Palo Alto Networks, Inc. (PANW) Rating Lowered to Hold at Wunderlich

The original version of this story can be accessed at https://www.com-unik.info/2017/03/01/palo-alto-networks-inc-panw-rating-lowered-to-hold-at-wunderlich.html. Palo Alto Networks (PANW) reported that its acquisition of LightCyber, a privately held cybersecurity company that has developed award-winning, highly automated and accurate behavioral analytics technology.

12/02/2016 - Summit Redstone Partners began new coverage on Palo Alto Networks, Inc. giving the company a " rating. The stock tapped a 52-week high of US$165.69 while the mean 12-month price target for the shares is US$172.09. Wells Fargo & Company restated an "outperform" rating and set a $176.00 price target (down previously from $187.00) on shares of Palo Alto Networks in a research note on Monday, November 28th. The stock has relative volume of 2.78.

Among analysts who offered their Analysis on Palo Alto Networks, Inc. Brinker Capital Inc. now owns 2,211 shares of the network technology company's stock worth $271,000 after buying an additional 23 shares during the period. The stock has a 50-day moving average of $139.78 and a 200 day moving average of $142.34. We should also note their 52-Week High and Low: the shares now trade -29.07% away from their high and 2.52% from the low.

Cisco Systems' (CSCO) push into the security market could be one reason for woes at Palo Alto Networks (PANW), whose stock plunged in premarket action Wednesday after the company reported fiscal second-quarter revenue, billings and guidance all below street expectations. For the quarter ending Jan-17, 34 analysts have a mean sales target of 429.72 million whilst for the year ending Jul-17, 32 analysts have a mean target of 1,803.23 million. Palo Alto Networks had a negative net margin of 16.83% and a negative return on equity of 35.75%. Wipro Limited (NYSE:WIT) quarterly performance is 1.14% while its year to date (YTD) performance is 1.35%. Ltd. purchased a new stake in Palo Alto Networks during the second quarter valued at approximately $9,811,000.

CEO Mark McLaughlin attributed the miss to "some execution challenges". The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The shares were sold at an average price of $127.32, for a total value of $3,382,383.12. The disclosure for this sale can be found here. The average numbers of shares are traded in a security per day, during the recent 3-month period.

Former President Obama Spotted Leaving Fifth Avenue Store
On Thursday, an Instagram photo showed Obama in SoHo at a restaurant with his daughter Malia . Obama is back in the U.S. after a brief holiday in the British Virgin Islands.

Several large investors have recently made changes to their positions in the company.

Elaborating on the outlook for the third quarter, the company said that it expects the non-GAAP earnings to be between 54 cents a share and 56 cents a share in Q3. Company has 79.00% insider ownership. The company's institutional ownership is monitored at 81.5 percent.

LightCyber CEO Gonen Fink said, "Palo Alto Networks has been driving a paradigm shift in the security industry with its natively engineered and highly automated Next-Generation Security Platform created to change the equation in how organizations prevent cyber breaches".

"This technology will complement the existing automated threat-prevention capabilities of our platform to help organisations not only improve but also scale their security protections to prevent cyber breaches".

Recommended News

  • New Volvo XC60 To Steer You Out Of Trouble With Advanced Tech

    New Volvo XC60 To Steer You Out Of Trouble With Advanced Tech

    The Oncoming Lane Mitigation system helps drivers avoid collisions with vehicles in an oncoming lane. . The new Volvo XC60 will be revealed at the Geneva Motor Show.

    Strenuous Workout May Kill Male Sex Drive

    The next step was to classify the men according to their workout habits, regarding whether they exercised for long or short time. They were categorized in groups based on the length and intensity of their workouts as well as on the strength of their libido.

    Toro Rosso aiming for best-ever fifth

    The bodywork is tightly packaged around the sidepods and the rear, but the auto retains a large airbox intake similar to the one on last year's Ferrari-powered vehicle .
  • John Oliver Offers Perfect Analogy For GOP's Obamacare 'Replacement' Plans

    John Oliver Offers Perfect Analogy For GOP's Obamacare 'Replacement' Plans

    Meanwhile, all Trump's talk about military spending and infrastructure spending has put a bid back into USD/JPY. Medicaid, which covers more than 70 million people, now is states' second-largest expense.
    Beloved hippo Gustavito brutally attacked in El Salvador zoo

    Beloved hippo Gustavito brutally attacked in El Salvador zoo

    Unfortunately the violence and homicide rate in El Salvador is extremely high, which sources relate to gang violence. Metal and rock that should not have been there were found inside the hippo enclosure after the attack.

    Group of Parisians launch Obama 2017 French presidential campaign

    If no candidate wins 50 per cent of the vote, the top two go through to a second-round run-off two weeks later. Over 27,000 people are reported to have already signed it. "Why not hire him as president of France?".
  • Senate approves Ryan Zinke as Interior secretary

    Senate confirmed Montana Congressman Ryan Zinke as Secretary of the Interior by a vote of 68 to 31 Wednesday morning. Zinke also indicated he would review increased oil and gas drilling and mining on federal land and offshore areas.
    What We Know About the Obamacare Replacement

    What We Know About the Obamacare Replacement

    President Donald Trump will lay out key details about his plan to repeal and replace Obamacare in Tuesday night's speech to Congress.

    Syrian opposition says to meet Russian officials at Geneva talks on Monday

    Hariri said he believed Moscow was shifting its stance but that he wanted to see constructive support on Tuesday. The Geneva talks are the fourth to take place under the United Nations auspices and the first since last April.
  • Goldman Says Tesla Stock Could Still Tumble 25%

    Goldman Says Tesla Stock Could Still Tumble 25%

    The fund owned 20,120 shares of the electric vehicle producer's stock after buying an additional 18,193 shares during the period. Tesla recently announced fourth-quarter and full-year financial results that dampened investor enthusiasm for the company.

    Iraq takes another major district in western Mosul

    Defense Secretary Jim Mattis visited Iraq and vowed that the U.S. will support Iraq in its fight against Islamic State jihadists. Another commander, Hisham Abdul Kadhem, said , "Right now, thank God, we're inside Mosul airport and in front of its terminal".

    Manmade probe to pay a visit to the Sun soon

    Firstly, SPP hopes to find out why there is such a vast discrepancy between the surface and atmospheric temperatures of the sun . He told LiveScience .com that researchers have had problems finding out more about the sun because "we're 93 million miles away".

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.