Palo Alto Networks Inc's (PANW) Management Points Finger At GTM Strategy

Mar 02, 2017, 00:39

The company reported a net loss of $60.6 million in its Q2 results, which translates to 67 cents a share on $422.6 million revenue.

The news comes just hours after Palo Alto's shares dropped dramatically following a weaker-than-expected second quarter performance. The consensus estimate is for EPS of $0.70. The action so far has landed shares on the top loser list for the morning session.Palo Alto Networks, Inc.

Over the last twelve months Palo Alto Networks's stock price has increased by 2.19% from 148.64 to 151.9. If you are reading this piece of content on another website, it was illegally stolen and reposted in violation of U.S. & worldwide copyright and trademark laws. But should you snap up this tech stock on Day 1? The Market Cap of the company stands at 14.09 Billion.

According to Zacks, "Palo Alto Networks offers network security solutions to enterprises, service providers and government entities worldwide". Following the completion of the sale, the chief executive officer now owns 568,760 shares of the company's stock, valued at $72,414,523.20. While George Soros sold out his Palo shares, other fund managers like Michael L Gordon and Scott Kapnick initiated new $2.13 billion and $17.6 million positions in the stock respectively. Company insiders own 4.80% of the company's stock.

Palo Alto Networks (NYSE:PANW) last issued its quarterly earnings data on Tuesday, February 28th.

Analyst's Perspective on Rating and Recommendation: Bloomin' Brands Inc (NASDAQ:BLMN)
Maplelane Capital LLC acquired a new stake in shares of Bloomin' Brands during the second quarter worth approximately $7,550,000. The share price of Bloomin' Brands (NASDAQ:BLMN) was down -3.99% during the last trading session, with a day high of 17.52.

Your Cat's Parasite Won't Make You Psychotic, Study Says
As such, we recommend that pregnant women should continue to follow advice not to handle soiled cat litter in case it contains. That said, separate evidence that suggests parasite exposure can lead to general health problems in children hold up.

Derrick Lewis continues vicious trolling of Travis Browne
Following the fight, Lewis took to social media where he posted an edited photo of Browne laid out on the canvas. Lewis was riding a five fight win streak going into the fight, winning four by stoppage.

Palo Alto Networks chairman and CEO Mark McLaughlin said, "The LightCyber team's vision to bring automation and machine learning to bear in addressing the very hard task of identifying otherwise undetected and often very sophisticated attacks inside the network is well-aligned with our platform approach". Recognized by Gartner in two recent market guides, LightCyber has been leading the industry in the development of automated behavioral analytics capabilities, using sophisticated machine learning to quickly, efficiently and accurately identify attacks based on identifying behavioral anomalies inside the network.

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. Also weighing on the stock - which is down 7% in electronic trading - is the firm's 2017 forecast for Exondys 51, its only drug. The retailer isn't looking for much, if any, revenue growth this year either. Finally, Summit Redstone started coverage on shares of Palo Alto Networks in a research note on Friday, December 2nd.

"Sales execution issues, three words software investors hate to hear, but this is something that so many companies go through at some stage of their evolution.The changes needed to get things back on track in these situations typically take 3-4 quarters to run their course". Wunderlich Capital Managemnt increased its stake in shares of Palo Alto Networks by 83.7% in the second quarter. Their platform combines network, cloud and endpoint security with advanced threat intelligence which allows for preventive protection against cyber threats.

Here we discussed Analysts views what they told about Palo Alto Networks, Inc. Its Next-Generation Firewall delivers application, user and content visibility and control, as well as protection against network-based cyber threats integrated within the firewall through its hardware and software architecture.

  • Church plans Ash Wednesday drive-thru

    A Christian think tank says an LGBT advocacy group is attempting to politicize the beginning of the 40-day Lenten season. The " Glitter Ash Wednesday" initiative was created by the NY faith-based organization "Parity".
    Giraffe birth video returns to YouTube

    Giraffe birth video returns to YouTube

    A giraffe Animal Adventure Park at Harpursvile, NY is expecting a calf, and the park is live streaming the birth. The live feed went viral and was up for several hours before it was abruptly pulled off air Thursday morning.

    Iraqi forces storm Mosul airport, military base

    The Pentagon has said that there will not be a public announcement that accompanies the strategy review. The campaign involves a 100,000-strong force of Iraqi troops, Kurdish fighters and Shi'ite militias.
  • Celine Dion rocks retro look to unveil new accessories line

    Celine Dion rocks retro look to unveil new accessories line

    Meanwhile, the "Because You Loved Me" musician recently said her family was "doing really well" one year on from Rene's passing. Angelil, who was married to Dion for over 21 years, died in January 2016 after a long battle with throat cancer.
    Jimmy Kimmel maybe, kind of, possibly announced his retirement date

    Jimmy Kimmel maybe, kind of, possibly announced his retirement date

    They only signed on in November, leaving little time for the preparation involved in putting together this mammoth production. And in an interview ahead of Kimmel's big hosting night, the host doesn't appear to have much planned in regards to Trump.
    Bale returns, helps Real bolster lead

    Bale returns, helps Real bolster lead

    Gareth Bale was named on the bench after recovering from injury, while Keylor Navas , Luka Modric and Karim Benzema were rested. Real Madrid have held a training session ahead of their upcoming match in the Spanish La Liga .
  • S Korean Foreign Minister to Raise Issue of N Korea's Chemical Weapons

    Police previously said the airport had not been decontaminated but that passengers should be confident it was safe. The announcement that VX was used in a crowded airport generated alarm in Malaysia and around the world.
    Little Mix win 'British single' prize at BRIT Awards

    Little Mix win 'British single' prize at BRIT Awards

    We know, we would've felt the same way! See all the winners on as the ceremony progresses. Also nominated: Anohni, Ellie Goulding, Lianne La Havas, NAO. "I'm just really happy to be here".

    Disney Research turns a whole room into a wireless charger

    This breakthrough technology may usher in the ubiquitous wireless power era much like the Wi-Fi we enjoy today. Of course, you'll need a coil receiver attached to the bottom of the phone to capture the charge.
  • Mexican officials riled by Trump's new deportation memos

    Mexican officials riled by Trump's new deportation memos

    They will discuss border security, law-enforcement cooperation, trade and other issues, the State Department said. The relations between Mexico and the United States were chilly long before disclosure of the deportation plan.

    Verizon Gets a Fix on 5G Trials

    Verizon's announcement comes shortly after AT&T described its plans for "5G evolution" testing in Austin and Indianapolis . Verizon has yet to comment on what kind of speeds the pilot cities will be experiencing.

    Singapore PM to Netanyahu: Stick with 2

    However, Trump said he expects Israel to temporarily halt the expansion of the settlements, Jewish communities built on Palestinian lands.