|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||213.70 - 216.42|
|52 Week Range||126.56 - 217.40|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 29, 2018 - Sep 4, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||229.28|
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.
The software sector continues to lead, and top cybersecurity stocks Proofpoint, Okta and FireEye are all working on bases. Palo Alto Networks, CyberArk Software, Qualys and Zscaler are consolidating, but they're too short to be bases.
Cisco Systems Inc. (NASDAQ:CSCO) stock has gone nowhere since its last disappointing earnings report in May, but in a rising market, hope springs eternal. Cisco Systems has been bringing in between $47-49 billion in revenue for several years now, bringing about one-fifth of that revenue to the net income line, and it had almost $54 billion in cash and short-term securities in the bank at the end of April. It has been using its cash to buy software companies like July Systems, leading to it being called a “safe bet” for technology investors.
LONDON, UK / ACCESSWIRE / July 12, 2018 / If you want a free Stock Review on PANW sign up now at www.wallstequities.com/registration. This Thursday, WallStEquities.com has initiated reports coverage on the following Technology equities: Finisar Corp. (NASDAQ: FNSR), Palo Alto Networks Inc. (NYSE: PANW), CoreLogic Inc. (NYSE: CLGX), and MSCI Inc. (NYSE: MSCI).
The notes will be senior, unsecured obligations of Palo Alto Networks. The notes will bear interest at a rate of 0.75% per year. Interest will be payable semi-annually in arrears on January 1 and July 1 of each year, beginning on January 1, 2019. The notes will mature on July 1, 2023, unless earlier repurchased or converted. Palo Alto Networks may not redeem the notes prior to maturity. Palo Alto Networks expects to use $165.3 million of the net proceeds of the offering of the notes to pay the cost of the convertible note hedge transactions described below (after such cost is partially offset by the proceeds to Palo Alto Networks of the warrant transactions described below) to raise the effective conversion price of the notes from Palo Alto Networks' perspective, and to use the remaining proceeds of the offering for general corporate purposes, which may include working capital, capital expenditures, potential acquisitions, strategic transactions, the payment of amounts due upon conversion, at maturity or upon repurchase of Palo Alto Networks' outstanding 0% Convertible Senior Notes due 2019 and repurchases of Common Stock pursuant to Palo Alto Networks' stock repurchase program. Palo Alto Networks, however, does not currently have any agreements or understandings with respect to any such material acquisitions or strategic transactions.
SANTA CLARA, Calif., July 9, 2018 /PRNewswire/ -- Palo Alto Networks® (PANW) announced today its intention to offer, subject to market conditions and other factors, $1.5 billion aggregate principal amount of convertible senior notes due in 2023 (the "notes") in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Act"). Palo Alto Networks also expects to grant the initial purchasers of the notes a 30-day option to purchase up to an additional $225 million aggregate principal amount of the notes, to cover over-allotments, if any. The notes will be unsecured, senior obligations of Palo Alto Networks, and interest will be payable semi-annually in arrears. Conversions of the notes will be settled in cash up to the aggregate principal amount of the notes to be converted and cash, shares of Palo Alto Networks' common stock (the "Common Stock") or a combination thereof, at Palo Alto Networks' election, in respect of the remainder, if any, of Palo Alto Networks' conversion obligation in excess of the aggregate principal amount of the notes being converted. Final terms of the notes, including the interest rate, initial conversion rate and other terms, will be determined by negotiations between Palo Alto Networks and the initial purchasers of the notes.
Check Point Software Technologies CHKP , an Israel-based network security incumbent, has adapted its product portfolio in recent years to strategically position itself as enterprises migrate toward hybrid cloud environments. Its expertise in software-defined security environments, relative to peers' reliance on physical infrastructure, should result in margin expansion. Check Point excels because of its large-enterprise-focused model and a broad product portfolio, yielding high renewal rates and a growing recurring revenue base.
A cybersecurity ETF has returned 31 percent since the Equifax data breach last year, double the return of the S&P 500. Companies in the fund include Palo Alto Networks, Fortinet, FireEye, Juniper Networks, CyberArk Software, Symantec and Cisco. Gartner recently projected cybersecurity spending to climb 7 percent to $93 billion this year compared with $86.4 billion in 2017.
LONDON, UK / ACCESSWIRE / July 2, 2018 / If you want access to our free earnings report on Palo Alto Networks, Inc. (NYSE: PANW) ("Palo Alto"), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=PANW. Palo Alto reported its third quarter fiscal 2018 operating and financial results on June 04, 2018. Palo Alto's total revenue for the fiscal third quarter 2018 surged 31% to $567.1 million compared to total revenue of $431.8 million for Q3 FY17.
FireEye (FEYE), an intelligence-based cybersecurity service provider, saw a significant fall in Monday’s trading session. After the close of the market, FEYE stock was at $15.80, down 3.5% from the previous day.
A streaming video specialist, an e-commerce giant, and a cybersecurity company top this list of promising stock buys.
On June 14, FireEye’s (FEYE) market capitalization was $3.3 billion, while security peers IBM (IBM), Fortinet (FTNT), and Palo Alto Networks (PANW) had market caps of $134.4 billion, $10.9 billion, and $19.8 billion, respectively.
Palo Alto Networks Inc’s (NYSE:PANW): Palo Alto Networks, Inc. provides security platform solutions worldwide. With the latest financial year loss of -US$216.60m and a trailing-twelve month of -US$183.80m, the US$19.28bRead More...
Let's check out the reasons for the impressive surge in Palo Alto Networks' (PANW) share price and consider why the company will continue its momentum in the near term as well.
The Palo Alto, Calif., firm is raising True Ventures Select III and True Ventures VI, according to the filings. True Ventures V closed in 2016 at $317 million.
The cybersecurity specialist kept up its impressive streak of results, so the unenthusiastic response was more than surprising.
Palo Alto Networks’ new chairman and chief executive cemented his place at the company in his second and third days on the job. Nikesh Arora was named to the chairman and CEO posts effective June 6. On June 7 and 8 he bought 33,255 Palo Alto shares (PANW) for $6.6 million, or $199.20 each on average.
SANTA CLARA, Calif., June 14, 2018 /PRNewswire/ -- Palo Alto Networks® (PANW), the global security leader, today announced the addition of three distinguished cybersecurity leaders as advisers to provide guidance on the security challenges and technology needs of both the U.S. government and international organizations. Retired National Security Agency Deputy Director Richard H. Ledgett and Christopher Painter, the U.S. Department of State's former top cybersecurity official, have joined the Palo Alto Networks Public Sector Advisory Council to advise the company on the security and technical challenges facing the world's governments and advance the company's cybersecurity strategy.
Cisco Systems CEO Chuck Robbins touted his company's new partnership with Alphabet's Google Cloud, as well as its recent acquisition of a Silicon Valley business intelligence startup, as the path to future for the San Jose-based networking giant in a conversation with CNBC "Mad Money" host Jim Cramer on Tuesday.