Palo Alto Networks Inc (NYSEARCA:PANW), the leader in enterprise security, and the Retail Cyber Intelligence Sharing Center (R-CISC) announced that Palo Alto Networks has joined the R-CISC community through the R-CISC Associate Member Program for cybersecurity industry leaders as its first platinum member.
The mission of the R-CISC is to create a trusted environment that facilitates threat intelligence and information sharing among global retailers, enhanced by incorporating insightful research and timely threat feeds from leading cybersecurity industry experts participating in its Associate Member Program. The Associate Member Program allows for the R-CISC’s retailer and commercial services member organizations to collaborate and share threat intelligence and critical cybersecurity information in real time with the industry’s leading security solutions providers.
As new cyber threats emerge and evolve, many retailers are utilizing threat intelligence sharing through the R-CISC to help in their efforts to prevent cyber attacks, which when undetected can compromise customer loyalty and brand reputation among consumers. Palo Alto Networks participation in the R-CISC Associate Program will provide R-CISC members with access to Palo Alto Networks threat intelligence, including information on advanced attacks, campaigns and adversaries from the AutoFocus and WildFire services, and the Unit 42 research and analysis team. This partnership will open up many exciting new opportunities including joint research to be developed specifically to empower retailers with actionable, prioritized information that will enable the prevention of and response to cyber breaches. (Original Source)
Shares of Palo Alto Networks closed yesterday at $171.85 . PANW has a 1-year high of $185 and a 1-year low of $73.12. The stock’s 50-day moving average is $168.97 and its 200-day moving average is $144.86.
On the ratings front, Palo Alto Networks has been the subject of a number of recent research reports. In a report issued on June 26, Barclays analyst Saket Kalia maintained a Buy rating on PANW, with a price target of $210, which represents a potential upside of 22.2% from where the stock is currently trading. Separately, on June 24, Robert W. Baird’s Jayson Noland maintained a Buy rating on the stock and has a price target of $210.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Saket Kalia and Jayson Noland have a total average return of -1.5% and 18.6% respectively. Kalia has a success rate of 30.8% and is ranked #2827 out of 3684 analysts, while Noland has a success rate of 58.3% and is ranked #434.
The street is mostly Bullish on PANW stock. Out of 13 analysts who cover the stock, 11 suggest a Buy rating and 2 recommend to Hold the stock. The 12-month average price target assigned to the stock is $182.00, which represents a potential upside of 5.9% from where the stock is currently trading.
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.