Over the last twelve months Palo Alto Networks's share price has increased from 0.00 to 142.9, changing by 0%. The analysts' are expecting the adjusted earnings per share of $0.63 at the consensus total revenue of $439.28 million. Palo Alto Networks is amplifying its messaging and partner training to help ensure that customers perceive the vendor as a platform partner rather than a point product vendor.
Ho believes, "While Palo Alto has subsequently booked some of these deals, the company maintained a more cautious view reflecting continuation of the uncertainty".
Palo Alto Networks, Inc.'s (PANW) witnessed a loss of -0.18% in recent trading period with closing price of $ 161.06. "The power of our hybrid-SaaS model was also evident as we continued to grow multiples of our total addressable market at scale, resulting in record quarterly deferred revenue, cash flow from operations of $203.3 million, and free cash flow of $182.4 million".
The broker said it has now set a "Outperform" rating on shares of Palo Alto Networks with a price target of 170.
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The company also said CEO Donnie Smith will step down at the end of this year, and company president Tom Hayes will replace him. Australia's S&P ASX/200 added 1.2 percent to 5,413.30 and the Shanghai Composite Index climbed 0.8 percent to 3,242.13.
With the company's Oil & Gas's merger with Baker Hughes allowing the giant to revolutionize its reliance on energy capital costs bolstering three substantially developed "avenues to create value until energy capital spending recovers", the analyst praises GE's stellar position, anticipating recovery will start circling around 2019 and 2020. The company's stock has grown by 88.18 percent in the past 5 years. The research report and subsequent rating should be used to complement individual homework and strategy. The stock stands 5.23% above the average-price of 50 days and 4.78% compared with the SMA 20. The consensus recommendation by Thomson Reuters analysts is Hold and their mean rating for the stock is 3.00 on scale of 1-5. Following the sale, the insider now owns 1,983,157 shares in the company, valued at $297,771,023.55. Palo Alto Networks had a negative return on equity of 34.28% and a negative net margin of 16.39%. (NYSE:PANW). The report is likely to be publicized on or around 2016-11-21. The network technology company reported $0.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.50.
When the current quarter ends, Wall Street expects Palo Alto Networks, Inc.to have earnings per share of $0.53. Ayalon Holdings Ltd. raised its stake in shares of Palo Alto Networks by 110.0% in the second quarter.
A number of large investors have recently bought and sold shares of PANW. PANW has an average price target of $180, which is a further upside of 28.4%. Integrated Investment Consultants LLC raised its stake in Palo Alto Networks by 6.7% in the second quarter. PANW has signed agreements with leading service providers in APAC and the product Traps advanced endpoint protection has received independent verification from Coalfire Systems, which is a leader in cyber risk management and compliance services and a Qualified Security Assessor.
In August Palo Alto Networks announced it is delivering threat analysis and prevention capabilities to customers in the European Union (EU) by hosting WildFire, its cloud-based threat analysis service, in a data center in the Netherlands.