Cybersecurity stock Palo Alto Networks (PANW) climbed to a new all-time high on Wednesday. The move comes one day after the U.S. government announced plans to create a new agency to coordinate cyberthreat intelligence. Industry group peer FireEye (FEYE) is set to report quarterly results after the close Wednesday. CyberArk Software (CYBR) issues earnings after the close on Thursday. Watch this video for chart analysis of Palo Alto Networks. Follow
Palo Alto Networks (PANW) has the ability to cross-sell into its customer base, displace rivals and respond to recent corporate security breaches, says RBC Capital Markets, which initiated coverage on the cybersecurity company with an outperform rating and price target of 145. RBC said in a research report that it was “bullish on Palo Alto’s opportunity to exceed expectations” and that the network security infrastructure provider is well poised to
Palo Alto Networks (PANW) got price target hikes Monday as analysts say the network security vendor will benefit from enterprises needing comprehensive portfolios to beef up their cyberdefenses amid a rising number of high-profile breaches. Palo Alto Networks stock touched an all-time high for the third straight day, though the IBD Leaderboard stock is well extended from its 85.88 breakout from a flat base. “In our view, Palo Alto has one of the