Imperial Capital Indicates Potential 15.9% Increase In Shares Of Palo Alto Networks

Consensus estimates for the third quarter call for EPS of $0.70 on revenues of $454.63 million.

Palo Alto Networks, Inc.’s (PANW ) stock price distance from twenty day simple moving average slumped at -0.22% while its distance from fifty day simple moving average raised 7.69% along with 8.56% above distance from two hundred simple moving averages. Fourteen research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. (NYSE:PANW) shares slumped -1.33% to $151.90 on Tuesday. The 1 year EPS growth rate is -28.30%.

Palo Alto Networks’ gross margin increased 130 basis points (bps) on a year-over-year basis to 71.9%, primarily backed by growth in both recurring subscription and support gross margins.

Palo Alto Networks, Inc. engages in the provision of network security solutions. Eyal has a 19.2% average return when recommending PANW, and is ranked #112 out of 4503 analysts. Net income from continuing operations was $55 million, or $0.10 per diluted share.

Revenues jumped 26.3% from past year to $422.6 million, but fell well short of analysts’ view for $429.51 million. Pacific Crest is lowering its price target on lowered estimates but remains Overweight.

PANW is down 20% ahead of the bell, putting the shares on pace for their lowest open since early July, after fiscal second-quarter revenue came in lower than expected.

In addition to UBS reporting its stock price target, a total of 38 brokers have issued a report on the company.

Palo Alto Networks, Inc. has a 1-year low of $111.09 and a 1-year high of $173.76. “(PANW) Price Target Cut to $155.00” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. The total market capitalization remained at $10.78 billion. The 52-week range is $114.64 to $165.69. The stock has a quick ratio of 1.30 and a current ratio of 1.30. The principal of ATR is very similar to other volatility indicators: A high ATR value signals a possible trend change. After improving a respectable 0.7% last quarter, Best Buy said it expects same-store sales for the quarter already underway to fall between 1.5% in 2.5%. We believe that the company’s product refreshes and acquisitions synergies will boost revenues, going forward. (NYSE:PANW), maintained return on investment for the last twelve months at -18.99, higher than what Reuters data shows regarding industry’s average.

Relative Strength Index (RSI) was 58.13. Analyst’s mean target price for TGT is $73.82 while analysts mean recommendation is 2.70. Sigma Planning Corp now owns 2,162 shares of the network technology company’s stock worth $265,000 after buying an additional 11 shares during the period. The average numbers of shares are traded in a security per day, during the recent 3-month period. Also weighing on the stock – which is down 7% in electronic trading – is the firm’s 2017 forecast for Exondys 51, its only drug. In the last ninety days, insiders have sold 39,470 shares of company stock valued at $5,023,525. Second-quarter results compare to consensus estimates for EPS of $0.62 and $429.72 million in revenue.

McKesson Corporation’s growth estimate for the current quarter is 29.1, and -17.9 percent for the next quarter.