Palo Alto Networks Inc (NYSE:PANW), the next-generation security company, today announced the appointment of Lucas Moody as Chief Information Security Officer (CISO). He will report directly to the CFO and lead efforts to protect Palo Alto Networks information and technology assets while partnering with product management to contribute to continued product innovations.
- “We are pleased to welcome Lucas to the team; he is an extremely capable and experienced cybersecurity professional who understands the growing imperative to approach security with a next-generation, breach prevention mindset, and we’re an even stronger organization with him leading our information security efforts.”
– Steffan Tomlinson, CFO and executive vice president, Palo Alto Networks
- “I have witnessed firsthand the growing complexity of today’s threat landscape and developed a passion for protecting the Internet community. The Palo Alto Networks mission of protecting our way of digital life by preventing successful cyberattacks aligns perfectly with my passion. I am pleased to be joining the team and contributing to this mission, both in leading our internal information security efforts and sharing best practices with our customers.”
– Lucas Moody, CISO, Palo Alto Networks
During his career, Lucas has lead security teams responsible for threat and incident management, cyber fraud investigation, infrastructure security, and enterprise security engineering. He has more than 15 years of experience in information security and, most recently, served as director of information security operations and engineering at Intuit. Lucas also has held senior security positions at eBay, KPMG and Oracle. (Original Source)
Shares of Palo Alto Networks closed today at $183.03, up $11.01 or 6.40%. PANW has a 1-year high of $200.55 and a 1-year low of $110.53. The stock’s 50-day moving average is $164.65 and its 200-day moving average is $171.53.
On the ratings front, Palo Alto has been the subject of a number of recent research reports. In a report released today, Morgan Stanley analyst Keith Weiss reiterated a Buy rating on PANW, with a price target of $207, which implies an upside of 15.3% from current levels. Separately, on the same day, Barclays’ Saket Kalia maintained a Buy rating on the stock and has a price target of $220.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Keith Weiss and Saket Kalia have a total average return of 19.5% and -2.2% respectively. Weiss has a success rate of 65.6% and is ranked #155 out of 3636 analysts, while Kalia has a success rate of 40.9% and is ranked #2718.
The street is mostly Bullish on PANW stock. Out of 24 analysts who cover the stock, 21 suggest a Buy rating and 3 recommend to Hold the stock. The 12-month average price target assigned to the stock is $203.56, which implies an upside of 13.4% from current levels.
Palo Alto Networks Inc offers an enterprise network security platform that allows enterprises, service providers, and government entities to secure their networks and safely enable applications running on their networks.