Palo Alto Networks, Inc. Common (NYSE:PANW):
Palo Alto Networks Named a Strong Performer in Endpoint Security Report.
The company is so far trading up since yesterday’s close of $149.65.
Company chares are trading at $151.59 a bit lower than $152.01, the stock’s 50 day moving average and slightly over the 200 day moving average of $139.21. The 50 day moving average was down by -0.28% and the 200 day average moved up $12.38.
In the latest earnings report the EPS was $-2.59 and is expected to be $2.78 for the current year with 90,850,000 shares currently outstanding. Next quarter’s EPS is forecasted at $0.63 and the next full year EPS is anticipated to be $3.80.
Several investment firms have provided guidance on Palo Alto Networks, Inc. Common. On September 12 analysts at Rosenblatt started covering PANW with an initial rating of “Buy”. On August 31 the stock rating was downgraded from “Strong Buy” to “Overweight” with a current price target of $185.00 in an announcement from Raymond James.
August 31 investment analysts at Wunderlich maintained a stock rating of “Overweight” but lowered the price expectation from $196.00 to $185.00. On August 31 Citigroup left the stock rating at “Neutral” but moved up the price target to $140.00 from $45.00.
August 31 investment analysts at RBC Capital made no change to the stock rating of “Buy” but lowered the price target to $190.00 from $196.00. August 31 investment analysts at Nomura kept the company rating at “Buy” and moved up the price target from $165.00 to $190.00.