Palo Alto Networks (PANW) Receiving Somewhat Positive Media Coverage, Report Finds

News stories about Palo Alto Networks (NYSE:PANW) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Palo Alto Networks earned a news impact score of 0.23 on Accern’s scale. Accern also assigned news articles about the network technology company an impact score of 45.890742939718 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the headlines that may have effected Accern’s rankings:

A number of equities research analysts have issued reports on the stock. Morgan Stanley lifted their target price on shares of Palo Alto Networks from $224.00 to $240.00 and gave the company a “buy” rating in a research note on Tuesday, June 5th. Wells Fargo & Co lifted their target price on shares of Palo Alto Networks from $215.00 to $240.00 and gave the company an “outperform” rating in a research note on Tuesday, June 5th. Maxim Group lifted their target price on shares of Palo Alto Networks from $212.00 to $262.00 and gave the company a “buy” rating in a research note on Tuesday, June 5th. Jefferies Financial Group lifted their target price on shares of Palo Alto Networks from $206.00 to $239.00 and gave the company a “buy” rating in a research note on Monday, June 4th. Finally, JMP Securities lifted their target price on shares of Palo Alto Networks from $210.00 to $240.00 and gave the company an “outperform” rating in a research note on Monday, June 4th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and thirty-seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $198.93.

Palo Alto Networks stock opened at $211.16 on Friday. The firm has a market cap of $19.36 billion, a price-to-earnings ratio of -123.49 and a beta of 0.92. Palo Alto Networks has a fifty-two week low of $126.56 and a fifty-two week high of $217.40.

Palo Alto Networks (NYSE:PANW) last posted its quarterly earnings data on Monday, June 4th. The network technology company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.08. Palo Alto Networks had a negative net margin of 8.65% and a negative return on equity of 8.51%. The company had revenue of $567.10 million for the quarter, compared to the consensus estimate of $545.79 million. equities analysts expect that Palo Alto Networks will post -0.27 earnings per share for the current year.

In other news, President Mark Anderson sold 30,000 shares of the business’s stock in a transaction dated Monday, June 11th. The shares were sold at an average price of $199.44, for a total transaction of $5,983,200.00. Following the transaction, the president now owns 173,441 shares in the company, valued at approximately $34,591,073.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Kathleen Bonanno sold 5,818 shares of the business’s stock in a transaction dated Monday, June 11th. The stock was sold at an average price of $199.61, for a total transaction of $1,161,330.98. Following the transaction, the chief financial officer now owns 42,780 shares in the company, valued at approximately $8,539,315.80. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 73,910 shares of company stock worth $15,307,149 and have sold 232,173 shares worth $46,634,803. Insiders own 4.80% of the company’s stock.

About Palo Alto Networks

Palo Alto Networks, Inc provides security platform solutions worldwide. Its platform includes Next-Generation Firewall that delivers application, user, and content visibility and control, as well as protection against network-based cyber threats; Advanced Endpoint Protection, which prevents cyber-attacks that exploit software vulnerabilities on various fixed, mobile, and virtual endpoints and servers; and Threat Intelligence Cloud, which offers central intelligence capabilities, security for software as a service applications, and automated delivery of preventative measures against cyber-attacks.

Insider Buying and Selling by Quarter for Palo Alto Networks (NYSE:PANW)

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