Palo Alto Networks Inc (NYSE:PANW), the next-generation security company, today announced the appointment of Nick Urick as Vice President of Federal Sales. He will be responsible for defining Palo Alto Networks go-to-market strategy for this dynamic vertical and leading the company’s fast-growing U.S. federal sales team.
- “The federal sector is a key growth area for Palo Alto Networks, and we’re thrilled to have Nick joining our team. He has a wealth of experience selling to the federal government and building high-performing teams that should prove instrumental to our continued success with DoD, Intel and Civilian customers.” – Mark Anderson, executive vice president of Worldwide Field Operations, Palo Alto Networks
- “I am excited to be joining Palo Alto Networks to help further establish its footprint in the federal government market; the Company has excellent momentum to date due to its compelling vision and unique, highly integrated and automated next-generation security platform.” – Nick Urick, vice president, Federal Sales at Palo Alto Networks
Nick has 25 years of experience selling to the federal government. Most recently, he was vice president of Federal Sales with FireEye, Inc. and, prior to that, led F5 Networks’ Federal Sales business through a period of unprecedented growth. Based in Maryland, Nick is a graduate of the University of Maryland. (Original Source)
Shares of Palo Alto Networks closed yesterday at $163.85. PANW has a 1-year high of $200.55 and a 1-year low of $100.40. The stock’s 50-day moving average is $172.46 and its 200-day moving average is $169.72.
On the ratings front, Palo Alto Networks has been the subject of a number of recent research reports. In a report issued on October 11, Gabelli & Co analyst Hendi Susanto maintained a Hold rating on PANW. Separately, on October 9, Deutsche Bank’s Karl Keirstead 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, Hendi Susanto and Karl Keirstead have a total average return of -1.7% and 5.5% respectively. Susanto has a success rate of 46.9% and is ranked #2901 out of 3808 analysts, while Keirstead has a success rate of 54.1% and is ranked #782.
The street is mostly Bullish on PANW stock. Out of 18 analysts who cover the stock, 16 suggest a Buy rating and 2 recommend to Hold the stock. The 12-month average price target assigned to the stock is $203.67, which implies an upside of 24.3% from current levels.
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.