New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 14, 2014
08:18 EDTPANWPalo Alto upgraded to Overweight from Equal Weight at Stephens
Note Palo Alto was also upgraded to Overweight this morning at Barclays.
News For PANW From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
December 1, 2015
10:09 EDTPANWOptions with decreasing implied volatility
Subscribe for More Information
November 25, 2015
10:00 EDTPANWOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Actelion (ALIOY) upgraded to Neutral from Sell at Citi... Alliance Data (ADS) assumed with an Overweight from Neutral at Piper Jaffray... BG Group (BRGYY) upgraded to Outperform from Sector Perform at RBC Capital... Cubic (CUB) upgraded to Buy from Hold at Benchmark... Frontline (FRO) upgraded to Neutral from Underperform at Credit Suisse... Hormel Foods (HRL) upgraded to Overweight at Stephens... ImmunoGen (IMGN) assumed with a Buy from Hold at Jefferies... Metro (MTTRY) upgraded to Buy from Hold at Jefferies... Palo Alto (PANW) upgraded to Buy from Hold at Argus... Pfizer (PFE) upgraded to Neutral from Reduce at SunTrust... Tech Data (TECD) upgraded to Market Perform from Underperform at Raymond James.
07:50 EDTPANWPalo Alto upgraded to Buy from Hold at Argus
After Palo Alto reported stronger than expected results, Argus notes that the company is obtaining much higher revenue from its largest customers than it did a year ago. The firm says the company's leadership in the IT security market is poised to widen. Target $227.
November 24, 2015
15:31 EDTPANWPalo Alto names Lucas Moody as Chief Information Security Officer
Palo Alto Networks announced the appointment of Lucas Moody as Chief Information Security Officer. He will report directly to the CFO and lead efforts to protect Palo Alto Networks information and technology assets while partnering with product management to contribute to continued product innovations.
10:29 EDTPANWPalo Alto seen adding confidence on IT security demand
The shares of IT security company Palo Alto (PANW) are rising after the company reported stronger than expected results last night. In a note to investors today, JPMorgan wrote that the results "should help restore investor confidence" in demand for IT security systems. WHAT'S NEW: Palo Alto reported first quarter earnings per share of 35c, versus analysts' consensus estimate of 32c. The company's revenue came in at $297M, versus the consensus outlook of $284M. The IT security company provided roughly in-line Q2 EPS guidance, while its Q2 revenue guidance came in slightly above expectations. "Security remains a strategic consideration embedded in virtually every IT decision, (and) as a result, the demand environment remains very healthy, said Palo Alto CEO Mark McLaughlin. ANALYST REACTION: Palo Alto's results should boost investors' confidence in the IT security demand environment, wrote JPMorgan analyst Sterling Auty. Palo Alto's results were "healthy" and the company's customer growth trends continue to be strong, the analyst stated. Moreover, the company is selling more of its products to each customer, Auty reported. As investors shift to valuing the company on cash flow, moving away from their current revenue based valuation method, the stock should rise, according to Auty, who kept a $216 price target and Overweight rating on the name. Palo Alto reported strong results, showing that the company is continuing to gain share in the new, fast growing next generation firewall and advanced threat detection market, according to Stephens analyst Jonathan Ruykhaver. Strong demand, good new products, and a wider distribution network will enable the company to deliver significant share gains and strong growth, believes the analyst, who increased his price target on the stock to $200 from $190. Also very upbeat on Palo Alto was Pacific Crest analyst Rob Owens. The company's growth continued to be "torrid" last quarter and it will clearly be among the winners in the IT security sector, wrote Owens, who raised his price target on the shares to $210 from $190 and kept an Overweight rating on the name. WHAT'S NOTABLE: Other publicly traded companies in the IT security space include Barracuda (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). PRICE ACTION: In early trading, Palo Alto climbed 7% to $184.22.
09:37 EDTPANWActive equity options trading on open
Active equity options trading on open: AAPL FB BAC DIS NFLX X YNDX GILD PANW SUNW
08:31 EDTPANWPalo Alto remains a top pick in software, says Cowen
Subscribe for More Information
07:33 EDTPANWPalo Alto Q3 results an all-around strong print, says UBS
Subscribe for More Information
07:26 EDTPANWPalo Alto price target raised to $210 from $190 at Pacific Crest
Subscribe for More Information
07:16 EDTPANWPalo Alto price target raised to $200 from $190 at Stephens
Subscribe for More Information
05:51 EDTPANWPalo Alto results should help restore confidence, says JPMorgan
Subscribe for More Information
November 23, 2015
20:08 EDTPANWOn The Fly: After Hours Movers
UP AFTER EARNINGS: Copart (CPRT), up 4.9%... Dycom (DY), up 4.6%... Palo Alto Networks (PANW), up 3.9%... Baozun (BZUN), up 6.7%. ALSO HIGHER: Xerox (XRX), up 6.7% after Carl Icahn reported a 7.13% stake in the company... Valeant (VRX), up 3.7% after Pershing Square increases stake in Valeant Pharmaceuticals to 9.9%. DOWN AFTER EARNINGS: Brocade (BRCD), down 5.5%... Ceres (CERE), down 10.3%... YY Inc. (YY), down 3.6%. ALSO LOWER: J.M. Smucker (SJM), down marginally after filing to sell 3.86M shares of common stock for holders.
16:05 EDTPANWPalo Alto sees Q2 EPS 38c-39c, consensus 38c
Sees Q2 revenue $314M-$318M, consensus $310.58M.
16:04 EDTPANWPalo Alto reports Q1 EPS 35c, consensus 32c
Subscribe for More Information
15:41 EDTPANWPalo Alto November weekly 172.5 straddle priced for 6.7% movement into Q1
Subscribe for More Information
15:28 EDTPANWNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Palo Alto (PANW), consensus 32c... Copart (CPRT), consensus 43c... Brocade (BRCD), consensus 24c... Post Holdings (POST), consensus 29c... YY (YY), consensus 82c... Dycom (DY), consensus $1.01... Cubic (CUB), consensus 96c... Enanta (ENTA), consensus 15c.
14:11 EDTPANWPalo Alto technical comments before earnings
The shares have recently completed a double bottom pattern, leaving them near the top of the recent trading range. That trading range is defined by a low at $150 and a high at $175. If the news is strongly bullish, a move above the top of the trading range would seem probable. Resistance levels to watch above $175 are at $178.74, $181.10, and $185.50. If the news is a negative disappointment, support levels to watch as potential downside objectives are at $167.28, $163.59, and 158.61.
07:25 EDTPANWPalo Alto volatility elevated into Q1 and outlook
Palo Alto November weekly call option implied volatility is at 68, December is at 47; compared to its 52-week range of 27 to 66, suggesting large near term price movement into the expected release of Q1 results on today.
November 20, 2015
15:22 EDTPANWPalo Alto volatility elevated into Q1 and outlook
Subscribe for More Information
November 19, 2015
07:15 EDTPANWPalo Alto Fortinet seen as potential Cisco takeover targets, says Oppenheimer
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use