Media coverage about Palo Alto Networks (NYSE:PANW) has been trending somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Palo Alto Networks earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave press coverage about the network technology company an impact score of 45.8537041431637 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media headlines that may have impacted Accern’s rankings:
- Who’s Watching Palo Alto Networks in 2018? (finance.yahoo.com)
- How FireEye and IBM Could Benefit Big in Security Spending (finance.yahoo.com)
- Palo Alto Networks Inc (PANW) CEO Mark D Mclaughlin Sold $5.5 million of Shares – GuruFocus.com (gurufocus.com)
- Palo Alto Networks Unveils Comprehensive Cloud Security Offering for All Major Cloud Providers (finance.yahoo.com)
Shares of Palo Alto Networks (PANW) opened at $153.87 on Friday. Palo Alto Networks has a 1-year low of $107.31 and a 1-year high of $160.83. The firm has a market cap of $14,140.00, a P/E ratio of -62.55 and a beta of 1.04.
Several research firms have commented on PANW. Sanford C. Bernstein raised their target price on shares of Palo Alto Networks from $180.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, November 21st. Evercore ISI raised shares of Palo Alto Networks from an “in-line” rating to an “outperform” rating and set a $180.00 target price on the stock in a report on Thursday, January 18th. Oppenheimer reissued a “buy” rating and issued a $180.00 target price (up from $173.00) on shares of Palo Alto Networks in a report on Tuesday, November 21st. Northland Securities set a $175.00 target price on shares of Palo Alto Networks and gave the company a “buy” rating in a report on Wednesday, October 18th. Finally, Dougherty & Co reissued a “buy” rating and issued a $180.00 target price (up from $170.00) on shares of Palo Alto Networks in a report on Tuesday, November 21st. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and thirty-four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $167.39.
In other Palo Alto Networks news, CEO Mark D. Mclaughlin sold 35,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $157.67, for a total transaction of $5,518,450.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Mark Anderson sold 15,614 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $144.16, for a total transaction of $2,250,914.24. Following the sale, the president now directly owns 186,413 shares in the company, valued at $26,873,298.08. The disclosure for this sale can be found here. Insiders have sold a total of 396,644 shares of company stock worth $59,381,588 over the last three months. Insiders own 4.80% of the company’s stock.
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.
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