In a report released today, Jonathan Ruykhaver from Robert W. Baird reiterated a Buy rating on Palo Alto Networks (PANW), with a price target of $290. The company’s shares closed yesterday at $223.69.
According to TipRanks.com, Ruykhaver is a 5-star analyst with an average return of 24.2% and a 74.4% success rate. Ruykhaver covers the Technology sector, focusing on stocks such as Forescout Technologies Inc, Carbon Black Inc, and Varonis Systems.
Currently, the analyst consensus on Palo Alto Networks is a Strong Buy with an average price target of $280.08.
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Based on Palo Alto Networks’ latest earnings release for the quarter ending January 31, the company reported a quarterly GAAP net loss of $2.6 million. In comparison, last year the company had a GAAP net loss of $46.7 million.
Based on the recent corporate insider activity of 117 insiders, corporate insider sentiment is negative on the stock.
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Palo Alto Networks, Inc. engages in the provision of network security solutions to enterprises, service providers, and government entities. It specializes in network security functions which include threat protection, firewalls, intrusion detection systems, intrusion prevention systems and uniform resource locator filtering.
