With a return potential of nearly 37%, the stock’s consensus target price stands at $199. (See VMW's price targets and analyst ratings on TipRanks)Palo Alto Networks (PANW)Palo Alto hasn't had a great month, with shares falling nearly 13%. But things aren’t as bad as they may seem, argues Deutsche Bank’s Keirstead.Palo Alto Networks is a Silicon Valley cybersecurity company developing advanced firewall and secure-cloud systems. Cybersecurity is a vital – and lucrative – business in our modern age of digital information, but recent report by IBM underlines it for those have not been paying attention: malware attacks are up 200% so far this year.While business is good, the combination of US-China trade complications and a strong US dollar are putting downward pressure of the 2H19 outlook. And continuing churn among upper management at PANW also has investors worried. The company took on a new CEO last year, and the Executive VP of Worldwide Sales recently announced his own departure for the end of September.Keirstead, in a review of PANW, takes note of the executive turnover, and says, “This level of Sales change, combined with the 2018 additions of a new CEO and President, is unsettling, but we haven’t picked up evidence of a material tone downtick on PANW fundamentals from our checks and we reaffirm our BUY rating.” He goes to say, in his bottom line, “We still lean bullish. Our unchanged PT [is] $275...” That price target implies an upside of nearly 40%.Keirstead’s outlook is in line with the analyst consensus on PANW -- Strong Buy. The stock has received 20 'buy' ratings in the last three months, compared to just 2 'hold' and 1 'sell' ratings. Shares are priced at $198, so the average price target of $266.86 suggests an upside potential of 35%.Tapestry (TPR)Originally Coach, the familiar maker of purses and other accessories changed its name and ticker symbol back in 2017. In its fiscal Q4 earnings report last week, TPR met the expected EPS of 61 cents per share. Net sales revenue, however, missed the target by 1%, coming in at $1.513 billion instead of the forecast $1.534 billion. The gross annual profit was $1.017 billion was up from one year ago, but gross margins contracted slightly to 67.3%. In short, the earnings release was a mix of good and bad news.The stock price dropped sharply after the quarterly report, from $25 to $21. However, Deutsche Bank sees the lower price as a buying opportunity for an otherwise strong company.In his research note, 4-star analyst Paul Trussell says, “The Coach brand sustained its international momentum and saw a sequential acceleration in North Americ, reassuring investors that the brand remains healthy with its FCF generating power intact.” Trussell’s $33 price target reflects his confidence – it suggests an upside of 57% for TPR stock.Overall, TPR gets a Moderate Buy rating from the analyst consensus, based on a near-even split: 10 of the stocks recent reviewers have rated it a Buy, while 9 say to Hold. However, even the low-ball price target is higher than the current share price, so it would seem that even the skeptics see potential here. With shares trading at $20.97, the average price target of $28.44 implies an upside of ~38%. (See TPR's price targets and analyst ratings on TipRanks)

  • Company News For Aug 20, 2019

    Company News For Aug 20, 2019

    Companies in the news are: EL, PANW, WB and FULC

  • Motley Fool

    Why Zscaler, Palo Alto Networks, and PG&E Slumped Today

    See why these three stocks dropped on a positive day for the broader markets.


    Harvard University Sold Apple and Facebook Stock — and Bought Alphabet

    Harvard University’s endowment made some bold stock trades in the calendar second quarter. Harvard Management Co., or HMC, the entity that manages the endowment, oversaw $405 million in U.S.-traded equities as of June 30.

  • Palo Alto Stock Falls As Management Changes Continue Under New CEO
    Investor's Business Daily

    Palo Alto Stock Falls As Management Changes Continue Under New CEO

    Palo Alto Networks stock fell on Friday amid a report that another senior executive is leaving the cybersecurity company, which brought in a new chief executive officer in June 2018.


    [video]Palo Alto Networks Down Sharply On Resignation of Key Sales Exec

    Shares of the security firm fell late Friday after the company confirmed that its head of sales is leaving after three years.

  • Palo Alto Networks (PANW) Stock Sinks As Market Gains: What You Should Know

    Palo Alto Networks (PANW) Stock Sinks As Market Gains: What You Should Know

    Palo Alto Networks (PANW) closed the most recent trading day at $214.61, moving -0.91% from the previous trading session.

  • Unisys Rides on Deal Wins, Announces New Service Contracts

    Unisys Rides on Deal Wins, Announces New Service Contracts

    Unisys' (UIS) focus on security has resulted in several large contract wins in the recent years, which is driving the company's growth.

  • SYNNEX Ties Up With Sophos to Strengthen Endpoint Security

    SYNNEX Ties Up With Sophos to Strengthen Endpoint Security

    SYNNEX (SNX) looks to boost its cybersecurity portfolio via partnership with Sophos.

  • Cybersecurity Stocks To Watch Amid Shift To Cloud Computing Tools
    Investor's Business Daily

    Cybersecurity Stocks To Watch Amid Shift To Cloud Computing Tools

    Many cybersecurity stocks enjoyed a big run this year. But shifts in corporate spending to cloud computing could determine winners in 2020 and beyond.

  • Have Insiders Been Selling Palo Alto Networks, Inc. (NYSE:PANW) Shares This Year?
    Simply Wall St.

    Have Insiders Been Selling Palo Alto Networks, Inc. (NYSE:PANW) Shares This Year?

    It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...

  • Palo Alto Networks to Host Investor Event, Concurrent with the Announcement of Fiscal Fourth Quarter and Fiscal Year 2019 Financial Results, on Wednesday, September 4, 2019
    PR Newswire

    Palo Alto Networks to Host Investor Event, Concurrent with the Announcement of Fiscal Fourth Quarter and Fiscal Year 2019 Financial Results, on Wednesday, September 4, 2019

    SANTA CLARA, Calif., Aug. 8, 2019 /PRNewswire/ -- Palo Alto Networks (PANW), the global cybersecurity leader, announced today that it will host an Investor Event at TheTimesCenter in New York City on Wednesday, September 4 at 4:30 p.m. Eastern Daylight Time. Attendees will have the opportunity to speak with senior-level executives of Palo Alto Networks and participate in a Q&A session. As part of the agenda, Palo Alto Networks will discuss the company's financial results for its fiscal fourth quarter and full year 2019, ended July 31, 2019.

  • 6 Big Growth ETFs to Buy For the Second Half of 2019

    6 Big Growth ETFs to Buy For the Second Half of 2019

    The stock market is in selloff mode right now. The only two things the market cares about -- the trade war and interest rates -- aren't progressing as hoped. Trade tensions between the U.S. and China have escalated over the past few days, with U.S. President Donald Trump implementing new tariffs on more Chinese goods, and China responding by playing currency manipulation games directly aimed at hurting the U.S. At the same time, the Fed has expressed a more hawkish than expected tone with respect to future rate cuts.In response, stocks -- which marched 10% higher in June and July to all-time highs without ever retreating more than 2% -- have dropped 5% through the first few trading days of August.In the big picture, this sell-off is nothing more than a bull market gut check. It will ultimately pass and soon. By the end of the year, stocks should be materially higher than where they are today.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe recent round of tariffs is just a Trump chest puff in order to get the Fed to lower rates more aggressively. It will work. Renewed trade tensions between the U.S. and China will create more economic cross-currents, which will force the Fed to cut rates more aggressively. Once those rates go lower, Trump will probably pull some of these tariffs off the table because he doesn't want the trade war to get out of hand ahead of the 2020 election. China will stop playing currency manipulation games because they, too, don't want things to get out of hand since trade with the U.S. accounts for a significant chunk of their economic activity.Net net, by the end of the year, you will have reduced trade tensions and lower rates. That's a winning recipe for stocks, especially growth stocks which thrive in a low rate environment. * 10 Stocks to Buy on the Trade War Dip As such, growth stocks look like a good buy on this recent dip. By extension, growth ETFs also look a like good buy on this dip. Thus, let's take a look at six growth ETFs which look good for a second half 2019 rebound rally. First Trust Nasdaq Cybersecurity ETF (CIBR)Source: Shutterstock YTD Gain: 21%Percent off 2019 Highs: 8%The Big Idea: Cybersecurity spend globally will continue to rise, implying sustained big growth potential for cybersecurity companies, and this ETF gives you broad exposure to the world's most important cybersecurity stocks.Key Holdings: Cisco (NASDAQ:CSCO), Fortinet (NASDAQ:FTNT), Palo Alto Networks (NYSE:PANW), Splunk (NASDAQ:SPLK) and Okta (NASDAQ:OKTA)For the past several years, I have employed a saying which broadly encompasses the bull thesis on cybersecurity stocks: another day, another hack, another reason to buy cybersecurity stocks. Long story short, companies are increasingly accumulating data on their customers and storing that data in the cloud. This data is extremely valuable and often very personal. But because it's in the cloud, it is subject to being stolen by hackers. Thus, enterprises need to keep spending big on cybersecurity solutions to secure all that data, and the more hacks that happen in the world, the more companies will double down on cybersecurity spend to avoid such hacks.This is exactly what has happened over the past several years. Every company in the world is collecting and storing more data. But all that data keeps getting compromised. In 2016, Adult Friend Finder, Yahoo and Uber (NYSE:UBER) were the victims of big hacks. In 2017, it was Equifax (NYSE:EFX) and Verizon (NASDAQ:VZ) and in 2018, it was Marriott (NASDAQ:MAR), Twitter (NYSE:TWTR), Under Armour (NYSE:UAA) and Chegg (NASDAQ:CHGG). So far in 2019, the headline hack has been the Capital One (NYSE:COF) data breach, which exposed info on more than 100 million Capital One customers.As all these hacks have happened, cybersecurity companies have broadly benefited from consistently huge revenue growth. Palo Alto Networks reported 28% revenue growth last quarter. Fortinet was up at 18% revenue growth last quarter. Splunk? 36%. Okta? 50%. Even further, the whole industry has high gross margins, so big revenue growth is paving the path for huge profits at scale one day.Nothing about this secular growth narrative changes because of the trade war. Instead, the lower rates go, the more the lofty valuations underneath cybersecurity stocks will be justified. As such, the First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) -- which is a collection of the market's most important cybersecurity stocks -- should rebound in a big way from today's 8% selloff and head significantly higher into the end of the year and over the long run. First Trust Cloud Computing ETF (SKYY)Source: Shutterstock YTD Gain: 17%% off 2019 Highs: 9%The Big Idea: The cloud is the future of all enterprise workloads, yet only 20% of such workloads have migrated to the cloud, paving the path for sustained huge market growth in the long run -- and this ETF gives you exposure to the world's most important cloud stocks.Key Holdings: VMWare (NYSE:VMW), Salesforce (NASDAQ:CRM), Netflix (NASDAQ:NFLX), Amazon (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT)In the enterprise world, the cloud is the future of everything. Every single enterprise workload -- from crafting an email to creating a spreadsheet and everything in between -- can and should be done in the cloud, given the cost and convenience advantages of cloud-hosted solutions over on-premise solutions. After all, are we really going back to the era of flash drives?As such, the inevitable outcome here is that, eventually, 100% of enterprise workloads will be performed in the cloud. Today, only 20% of enterprise workloads have migrated to the cloud. Thus, this secular cloud growth narrative is only one-fifth done.And that's just the enterprise side of things. Consider that consumers are also increasingly pivoting to the cloud - think Office 365 or Adobe Photoshop. That's an entirely separate yet also very large growth vertical which should keep the entire cloud market on a secular uptrend for the next several years.Consequently, the big growth rates across this industry are here to stay. As they do stick around, cloud stocks will rally and that will drive the First Trust Cloud Computing ETF(NASDAQ:SKYY) significantly higher in the long run. * 9 Catalysts That Will Drive Chinese Biotech Stocks Much Higher Near term, escalating trade tensions will have a negative impact of enterprise investment levels, which could temporarily weigh on cloud growth rates. But as mentioned earlier, these escalating trade tensions will inevitably cool, meaning that any weakness here and now will be short lived. Instead, the more important implication is that falling rates will keep cloud stocks on a medium-term uptrend. iShares Expanded Tech-Software Sector ETF (IGV)Source: Shutterstock YTD Gain: 22%% off 2019 Highs: 8%The Big Idea: Software-as-a-Service (SaaS) stocks are winning investments, and this ETF gives you broad exposure to the world's best SaaS stocks.Key Holdings: Adobe (NASDAQ:ADBE), ServiceNow (NYSE:NOW), Autodesk (NASDAQ:ADSK), Microsoft and SalesforceThe best way to look at the iShares Expanded Tech-Software Sector ETF (NYSE:IGV) is as a slightly expanded version of the Cloud Computing ETF. When buying IGV, you get the best cloud stocks, plus other SaaS stocks which are supported by similar secular adoption tailwinds and favorable margin profiles.The big holdings here include Adobe, ServiceNow, Autodesk and Salesforce. What do all these companies have in common? Huge revenue growth, with a majority of that revenue coming from steady subscription models. Big gross margins, which is the result of selling low cost software. And rapidly expanding operating margins, a byproduct of huge revenue growth driving positive operating leverage.Put those three things together and each of these companies is either currently or has the potential to produce huge profits.In other words, the core fundamentals underlying IGV are very strong. Those fundamentals are hardly deterred by the trade war. Yet the ETF is 8% off its 2019 highs. This drop will inevitably pass, especially with rates dropping and IGV will roar higher from here into the end of the year. Global Robotics and Automation Index ETF (ROBO)Source: Shutterstock YTD Gain: 10%% off 2019 Highs: 15%The Big Idea: The automation trend is choppy, but within the next decade, automated technologies will go from niche to mainstream adoption, implying big growth potential for robotics and automation stocks in the long run -- most of those winning stocks are packaged into this ETF.Key Holdings: Nvidia (NASDAQ:NVDA), Zebra (NASDAQ:ZBRA), Intuitive Surgical (NASDAQ:ISRG), Rockwell Automation (NYSE:ROK) and iRobot (NASDAQ:IRBT)Of all the ETFs on this list, the Global Robotics and Automation Index ETF (NYSE:ROBO) has been the worst performer in 2019. Every other ETF on this list is beating the market year-to-date, with gains in excess of 14%. ROBO, on the other hand, has under-performed the S&P 500 in 2019, rising just 10% year-to-date.This underperformance won't last for long. The automation trend is admittedly choppy. Technology isn't quite there to justify enterprises spending big on automation… yet. Meanwhile, negative robot stigmas remain in the consumer world, so things like self-driving and robotic vacuum cleaners remain niche… for now.These are temporary phenomena. Eventually, technology will get to a point where automated technologies are good enough (and their value so compelling) that enterprises will pivot wholesale to adopting these technologies. At the same time, there will come a point where things like self-driving have enough evidence of success that consumers will start to trust them in bulk.In other words, it's only a matter of time before the automation wave changes our entire society. When it does, robotics and automation stocks -- like Nvidia, Zebra, Intuitive Surgical and Rockwell -- will soar. All of those stocks are packaged into the ROBO ETF, meaning that ROBO has huge potential long term. * 10 Cyclical Stocks to Buy (or Sell) Now The trade war is just a hiccup in the secular automation growth narrative. As such, with ROBO down 15% due to trade war noise and near-term growth concerns, now looks like a compelling time to buy into this secular growth ETF. Amplify Online Retail ETF (IBUY)Source: Shutterstock YTD Gain: 20%% off 2019 Highs: 7%The Big Idea: E-commerce and digital services are the future of the consumer economy, and this ETF gives you exposure to all of the most important e-commerce and digital services stocks in the U.S.Key Holdings: Wayfair (NYSE:W), Etsy(NASDAQ:ETSY), PayPal (NASDAQ:PYPL), Chegg and AmazonThe internet has connected the world in ways that it's never been connected before. In so doing, it has enabled a new digital economy to emerge, which leverages this unprecedented connectivity to allow consumers to essentially do anything from their computers or phones. Need to buy something? Go on the Amazon app. Need to study something? Go to Want to sell something? Create an account on Etsy.Pretty much every consumer interaction can now be replicated online. Consumers like this. It's more convenient. They don't have to go to the store to shop. They don't have to go to the library to study.Yet, e-commerce still only represents 10% of total retail sales in the United States, which is considered one of the more deeply e-retail penetrated markets in the world. As such, there's still plenty of room for growth left here, the sum of which should drive e-commerce and digital services stocks -- and the Amplify Online Retail ETF (NASDAQ:IBUY) -- materially higher in the long run.IBUY is presently 7% off its 2019 highs because of this fear that escalating trade tensions will disrupt the global consumer economy and in turn, weigh on e-retail growth rates. That could happen. But things would need to get a lot worse. At present, the U.S. consumer economy is still firing on all cylinders, thanks to sustained healthy labor conditions. The same is true for many other important consumer economies across the world.Consequently, near term weakness in IBUY looks like a long term opportunity. This high-growth ETF should rally into the end of 2019 and over the long run. ETFMG Prime Mobile Payments ETF (IPAY)Source: Shutterstock YTD Gain: 35%% off 2019 Highs: 6%The Big Idea: The consumer economy is becoming increasingly digital, and as it does, that means payments are becoming increasingly digital, too -- this growth ETF gives you exposure to all the stocks which are powering this global secular pivot to e-payments.Key Holdings: Mastercard (NYSE:MA), Visa (NYSE:V), Square (NYSE:SQ), American Express (NYSE:AXP) and PayPalE-commerce is just one part of the digital economy growth narrative. The other part is e-payments. That is, as consumers increasingly pivot into the digital economy, they are simultaneously adopting non-cash payment methods which support digital transactions.In plain English, this translates into "consumers are ditching cash for non-cash payment methods, like cards and e-wallets, because they support digital transactions, which are becoming an increasingly big part of the consumption pie". This dynamic will persist for the foreseeable future. That means big growth for companies which provide these non-cash payment methods. Such companies include Mastercard, Visa, Square and PayPal. All four of those companies reported payment volume growth of 9% or better last quarter.The Prime Mobile Payments ETF (NASDAQ:IPAY) takes all of these non-cash payment processor stocks and packages them into one asset. Presumably, then, as these stocks all rise concurrently over the next several years with the non-cash payments pivot, IPAY will rise, too. * 3 Steps Every Investor Should Take Before the Next Stock Market Crash The near term outlook is equally rosy. As is the case with IBUY, IPAY has dropped over the past few trading days over concerns that escalating trade tensions will dampen global consumer enthusiasm. But this isn't happening yet. It will take a lot more for this to happen. Trade tensions are more likely to cool going forward, than they are to heat up. As such, the outlook for payments stocks to rally into the end of 2019 is favorable.As of this writing, Luke Lango was long PANW, SPLK, OKTA, UBER, CHGG, NFLX, AMZN, MSFT, ADBE, PYPL, V and SQ. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy on the Trade War Dip * The 5 Highest-Rated Dow Stocks Right Now * 4 Cybersecurity Stocks to Buy for Long-Term Gains The post 6 Big Growth ETFs to Buy For the Second Half of 2019 appeared first on InvestorPlace.

  • 3 Cybersecurity Stocks to Buy as the Industry Takes Off

    3 Cybersecurity Stocks to Buy as the Industry Takes Off

    As the amount of data being produced and processed is surging, so are the number of cyber attacks being reported. One of the largest and most compromising for customers was the attack on Equifax (EFX) that occurred in 2017. The company stated that hackers gained access to 143 million U.S. customers’ data which included driver’s licenses and Social Security numbers. Since then, the frequency of these attacks has skyrocketed, driving the rapid growth of the cybersecurity industry.The ETFMG Prime Cybersecurity ETF (HACK), the oldest cybersecurity EFT, is up 12% year-to-date. With IBM’s cyber analysis team reporting that malware attacks already increased 200% so far in 2019, the demand for cybersecurity solutions has never been higher. Here are the 3 cybersecurity stocks analysts say investors should watch as the industry booms. Palo Alto Networks, Inc. (PANW) Palo Alto Networks is one of the most well-known players in the cybersecurity space. The company offers clients a security platform that monitors traffic using cloud-based solutions and firewalls.According to PANW’s Q3 earnings release on May 29, its business looks solid. It reported Q3 gross margin was 76.5%, up 30 basis points from the year before. Lower capital expenditures are attributed to its $280 million in free cash flow, gaining 27% at a margin of 38.5%. The company isn’t stopping there, with it placing a consistent focus on expansion. On July 9, PANW announced that it acquired container security company, Twistlock, for $410 million. Earlier in June, Palo Alto Networks acquired PureSec for $47 million to gain access to its serverless security products. Its WildFire malware prevention service also received Federal Risk and Authorization Management Program (FedRAMP), Authority to Operate status from the U.S. Naval War College on July 24. This means that any Federal Agency can now utilize the service. Financial blogger, Luke Lango, argues that all of these factors lends itself to PANW stock trading higher in the long-run. “Going forward, Palo Alto Network reasonably projects as a 15%-plus revenue grower with favorable margin drivers. That should drive somewhere between 20% and 25% profit growth over the next few years, which puts 2025 earnings-per-share somewhere around $16. Based on a software average multiple of 25-times forward earnings, that implies a long-term price target for PANW stock of $400, substantially higher than today’s price tag,” he writes. Five-star analyst, Jonathan Ruykhaver, agrees that PANW offers plenty of upside. On July 11, he reiterated his Buy rating and $275 price target. The Robert W. Baird analyst believes share prices could soar by 28% over the next twelve months. He has a 67% success rating and gets an average return of 19% per rating. PANW has a ‘Strong Buy’ analyst consensus and a $263 average price target, suggesting 23% upside potential. Fortinet, Inc. (FTNT)Fortinet specializes in providing broad, integrated and automated cybersecurity solutions. Despite the growing number of competitors, the second cybersecurity stock on our list has managed to maintain a steady stream of growth. FTNT shares are up 17% year-to-date, with many analysts telling investors not to expect a slowdown anytime soon. On August 2, Merrill Lynch gave the stock a ratings boost as it expects the future to be bright. Analyst Tal Liani upgraded the rating to a Buy and set a $103 price target, suggesting FTNT could soar by as much as 26% in the next twelve months.The upgrade comes after the company not only posted an earnings beat and raised its full-year guidance, but also announced released new products. On August 1, FTNT reported revenue of $522 million, beating the $511 million consensus estimate.That same day, FTNT announced the release of three new high-performance FortiGate Next-Generation Firewalls (NGFWs) that include FortiGate 1100E, FortiGate 2200E and FortiGate 3300E. These new offerings were designed to help enterprises secure and accelerate the on-ramp to the cloud, or the cloud environments that enable data to be used efficiently. “Fortinet has successfully transitioned from an inconsistent niche security play to a major cybersecurity vendor. Give the projected ramp in cybersecurity spending expected in the years ahead and Fortinet’s potential to gain market share from its competitors thanks to several new products in the works that could serve as positive catalysts for the stock, even after its big post-earnings gain. In the longer term, 5G network security could serve as an additional catalyst as well,” analyst Daniel Ives said on August 2. The Wedbush analyst reiterated his Buy rating and raised his price target from $105 to $110, indicating 34% upside. FTNT has a ‘Moderate Buy’ analyst consensus and a $94 average price target, suggesting 15% upside potential. Akamai Technologies, Inc. (AKAM)     Akamai differentiates itself by providing not only cloud-based solutions, but also solutions that enable the shift from linear content to internet content. The stock has gained 41% year-to-date, with the good news not stopping there.The company pleasantly surprised the Street when it reported a second quarter earnings beat on July 31. Revenue was up 6% from the prior-year quarter to $705 million, surpassing the $696 million consensus estimate. Non-GAAP second quarter EPS beat analysts’ estimates of $1.01 coming in at $1.07. This amounted to a 29% gain from the year-ago quarter. Not to mention management raised its full-year guidance with revenue expected to fall between $2.84 billion and $2.87 billion and earnings to be between $4.23 and $4.30 per share. This is up from the previous forecast of between $2.82 billion and $2.86 billion in revenue and earnings between $4.05 and $4.20 a share.  The results were based on AKAM’s gains in its media content delivery segment and its cloud security products. Top analyst, Lee Krowl, said, “The gains were driven by strong performance by Security (even organically), along with upside from OTT in the Media segment. We underappreciated the contribution from the Security business which continues to ramp, driven by increasing product adoption by exiting customers (bundling), along with a full-quarter contribution from Identity Cloud (fka—Janrain).” On July 31, the B.Riley FBR analyst reiterated a Buy rating and $102 price target, suggesting 19% upside potential. On August 5, investors got yet another reason to be excited when AKAM launched Edge Cloud for Internet of Things (IoT) device security. The product uses Akamai’s edge platform to secure data delivery to connected devices and in-application messaging at scale. Analyst Shebly Seyrafi sees its updated guidance and new product offerings as supporting its long-term growth narrative. On August 5, the FBN Securities analyst reiterated his Buy rating and $100 price target, indicating 16% upside potential. The Street is cautiously optimistic on this cybersecurity stock. It has a ‘Moderate Buy’ analyst consensus and a $91 average price target, suggesting 5% upside.

  • Symantec (SYMC) to Report Q1 Earnings: What Lies Ahead?

    Symantec (SYMC) to Report Q1 Earnings: What Lies Ahead?

    Symantec's (SYMC) fiscal Q1 results may benefit from improvement in Consumer Cyber Safety business. However, declining hardware business amid intensifying competition is a concern.


    Palo Alto Networks Inc (PANW) EVP, Chief Technology Officer Nir Zuk Sold $2.7 million of Shares

    EVP, Chief Technology Officer of Palo Alto Networks Inc (30-Year Financial, Insider Trades) Nir Zuk (insider trades) sold 12,000 shares of PANW on 08/01/2019 at an average price of $226.8 a share. Continue reading...

  • Palo Alto Networks to Announce Fiscal Fourth Quarter and Fiscal Year 2019 Financial Results on Wednesday, September 4, 2019
    PR Newswire

    Palo Alto Networks to Announce Fiscal Fourth Quarter and Fiscal Year 2019 Financial Results on Wednesday, September 4, 2019

    SANTA CLARA, Calif., Aug. 2, 2019 /PRNewswire/ -- Palo Alto Networks (PANW), the global cybersecurity leader, announced today that it will release the financial results for its fiscal fourth quarter and full year 2019, ended July 31, 2019, after U.S. markets close on Wednesday, September 4, 2019. Palo Alto Networks will host a conference call that day at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) to discuss the results. Interested parties may access the conference call by dialing 1-800-458-4148 or 1-323-794-2093 and using conference ID 8941272.

  • Cybersecurity Firm Fortinet Says Results Top Views, Stock Rises
    Investor's Business Daily

    Cybersecurity Firm Fortinet Says Results Top Views, Stock Rises

    Fortinet earnings and revenue for the second quarter beat Wall Street estimates, while company guidance also exceeded targets. Fortinet stock rose in extended trading late Thursday.

  • Forget 5G And The Cloud; These Tech Stocks Can Be Even Better
    Investor's Business Daily

    Forget 5G And The Cloud; These Tech Stocks Can Be Even Better

    Equifax is offering consumers $125 to repay its 2017 data breach. The Capital One breach revealed risks, too. Both events draw eyes to cybersecurity stocks

  • Zacks

    Rate Cut Wait Almost Over

    Rate Cut Wait Almost Over

  • Palo Alto Networks (PANW) Gains As Market Dips: What You Should Know

    Palo Alto Networks (PANW) Gains As Market Dips: What You Should Know

    Palo Alto Networks (PANW) closed the most recent trading day at $227.78, moving +0.94% from the previous trading session.

  • The 10 Biggest Cybersecurity Stocks
    Motley Fool

    The 10 Biggest Cybersecurity Stocks

    When looking to invest in this high-growth industry, start with the biggest names on the block.

  • Finding The Best Growth Stocks: Why You Cannot Ignore These Stock Market Sectors
    Investor's Business Daily

    Finding The Best Growth Stocks: Why You Cannot Ignore These Stock Market Sectors

    Software makes up the largest sector within the IBD 50. It serves as a profitable investing theme. But don't overlook these other dynamic sectors.