Palo Alto Networks, Inc. Common (NYSE:PANW):
Palo Alto Networks Appoints Mary Pat McCarthy to Board of Directors.
The company is so far trading up by 1.30% since yesterday’s close of $149.65.
It is trading at $151.59 just below the 50 day moving average which is $152.01 and just a bit higher than the 200 day moving average of $139.21. The 50 day moving average was down by -0.28% whereas the 200 day moving average was up $12.38 or +8.89%.
As of the last earnings report the EPS was $-2.59 and is estimated to be $2.78 for the current year with 90,850,000 shares outstanding. Next quarter’s EPS is expected be $0.63 with next year’s EPS anticipated to be $3.80.
Several investment analysts have provided guidance on the company. Rosenblatt starting coverage on PANW with an initial rating of “Buy”. On August 31 Citigroup kept the company rating at “Neutral” but moved up the price target from $45.00 to $140.00.
August 31 investment analysts at RBC Capital kept the stock rating at “Buy” and lowered the price expectation to $190.00 from $196.00. August 31 investment analysts at Nomura made no change to the stock rating of “Buy” but raised the price expectation to $190.00 from $165.00.
August 31 investment analysts at Goldman Sachs held the company rating at “Buy” and moved down the price target from $196.00 to $190.00. On August 31 Barclays maintained a company rating of “Overweight” and lowered the price target from $196.00 to $185.00.