In a report issued on February 22, Adam Tindle from Raymond James maintained a Hold rating on Palo Alto Networks (PANW). The company’s shares closed last Tuesday at $377.86, close to its 52-week high of $403.00.
According to TipRanks.com, Tindle is a 3-star analyst with an average return of 4.7% and a 53.4% success rate. Tindle covers the Technology sector, focusing on stocks such as Ping Identity Holding, Insight Enterprises, and Motorola Solutions.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Palo Alto Networks with a $437.08 average price target, a 15.6% upside from current levels. In a report issued on February 16, UBS also maintained a Hold rating on the stock with a $415.00 price target.
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Based on Palo Alto Networks’ latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $946 million and GAAP net loss of $92.2 million. In comparison, last year the company earned revenue of $817 million and had a GAAP net loss of $73.7 million.
Based on the recent corporate insider activity of 87 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PANW in relation to earlier this year.
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Palo Alto Networks, Inc. engages in the provision of network security solutions to enterprises, service providers, and government entities. It operates through the following geographical segments: Americas; Europe, the Middle East, and Africa; and Asia Pacific and Japan. The company was founded by Nir Zuk, Rajiv Batra and Yu Ming Mao in March 01, 2005 and is headquartered in Santa Clara, CA.
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