|Bid||208.12 x 1000|
|Ask||230.40 x 1200|
|Day's range||209.71 - 215.25|
|52-week range||126.56 - 217.40|
|PE ratio (TTM)||N/A|
|Earnings date||29 Aug 2018 - 4 Sep 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||226.76|
Let's check out the reasons for the impressive surge in Palo Alto Networks' (PANW) share price and consider why the company will continue its momentum in the near term as well.
The Palo Alto, Calif., firm is raising True Ventures Select III and True Ventures VI, according to the filings. True Ventures V closed in 2016 at $317 million.
The cybersecurity specialist kept up its impressive streak of results, so the unenthusiastic response was more than surprising.
Palo Alto Networks’ new chairman and chief executive cemented his place at the company in his second and third days on the job. Nikesh Arora was named to the chairman and CEO posts effective June 6. On June 7 and 8 he bought 33,255 Palo Alto shares (PANW) for $6.6 million, or $199.20 each on average.
Jim Cramer gets Cisco Systems Chairman and CEO Chuck Robbins' take on his computer hardware company's latest venture with Alphabet's Google.
On May 28, Symantec’s (SYMC) market capitalization stood at ~$13.1 billion. The market cap levels of its security service peers Fortinet (FTNT), Palo Alto Networks (PANW), and FireEye (FEYE) stood at ~$10.2 billion, ~$19.2 billion, and ~$3.2 billion, respectively.
Jim Cramer dissects the red-hot leadership in retail, and whether investors should be shopping or dropping the group.
Jim Cramer hears from Palo Alto Networks' incoming CEO Nikesh Arora and outgoing CEO Mark McLaughlin as he prepares to step down.
Healthy demand environment, product launches and increasing adoption of next-generation security platforms drive Palo Alto Networks' (PANW) Q3 results.
Anadarko Petroleum, Symantec and Palo Alto Networks highlighted as Zacks Bull and Bear of the Day
Symantec’s (SYMC) debt levels in the last two years have increased at a rapid pace, driven by the acquisition of Blue Coat Systems for ~$4.7 billion and LifeLock for $2.3 billion. In the last five years, Symantec has returned ~$7.7 billion to its investors through share buybacks and dividends. Symantec security products are generally sold in a bundle with laptops and PCs.
The next-gen cybersecurity platform leader has a new boss starting this week. In the meantime, it just delivered another impressive quarter.
Symantec’s (SYMC) Enterprise Security business segment, which comprises more than 50.0% of its total business, is driven by strong demand for enterprise security products. Its robust product portfolio, coupled with innovative product launches, drives the company’s segmental business.
Shares in Palo Alto Networks fell after it tapped a former Softbank and Google executive as its next chairman and chief executive and analysts pondered what that means for the cybersecurity firm.
Palo Alto Networks Inc. shares fell Monday following the surprise announcement of a new chief executive and a weak earnings outlook just before posting strong quarterly results. Palo Alto (PANW) shares on Monday opened briefly above their Friday close, touched an all-time high of $214.69, and quickly dropped lower. Overshadowing earnings, however, was the announcement made late Friday that Mark McLaughlin was being succeeded as chairman and chief executive by Nikesh Arora, who has held C-level positions at SoftBank and Google.
Palo Alto Networks (PANW) is falling close to 4% this morning on weak guidance. The company beat revenues $567 million to $546 million consensus and EPS coming in at $0.99 vs. $0.95. Their billings number of $721 million came in up 33% year-over-year. The company then guided revenues to $630 million at the midpoint, above the street’s $618 million for July. EPS was then guided below the street at $1.21, coming in at $1.15 to $1.17. That could be construed as just conservative. However the billings guide came in at a midpoint of +23%, much lower than the +33% they just posted. Overall the company sounded bullish, with Kathy Bonanno the CFO saying “We drove market-leading top-line results through new customer acquisition and lifetime value expansion in the third quarter”, indicating solid uptake in cross and up-selling clients.
Nikesh Arora could become one of the highest-paid U.S. executives after being named to lead Palo Alto Networks Inc., which granted him a pay package worth about $128 million. Arora, 50, is entitled to equity awards worth as much as $126 million when he takes over as chief executive officer on June 6, the Santa Clara, California-based company said Monday in a regulatory filing. Arora, who spent two years at SoftBank Group Corp. as founder Masayoshi Son’s No. 2, became Japan’s best-compensated public company executive in 2015.
On May 28, 30 analysts tracked Symantec (SYMC) stock. One analyst offered a “buy” rating, and almost 90% provided “hold” ratings. One analyst each gave “underweight” and “sell” ratings.
The Dow Jones industrial average led the stock market's advance early Monday. Facebook fell 1% amid a New York Times report.
Dow stocks led an early advance Monday, as China's markets booked strong gains and Merck charged to the head of the Dow.
Groupon, Container Store Group, Palo Alto Networks, Ambarella and Broadcom highlighted as Zacks Bull and Bear of the Day
There are a number of reasons that attract investors towards large-cap companies such as Palo Alto Networks Inc (NYSE:PANW), with a market cap of US$19.26B. Big corporations are much soughtRead More...