Equities research analysts expect that Palo Alto Networks will post $2.78 earnings per share for the current fiscal year.
11/22/2016 - Palo Alto Networks, Inc. had its " rating reiterated by analysts at Needham & Company. A stock experiencing a high level of volatility has a higher ATR, and a low volatility stock has a lower ATR. For the week, the stock is performing -2.50%. Frontier Wealth Management LLC raised its stake in Palo Alto Networks by 4.1% in the second quarter. The stock, after opening at $119.96, is now trading at $119.28 by scoring -21.47%. The stock's market capitalization is $10.86 billion. The company's institutional ownership is monitored at 81.5 percent. The stock has tumbled to an 8-month low. (NYSE:PANW) is trading up on a volume of 1.41 million, or 0.95 times its standard daily volume. 952,964 shares of the company traded hands. The stock's 50 day moving average price is $147.84 and its 200-day moving average price is $144.63. A next-generation market leader has yet to emerge in this space, which leaves room for Palo Alto to expand its customer base quickly.
Palo Alto Networks (PANW) late Tuesday posted fiscal 2017 second-quarter revenues that fell short of Wall Street's expectations and guided third-quarter earnings and revenue that were below consensus estimates, much to the chagrin of investors. The Santa Clara, Calif., company reported adjusted earnings per share of 63 cents, a penny higher than the average forecast by analysts, according to FactSet.
During last one year month it performed at 4.91%. Wipro Limited (NYSE:WIT) quarterly performance is 1.14% while its year to date (YTD) performance is 1.35%. The difference between the estimated and actual earnings was $0.02 per share. During the same period in the previous year, the business earned $0.40 EPS.
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We can see that the analyst consensus rating on TipRanks is moderate buy based on analyst recommendations published in the last three months, with an average price target of $159.63 that translates into a potential 4.3% upside from the current share price of $153.01. Wells Fargo & Company started coverage on Palo Alto Networks in a report on Wednesday, January 11th.
Price Target plays a critical role when it comes to the Analysis of a Stock. They now have a Dollars 160 price target on the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Currently, the stock carries a price to earnings ratio of 0, a price to book ratio of 15.92, and a price to sales ratio of 9.4. The disclosure for this sale can be found here. Wunderlich Capital Managemnt now owns 1,159 shares of the network technology company's stock valued at $142,000 after buying an additional 528 shares during the period.
After Tuesday's closing bell, Palo Alto said revenue grew 26% year-over-year to $422.6 million, but that missed analysts' estimates of $429.5 million. It offers network security functions which include threat protection, firewall, intrusion detection system, intrusion prevention system and uniform resource locator filtering.