Palo Alto Networks Buys Israeli Startup LightCyber for $130 Million

Palo Alto Networks Buys Israeli Startup LightCyber for $130 Million

Here are 5 key statistics from this just announced report below.

11/22/2016 - Palo Alto Networks, Inc. had its " rating reiterated by analysts at BTIG Research.

01/18/2017 - Jefferies began new coverage on Palo Alto Networks, Inc. giving the company a " rating. Brinker Capital Inc. raised its stake in shares of Palo Alto Networks by 1.1% in the second quarter. Analyst's mean target price for PANW is $172.09 while analysts mean recommendation is 1.80. If you are reading this story on another publication, it was stolen and republished in violation of U.S. and worldwide trademark and copyright legislation.

Among analysts who offered their Analysis on Palo Alto Networks, Inc. For the week, the stock is performing -2.50%.

It was the company's guidance that served as the stumbling block for BBY shares, however. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. But should you snap up this tech stock on Day 1? The disclosure for this sale can be found here. Insiders sold a total of 39,470 shares of company stock worth $5,023,525 over the last 90 days. I have no business relationship with any company whose stock is mentioned in this article.

Several hedge funds have recently bought and sold shares of the company.

Palo Alto Networks exited the second quarter with cash, cash equivalents and short-term investments of approximately $1.354 billion compared with $1.390 billion in the previous quarter.

The company has annual revenue of $10 million.

Continuing with its dismal performance, Palo Alto Networks Inc. Finally, Seatown Holdings Pte.

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01/17/2017 - Palo Alto Networks, Inc. had its " rating reiterated by analysts at William Blair. Hedge funds and other institutional investors own 86.51% of the company's stock.

Trading volume is a hugely important consideration for any investor. Palo Alto Networks (PANW) reported that its acquisition of LightCyber, a privately held cybersecurity company that has developed award-winning, highly automated and accurate behavioral analytics technology.

Shares of Palo Alto Networks were on track for their worst daily decline on record, plummeting 23.6% to less than $116 in afternoon trade. The stock's market cap is $14.24 billion.

On 02/27/2017, BMO Capital Markets released a statement on Palo Alto Networks (NYSE:PANW) upped the target price from $150.00 to $160.00 that suggested an upside of 0.04%.

The company is expected to report earnings of $2.89 per share for the current quarter, according to consensus agreement of 11 analysts. Revenue, however, of $422.6 million came up short of the estimated $429.5 million. (NYSE:PANW) yearly performance is 4.91% and net profit margin is -16.80%.

"We lower our F3Q16 revenue/EPS estimate to $411M/$0.55 from $444M/$0.73".

They expect $-0.38 EPS, up 118.42% or $0.45 from last year's $-0.83 per share.

"This technology will complement the existing automated threat-prevention capabilities of our platform to help organisations not only improve but also scale their security protections to prevent cyber breaches".