2 Signs Palo Alto Networks Inc Needs New Management
Though its stock price is up 11% year to date, Palo Alto Networks (NYSE: PANW) is lagging well behind most of its peers, including FireEye (NASDAQ: FEYE) and Check Point Software (NASDAQ: CHKP), to name but a couple.
At first glance, Palo Alto's relatively meek performance may seem odd given it's growing the top line considerably faster than FireEye, Check Point, and others. But Palo Alto's muted stock price growth is warranted.
When Palo Alto announces its fiscal 2018 first-quarter results Nov. 20, investors will likely note the same two reasons why its troubles will continue. And therein lies the problem for CEO Mark McLaughlin and team.
Source: Fool.com
Palo Alto Networks Stock
The stock is an absolute favorite of our community with 83 Buy predictions and no Sell predictions.
As a result the target price of 323 € shows a slightly positive potential of 6.6% compared to the current price of 303.0 € for Palo Alto Networks.