In a report issued on June 8, Brad Zelnick from Credit Suisse maintained a Sell rating on Palo Alto Networks (NYSEArca: PANW), with a price target of $175. The company’s shares closed on Friday at $199.33.
According to TipRanks.com, Zelnick is a 4-star analyst with an average return of 12.6% and a 77.3% success rate. Zelnick covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Cornerstone Ondemand, and Ultimate Software.
Palo Alto Networks has an analyst consensus of Strong Buy, with a price target consensus of $227.50.
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Based on Palo Alto Networks’ latest earnings release for the quarter ending April 30, the company reported a quarterly GAAP net loss of $46.7 million. In comparison, last year the company had a GAAP net loss of $60.9 million.
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Palo Alto Networks, Inc. provides network security solutions to enterprises, service providers, and government entities. It specializes in network security functions which include threat protection, firewall, intrusion detection system, intrusion prevention system and uniform resource locator filtering.
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