Palo Alto Networks, Inc. Common (NYSE:PANW):
Illinois School District Achieves High Marks in Security With Palo Alto Networks Next-Generation Security Platform.
The company is now up by 1.30 percent from yesterday’s close.
The stock last traded at $151.59 which is a tad under the 50 day moving average of $152.01 and which is a tad above the 200 day moving average of $139.21. The 50 day moving average moved down $-0.42 whereas the 200 day moving average was up $12.38 or +8.89%.
In the last earnings report the EPS was $-2.59 and is projected to be $2.78 for the current year with 90,850,000 shares now outstanding. Next quarter’s EPS is forecasted at $0.63 and the next full year EPS is anticipated to be $3.80.
Brokerage analysts have issued ratings on PANW recently. On September 12, 2016 Rosenblatt added the stock to its research portfolio giving it an initial rating of “Buy”. On August 31 the company was downgraded to “Overweight” from “Strong Buy” and a price target of $185.00 was set in an announcement from Raymond James.
August 31 investment analysts at Wunderlich held the company rating at “Overweight” and lowered the price target to $185.00 from $196.00. On August 31 Citigroup maintained a company rating of “Neutral” but raised the price target from $45.00 to $140.00.
August 31 investment analysts at RBC Capital maintained a stock rating of “Buy” and lowered the price expectation to $190.00 from $196.00. On August 31 Nomura made no change to the company rating of “Buy” and moved up the price target from $165.00 to $190.00.