Palo Alto Networks, Inc. PANW was a big mover last session, as its shares rose a little over 17% on the day. The move came after the company reported robust fiscal third-quarter 2017 results. This led to far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up roughly 26% in the past one-month time frame.
Over the last 30 days, the company witnessed one positive and one negative estimate revision. The Zacks Consensus Estimate also moved higher, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Palo Alto Networks currently carries a Zacks Rank #3 (Hold).
A better-ranked stock in the Security space is Absolute Software Corporation ALSWF, carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is PANW going up? Or down? Predict to see what others think: Up or Down
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Be the first to comment