Palo Alto Networks (PANW) Q2 Loss Widens, Revenues Miss

The stock has relative volume of 2.78. Frontier Wealth Management LLC raised its stake in Palo Alto Networks by 4.1% in the second quarter.

The stock is now trading at a distance of 5.71% from SMA-20.

Palo Alto Networks has 91,686,000 shares in issue which have a share price of 118.21 giving Palo Alto Networks a market capitalisation of 10.84B Dollars. The Market Cap of the company stands at 14.09 Billion. These holdings make up 87.02% of the company's outstanding shares. Hedge funds and other institutional investors own 86.51% of the company's stock. (NYSE:PANW) traded down 0.06% on Friday, hitting $125.05.

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While taking a glance at financials, we can look at a number of key indicators about Palo Alto Networks, Inc.'s (PANW ) . RBC Capital Markets reduced their target price on Palo Alto Networks to $140.00 in a report on Wednesday. Palo Alto believes that traditional antivirus (AV) security measures can no longer stop today's cyber attacks.

Cisco Systems' (CSCO) push into the security market could be one reason for woes at Palo Alto Networks (PANW), whose stock plunged in premarket action Wednesday after the company reported fiscal second-quarter revenue, billings and guidance all below street expectations. On the other hand, the company had reported the adjusted revenue growth of 26.3 percent to $422.6 million in the second quarter 2017, missing the analysts' estimates for revenue of $429.7 million. Likewise, the positive performance for the quarter was recorded as 7.34% and for the year was 4.91%, while the YTD performance remained at 21.47%. The figure was significantly wider than the Zacks Consensus Estimate of a loss of 38 cents.

Geographically, on a year-over-year basis, revenues from the Americas increased 28% and represented 69% of total revenue.

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Current levels places Palo Alto Networks, Inc. Summit Redstone started coverage on shares of Palo Alto Networks in a report on Friday, December 2nd. The stock tapped a 52-week high of US$165.69 while the mean 12-month price target for the shares is US$172.09. Fourteen research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of "Buy" and a consensus target price of $173.93. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

CEO Mark McLaughlin attributed the miss to "some execution challenges". After improving a respectable 0.7% last quarter, Best Buy said it expects same-store sales for the quarter already underway to fall between 1.5% in 2.5%. The disclosure for this sale can be found here.

Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is negative on the stock. "Our customers rely on us to solve their most hard cybersecurity challenges, and we have yet again widened the technology gap between our Next-Generation Security Platform and the competition with the largest product and features launch in our history, including expansion of our virtual and cloud capabilities".

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