Palo Alto quarterly revenue rises 27 pct

Pauline Gross
November 22, 2017

The company operates in the Technology sector with a market capitalization of 12.74 Million.

Looking into last 5 trades, the stock observed a return of nearly 2.78%.

About 127,430 shares traded. It is down 44.89% since November 21, 2016 and is uptrending. If Palo Alto Networks, Inc. (PANW) on Monday reported a loss of $64 million in its fiscal first quarter. The hedge fund run by Christopher Medlock James held 267,499 shares of the technology company at the end of 2017Q2, valued at $35.79 million, down from 390,941 at the end of the previous reported quarter.

Steffan Tomlinson, Palo Alto Network's outgoing chief financial officer, added that the company had seen strong adoption of its Next-Generation Security Platform in the quarter. (PANW) stock is unusual player of Wall Street Market in current trading session.

Traders have different rules for what constitutes liquidity and a good guide is the volume of trades and volume of shares that are traded each day.

Stock in Focus: Palo Alto Networks, Inc. It has underperformed by 33.01% the S&P500.The move comes after 8 months positive chart setup for the $13.80 billion company. Therefore 76% are positive. Palo Alto Networks has a 52-week low of $107.31 and a 52-week high of $162.64. The company was maintained on Wednesday, August 31 by Nomura. Bank of America upgraded it to "Buy" rating and $210 target in Friday, February 26 report. The firm has "Sell" rating given on Wednesday, July 22 by TheStreet. The firm has "Neutral" rating by DA Davidson given on Friday, October 16. The rating was maintained by Wells Fargo with "Outperform" on Friday, May 27. The company was maintained on Thursday, September 10 by Stifel Nicolaus.

Investors sentiment decreased to 0.94 in 2017 Q2. For the week, the stock is performing 0.27%. 131 funds opened positions while 449 raised stakes.

Ownership at Palo Alto Networks, Inc. Imperial Capital reissued an "outperform" rating and issued a $137.00 price target on shares of Palo Alto Networks in a research report on Friday, August 18th. Walleye Trading Limited Company invested in 0.04% or 53,779 shares. Palo Alto Networks has an average rating of "Buy" and a consensus target price of $161.38. Blackrock Incorporated invested in 0.42% or 38.49 million shares. Bessemer Grp Incorporated Incorporated has invested 0.01% in Palo Alto Networks Inc (NYSE:PANW). (PANW), Week Volatility is 1.99%, whereas Month Volatility is at 2.28%. Metropolitan Life Insurance Co owns 6,374 shares.

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Shares of Palo Alto Networks, Inc. Palo Alto Networks earned a coverage optimism score of 0.29 on Accern's scale. Cambridge Tru holds 0.85% or 92,356 shares. Northwest Investment Counselors Lc holds 0.04% or 638 shares.

On an adjusted (non-GAAP) basis, which excludes expenses like stock-based compensation, Palo Alto's net income was $69.8 million, or $0.74 per share, up from $51.2 million, or $0.55 per share in the year-ago period. According to today's trading volume Palo Alto Networks, Inc.is ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days. Blackrock's stake was worth $622.83 million at the time of purchase.

Investors sentiment decreased to 1.04 in 2017 Q2. Cetera Advisor Ntwk Lc holds 0.01% or 1,790 shares in its portfolio. 32 funds opened positions while 57 raised stakes. Peak6 Invs Lp holds 19,579 shares or 0% of its portfolio. There has been an observed change of -9.79% in the ownership of the shares in the past six months. Laurion Capital Management Limited Partnership accumulated 6,000 shares. 56,001 were reported by Citigroup Inc. (NYSE:PAG). Affinity Invest Advsrs Lc has 0.2% invested in Penske Automotive Group, Inc. D E Shaw & Inc reported 18,149 shares. Jefferies has "Buy" rating and $119 target. Da Davidson Co has invested 0% of its portfolio in Penske Automotive Group, Inc. (NYSE:PAG). State Street stated it has 621,001 shares.

The market experts are predicting a 43.22% rally, based on the high target price ($79) for Taubman Centers, Inc. shares that is likely to be hit in the 52 weeks. Qs Invsts Ltd Liability Corporation reported 10 shares. First Manhattan accumulated 0% or 338 shares.

Since June 1, 2017, it had 0 insider buys, and 2 sales for $557,485 activity.

In other Palo Alto Networks news, insider Nir Zuk sold 28,000 shares of the stock in a transaction that occurred on Tuesday, November 7th.

Revenues rose 27.0% from a year ago to $505.5 million, also beating analysts' view for $489.36 million.

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