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Palo Alto Networks Inc.: The Winning Streak Continues

Palo Alto Networks Inc. (NYSE: PANW) traded today at a new 52-week high of $508.41. This new high was reached on below-average trading volume as 467,000 shares traded hands, while the average 30-day volume is approximately 1.2 million shares.

In the past 52 weeks, Palo Alto Networks Inc. share prices are bracketed by a low of $219.34 and a high of $508.41 and are now at $507.52, 131% above that low price.

Palo Alto Networks Inc. is currently priced 1.5% above its average consensus analyst price target of $499.87.

Palo Alto Networks is a pure-play cybersecurity vendor that sells security appliances, subscriptions, and support to enterprises, government entities, and service providers. The company’s product portfolio includes firewall appliances, virtual firewalls, endpoint protection, cloud security, and cybersecurity analytics. The Santa Clara, California, firm was established in 2005 and sells its products worldwide.

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