Palo Alto Networks News
Next-gen security company Palo Alto Networks ( PANW ) certainly does not look all that cheap on backward-looking metrics like price/sales, but the company's share gain prospects and well above-average ...
Palo Alto Networks Again Positioned in the Leaders Quadrant of the Magic Quadrant for Enterprise Network FirewallsPR Newswire 04/17 13:03 ET
SANTA CLARA, Calif., April 17, 2014 /PRNewswire/ -- Palo Alto Networks® (PANW), the leader in enterprise security, today announced it has been positioned by Gartner Inc. in the "leaders" quadrant of the April 15, 2014 "Magic Quadrant for Enterprise Network Firewalls." This is the third year that Palo Alto Networks has been recognized as a leader in the Magic Quadrant for Enterprise Firewalls. "We're thrilled to once again be named a leader in Gartner's Magic Quadrant for enterprise firewalls report. We believe this echoes the momentum we've been experiencing as enterprise organizations see the value of a truly next-generation security platform – one that safely enables all applications and proactively prevents cyber threats for all users on any device across any network." Nine years ago, Palo Alto Networks changed the network security industry with the introduction of the next-generation firewall.
Stocks with insider trader activity include GOOG, PANW and DK
Palo Alto Networks was a winner within the computer hardware industry, rising $2.42 (3.7%) to $68.36 on average volume
Stocks with insider trader activity include AA, ECPG and PANW
Shares of security technology vendor Palo Alto Networks (PANW) are up $3.36, or 5.2%, at $67.66, after Stephens & Co.'s Jonathan Ruykhaver this morning raised his rating on the shares to Overweight from Equal Weight, and raised his price target to $85 from $75, writing that he hosted meetings with management and investors last week and "the tone of the meetings was very positive, in our view, suggesting continued strong fundamental drives in the nascent and fast growing Next Generation Firewall (NGFW) market." Ruykhaver opines "Palo Alto is well positioned to continue taking share from incumbent network and endpoint security vendors." Palo Alto is benefitting from high-level concern inside companies about breaches, he writes: Given the significant amount of attention surrounding APTs in the media, boardrooms, congress and elsewhere in the wake of the Target and Neiman Marcus data breaches, we believe that budget is increasingly being created to address these threats and that APT appliance evaluations are one of the top priorities for many IT organizations this year. We believe that WildFire is one of the top solutions on the market, offered at a very competitive price, and that this will enable Palo Alto to take more than their fair share of the budget being allocated to these types of solutions.
Palo Alto Networks (PANW) was upgraded to "overweight" from "equal weight" at Barclays (BCS).