Piper Jaffray Remains Bullish on Palo Alto Networks (PANW) Following 3Q - PT to $167
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Wall Street puts finishing touch on best week since March
May 27, 2016 7:39 AM EDTBy Noel Randewich
(Reuters) - Wall Street rose on Friday and capped off its strongest week since March after U.S. Federal Reserve Chair Janet Yellen said an interest-rate hike would likely be appropriate "in the coming months."
Yellen's is the most important voice in a chorus of policymakers recently suggesting that the U.S. economy has improved enough to warrant tighter borrowing costs, with a growing number of investors now expecting a hike in June or July.
While higher interest rates choke liquidity in stock markets, many investors see a potential rate hike as a... More
Palo Alto Networks (PANW) After Hours Drop is a Buying Opportunity - Oppenheimer
May 27, 2016 7:38 AM EDTOppenheimer analyst, Shaul Eyal, noted that Palo Alto Networks (NYSE: PANW) reported in-line F3Q results and provided guidance estimates slightly below consensus in light of macroeconomic issues (China & Brazil). The company reported solid F3Q revenues of $345.8M (up 63.1% YoY) beating the Street's $339.9M driven by strength in subscription services revenue. Similar to other security vendors, PANW is seeing a strong trend in... More
Needham & Company Downgrades Palo Alto Networks (PANW) to Hold
May 27, 2016 7:27 AM EDTNeedham & Company downgraded Palo Alto Networks (NYSE: PANW) from Buy to Hold following Q3 results on valuation.
Analyst Scott Zeller commented, "PANW's F3Q16(Apr) was a solid beat on revenue and billings, yet the outlook for F4Q(July) was disappointing and... More
Baird Remains Bullish on Palo Alto Networks (PANW) Following Solid 3Q and In-Line Guidance
May 27, 2016 7:14 AM EDTBaird maintained an Outperform rating and $180.00 price target on Palo Alto Networks (NYSE: PANW) following the company's 3Q earnings report. PANW reported revenueand non-GAAP EPS of $346 million and $0.42, slightly above consensus estimates of $340 million/$0.42. Management guided revenue to $386-$390 million, compared to consensus of $389... More
Deutsche Bank Downgrades Palo Alto Networks (PANW) to Hold
May 27, 2016 6:43 AM EDTDeutsche Bank downgraded Palo Alto Networks (NYSE: PANW) from Buy to Hold with a price target of $150.00 (from $210.00). The change follows "mixed" Q3 results.
Analyst Karl Keirstead said, "To date, PANW has powered through the macro demand pressure that other... More
After-Hours Stock Movers 05/26: (VNDA) (VVEV) (RLYP) Higher; (PANW) (GME) (SPLK) Lower (more...)
May 26, 2016 5:12 PM EDTVanda Pharmaceuticals Inc. (Vanda) (Nasdaq: VNDA) 9.9% HIGHER; announced that the U.S. Food and Drug Administration (FDA) has approved Vanda's supplemental New Drug Application (sNDA) for Fanapt®, modifying and expanding the prescribing information (PI) to describe the effectiveness of Fanapt® as a maintenance treatment for schizophrenia in adults. FDA approval was based on the results of the REPRIEVE (Relapse prevention study in patients with schizophrenia) placebo-controlled clinical study which evaluated the long-term maintenance of efficacy and safety of Fanapt®. The study data submitted in the sNDA came from the... More
Palo Alto Networks (PANW) Reports In-Line Q3 EPS
May 26, 2016 4:04 PM EDTPalo Alto Networks (NYSE: PANW) reported Q3 EPS of $0.42, in-line with the analyst estimate of $0.42. Revenue for the quarter came in at $345.8 million versus the consensus estimate of $339.48 million.
GUIDANCE:
Palo Alto Networks sees Q4 2016 EPS of $0.48-$0.50, versus the... More
Options straddle prices into quarterly results and outlook
May 26, 2016 3:42 PM EDTGameStop (NYSE: GME) May weekly 30 straddle priced for 8% movement.
Palo Alto Networks (NASDAQ: PANW) May weekly 147 straddle priced for 7.9% movement.
Splunk (NASDAQ: SPLK) May weekly 55 straddle priced for 8.5% movement.
Big Lots (NYSE: BIG) June 45 straddle priced for 8.7% movement.
Palo Alto Networks (PANW) Shares Tick Higher Ahead of Q3 Report
May 26, 2016 3:27 PM EDTPalo Alto Networks (NYSE: PANW) shares are creeping back into positive territory ahead of its Q1 earnings report, which is slated for release after markets close.
The Street sees PANW posting Q3 EPS of $0.42 on revenue of $339.5 million, up 83 percent and 45 percent... More
Palo Alto Networks (PANW) May weekly volatility increases into Q3
May 26, 2016 6:29 AM EDTPalo Alto Networks (NASDAQ: PANW) May weekly call option implied volatility is at 134, June is at 53, July is at 45; compared to its 52-week range of 26 to 84 into the expected release of Q3 results today.
... MoreTrading Radar for 5/26: Sears (SHLD), Signet (SIG), Deckers (DECK), GameStop (GME), Abercrombie & Fitch (ANF) Report
May 25, 2016 2:41 PM EDTThe Trading Radar highlights key earnings and economic announcements for the next trading session:
Before Markets Open:
Economics:
8:30am EDT
Earnings:
Abercrombie & Fitch (NYSE: ANF) - consensus loss $0.51
Actions Semiconductor (Nasdaq: ACTS) - no Street... More
