Wedbush Analysts Optimistic About Palo Alto Networks’ Future Growth Potential
Palo Alto Networks, Inc. (NASDAQ: PANW) is set to announce its third quarter fiscal year 2024 financial results, with analysts at Wedbush optimistic about the company’s future outlook. Recent collaborations and strategic moves have positioned PANW for potential growth opportunities in the cybersecurity sector, sparking interest among investors and stakeholders.
Palo Alto Networks Ownership Structure Analysis
Palo Alto Networks (NASDAQ:PANW) saw a 23% decline after a disappointing sales outlook. Institutional investors own 39.39% of PANW, with Vanguard holding a 7.60% stake. Hedge funds decreased their holdings, while individual investors have a very positive view. Despite the pullback, PANW stock is still up 49.6% in one year. Wall Street remains cautiously optimistic, with a Moderate Buy consensus rating and an average price target of $338.77.
Palo Alto Networks Shares Plummet by 25% After Revenue Warning
Palo Alto Networks shares have plummeted by 25% after a revenue warning, raising concerns about the cybersecurity market. Investors and analysts are closely monitoring the situation, with ripple effects expected across the industry.