Palo Alto Networks (PANW) Earning Somewhat Positive Press Coverage, Study Shows
News stories about Palo Alto Networks (NYSE:PANW) have been trending somewhat positive this week, according to Accern. Accern scores the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Palo Alto Networks earned a news impact score of 0.11 on Accern’s scale. Accern also assigned press coverage about the network technology company an impact score of 45.5415285441629 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- Insider Selling: Palo Alto Networks Inc (PANW) EVP Sells 30,000 Shares of Stock (americanbankingnews.com)
- Palo Alto Networks Sees Relative Strength Rating Climb To 73 (finance.yahoo.com)
- Phishing Mitigation Leader, IRONSCALES, Hires Adam Hofeler as Vice President of Sales for the Americas (prweb.com)
- Palo Alto Networks Inc (PANW) Director Sells $11,448,840.00 in Stock (americanbankingnews.com)
- Palo Alto Networks Inc (PANW) Director Sells $9,985,800.00 in Stock (americanbankingnews.com)
Palo Alto Networks (NYSE:PANW) traded down $0.42 during trading hours on Thursday, hitting $149.26. 1,130,000 shares of the stock traded hands, compared to its average volume of 1,480,000. Palo Alto Networks has a 1-year low of $107.31 and a 1-year high of $157.65. The firm has a market capitalization of $13,720.00, a P/E ratio of -60.67 and a beta of 0.99.
Several equities analysts recently issued reports on PANW shares. Oppenheimer reissued a “buy” rating and set a $180.00 price objective (up from $173.00) on shares of Palo Alto Networks in a report on Tuesday, November 21st. Northland Securities set a $175.00 price objective on shares of Palo Alto Networks and gave the company a “buy” rating in a report on Wednesday, October 18th. Zacks Investment Research lowered shares of Palo Alto Networks from a “hold” rating to a “sell” rating in a report on Monday, November 13th. Telsey Advisory Group lifted their price objective on shares of Palo Alto Networks from $165.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, November 22nd. Finally, Sanford C. Bernstein lifted their price objective on shares of Palo Alto Networks from $180.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, November 21st. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty-two have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $164.89.
In related news, insider Nir Zuk sold 146,000 shares of the business’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $149.86, for a total transaction of $21,879,560.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Mark D. Mclaughlin sold 35,000 shares of the business’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $149.70, for a total transaction of $5,239,500.00. The disclosure for this sale can be found here. Insiders have sold 524,387 shares of company stock valued at $77,822,080 over the last quarter. Insiders own 4.80% of the company’s stock.
About Palo Alto Networks
Palo Alto Networks, Inc offers a next-generation security platform. The Company’s security platform consists of three elements: Next-Generation Firewall, Advanced Endpoint Protection and Threat Intelligence Cloud. Its Next-Generation Firewall delivers application, user and content visibility and control, as well as protection against network-based cyber threats integrated within the firewall through its hardware and software architecture.
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