Cybersecurity stock Palo Alto Networks (PANW) leads the Security-Software industry group with an IBD Composite Rating of 98 out of 99. Palo Alto crushed fiscal fourth-quarter estimates late Wednesday and sees larger deals with larger customers. Its shares have risen 44% so far this year. Let’s take a look at two other stocks in the group that are showing compelling chart action: Verisign (VRSN) and Imperva (IMPV). Verisign is working on a flat
FBR’s Daniel Ives likened Palo Alto Networks’ (PANW) late-Wednesday Q4 beat and raise to Yoenis Cespedes’ power-packed hitting in the New York Mets’ pounding of the Washington Nationals. It was out of the park. Palo Alto Networks, highly rated by IBD, closed up 7.4% at 177.40 in the stock market today, lifting above its key 50-day moving average. “We believe last night’s Cespedes-like performance and healthy outlook should give the Street further
Cybersecurity firm Palo Alto Networks (PANW) crushed Wall Street’s Q4 earnings expectations late Wednesday, and the Silicon Valley software maker’s stock was up after hours. For its fiscal Q4 ended July 31, Palo Alto Networks reported $283.9 million in revenue and earnings per share minus items of 28 cents, up 59% and 155% vs. the year-earlier quarter, respectively. Both bested Wall Street and the company’s own estimates. And both metrics rose