Palo Alto Networks Rating Reiterated by Cowen and Company (PANW)

Cowen and Company’s price target suggests a potential upside of 22.08% from the stock’s current price. The shares were sold at an average price of $155.39, for a total value of $5,438,650.00. Following the completion of the transaction, the chief marketing officer now directly owns 106,634 shares of the company’s stock, valued at approximately $19,910,700.48. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Steffan Tomlinson sold 60,000 shares of Palo Alto Networks stock in a transaction on Wednesday, September 9th. The disclosure for this sale can be found here. After surveying 4 different analysts, we established an average estimate of $ -0.23 earnings per share (EPS) for NYSE:PANW.

After Deutsche Bank and Nomura Holdings assigned a Buy rating to Palo Alto Networks in the last month, the company received another Buy, this time from Oppenheimer. William Blair reiterated an “outperform” rating on shares of Palo Alto Networks in a research report on Tuesday, September 1st.

As some security vendors have faltered recently, Palo Alto Networks has shone, posting strong growth numbers in the first fiscal quarter of 2016 and notching some digs at its competitors – which CEO Mark McLaughlin said Palo Alto continues to top. Of those thirty-seven, twenty-nine have a Buy rating, eight have a Hold rating. The stock has a 50-day moving average of $164.65 and a 200-day moving average of $171.53.

Additionally, Palo Alto Networks Incorporated now has a market capitalization of 14.53B.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings results on Monday, November 23rd.

The consensus of 37 analysts polled by Thomson Reuters called for $284.4 million in sales and 32 cents EPS ex items. The business’s revenue for the quarter was up 54.4% on a year-over-year basis. The same period from the previous year had $0.15 in EPS on $192.35 million in revenue.

TheStreet’s Jim Cramer, Portfolio Manager of the Action Alerts PLUS Charitable Trust Portfolio commented on Palo Alto Networks earnings in an article titled “Cramer: In Cyber Defense, the Fundamentals Are on Fire” published today, saying: “This one has always been the best of breed, and last night it showed us why with astounding growth, 61% year-over-year billings and a 71% growth in deferred revenue, which means that the profits in the future will be there”.

Palo Alto Networks is a next-generation security company, leading a new era in cybersecurity by enabling applications and preventing cyber breaches for tens of thousands of organizations worldwide. The Company’s security platform consists of three elements: its Next-Generation Firewall, its Advanced Endpoint Protection, and its Threat Intelligence Cloud.