Somewhat Favorable News Coverage Somewhat Unlikely to Impact Palo Alto Networks (PANW) Stock Price

Press coverage about Palo Alto Networks (NYSE:PANW) has trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Palo Alto Networks earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave media stories about the network technology company an impact score of 45.4074858753425 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:

Palo Alto Networks (PANW) traded down $0.64 during midday trading on Friday, hitting $153.52. 1,287,500 shares of the stock were exchanged, compared to its average volume of 1,020,000. The stock has a market capitalization of $14,110.00, a price-to-earnings ratio of -62.41 and a beta of 0.99. Palo Alto Networks has a 1-year low of $107.31 and a 1-year high of $157.65.

Palo Alto Networks (NYSE:PANW) last posted its quarterly earnings results on Monday, November 20th. The network technology company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.06. The business had revenue of $505.50 million during the quarter, compared to analyst estimates of $489.36 million. Palo Alto Networks had a negative net margin of 11.97% and a negative return on equity of 15.77%. The firm’s revenue was up 27.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 earnings per share. analysts anticipate that Palo Alto Networks will post -0.37 EPS for the current fiscal year.

PANW has been the subject of several research reports. Oppenheimer restated a “buy” rating and set a $180.00 price objective (up previously from $173.00) on shares of Palo Alto Networks in a research report on Tuesday, November 21st. Northland Securities set a $175.00 price objective on shares of Palo Alto Networks and gave the company a “buy” rating in a research note on Wednesday, October 18th. Zacks Investment Research lowered shares of Palo Alto Networks from a “hold” rating to a “sell” rating in a research note on Monday, November 13th. Telsey Advisory Group upped their price objective on shares of Palo Alto Networks from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, November 22nd. Finally, Sanford C. Bernstein upped their price objective on shares of Palo Alto Networks from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, November 21st. Three analysts have rated the stock with a sell rating, ten have given a hold rating and thirty-two have given a buy rating to the company’s stock. Palo Alto Networks has a consensus rating of “Buy” and a consensus target price of $164.89.

In related news, CMO Rene Bonvanie sold 16,596 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $151.83, for a total transaction of $2,519,770.68. Following the transaction, the chief marketing officer now owns 95,584 shares of the company’s stock, valued at $14,512,518.72. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Nir Zuk sold 28,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $148.05, for a total transaction of $4,145,400.00. The disclosure for this sale can be found here. Insiders sold 354,644 shares of company stock valued at $52,415,318 over the last three months. 4.80% of the stock is owned by insiders.

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About Palo Alto Networks

Palo Alto Networks, Inc offers a next-generation security platform. The Company’s security platform consists of three elements: Next-Generation Firewall, Advanced Endpoint Protection and Threat Intelligence Cloud. Its Next-Generation Firewall delivers application, user and content visibility and control, as well as protection against network-based cyber threats integrated within the firewall through its hardware and software architecture.

Insider Buying and Selling by Quarter for Palo Alto Networks (NYSE:PANW)

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