Palo Alto Networks Inc (NYSE:PANW), the next-generation security company, today announced the addition of two decorated military and intelligence leaders to further enhance the company’s cybersecurity strategy and global policy expertise.
Retired U.S. Army Major General John Davis will serve as Federal Chief Security Officer (CSO) at Palo Alto Networks and brings extensive cyber experience into the new role. His responsibilities include expanding cybersecurity initiatives and global policy for the international public sector and assisting governments around the world to successfully prevent cybersecurity attacks. He left the Pentagon in May 2015 as the Senior Military Advisor for Cyber to the Under Secretary of Defense for Policy and served as the Acting Deputy Assistant Secretary of Defense for Cyber Policy. Prior to this assignment, Davis served in multiple leadership positions in special operations, information operations, and cyber and earned multiple military decorations.
Sir Iain Lobban has joined the Palo Alto Networks Public Sector Advisory Council, which serves as a sounding board for Palo Alto Networks roadmap and vision for the needs of the international public sector, as well as strategy and policy relevant to global cybersecurity. An internationally respected leader, he was Director of Government Communications Headquarters (GCHQ) in the United Kingdom from 2008 – 2014, having served as Director General of Operations from 2004-2008. This is where Lobban pioneered an integrated service of intelligence and security. A Partner and senior strategy adviser at C5 Holdings, he is also on the Board Financial Crime Risk Committee at Standard Chartered Bank.
- “I am honored that Sir Iain Lobban and Major General John Davis are joining the Palo Alto Networks team. These two incredibly distinguished public servants, each with deep cybersecurity expertise, will be tremendous allies in our efforts to prevent cyber attacks around the world through the strategic combination of people, process, and technology.”
– Mark McLaughlin, CEO and President at Palo Alto Networks
- “I’m really looking forward to working with the world class leadership team at Palo Alto Networks and delighted to join the terrific experts who make up their Public Sector Advisory Council. I believe the Council’s experience and perspectives can bring something unique to the dialogue around cybersecurity strategy and policy worldwide.”
– Sir Iain Lobban, Palo Alto Networks Public Sector Advisory Council Member and Former Director, Government Communications Headquarters for the United Kingdom
- “A comprehensive cyber defense is essential for every government around the world and every company competing in the global economy. Everyone has a part to play when combating cybersecurity threats, and I look forward to being a part of the Palo Alto Networks leadership team to better assist the global community’s ability to not only combat the threats we face today, but work together to thwart future attacks.”
– Major General John Davis, Federal CSO at Palo Alto Networks. (Original Source)
Shares of Palo Alto Networks closed today at $175.70, down $5.11 or 2.83%. PANW has a 1-year high of $200.55 and a 1-year low of $87.83. The stock’s 50-day moving average is $172.06 and its 200-day moving average is $166.05.
On the ratings front, PANW has been the subject of a number of recent research reports. In a report issued on September 11, William Blair analyst Jonathan Ho reiterated a Buy rating on PANW. Separately, on September 10, UBS’s Brent Thill reiterated a Buy rating on the stock and has a price target of $202.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Jonathan Ho and Brent Thill have a total average return of 15.3% and 12.7% respectively. Ho has a success rate of 65.6% and is ranked #448 out of 3759 analysts, while Thill has a success rate of 65.9% and is ranked #115.
Overall, one research analyst has assigned a Hold rating and 16 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $201.71 which is 12.3% above where the stock opened today.
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.