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Stock analysts at Imperial Capital initiated coverage on shares of Palo Alto Networks (NASDAQ:PANW) in a report issued on Thursday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $95.00 price target on the stock. Imperial Capital’s price target indicates a potential upside of 12.25% from the company’s current price.

In other Palo Alto Networks news, Insider Nir Zuk unloaded 30,000 shares of the company’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $80.35, for a total value of $2,410,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Palo Alto Networks (NASDAQ:PANW) opened at 84.63 on Thursday. Palo Alto Networks has a 52-week low of $40.36 and a 52-week high of $87.79. The stock has a 50-day moving average of $80.52 and a 200-day moving average of $72.79. The company’s market cap is $6.523 billion.

Palo Alto Networks (NASDAQ:PANW) last announced its earnings results on Wednesday, May 28th. The company reported $0.11 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.10 by $0.01. The company had revenue of $150.70 million for the quarter, compared to the consensus estimate of $146.13 million. During the same quarter last year, the company posted $0.06 earnings per share. Palo Alto Networks’s revenue was up 48.8% compared to the same quarter last year. On average, analysts predict that Palo Alto Networks will post $0.40 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Piper Jaffray initiated coverage on shares of Palo Alto Networks in a research note on Tuesday. They set an “overweight” rating and a $100.00 price target on the stock. Separately, analysts at Zacks upgraded shares of Palo Alto Networks from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 29th. They now have a $83.10 price target on the stock. Finally, analysts at Pacific Crest reiterated an “outperform” rating on shares of Palo Alto Networks in a research note on Thursday, July 17th. They now have a $105.00 price target on the stock, up previously from $90.00. Six research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $86.21.

Palo Alto Networks, Inc offers a network security platform that allows enterprises, service providers, and government entities to secure their networks.

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