Shares of Palo Alto Networks Inc. (NYSE:PANW) traded at a new 52-week high today of $479.00. So far today approximately 293,000 shares have been exchanged, as compared to an average 30-day volume of 1.5 million shares.
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.
Palo Alto Networks Inc. (NYSE:PANW) is currently priced 0.7% above its average consensus analyst price target of $466.72.
Over the past year, Palo Alto Networks Inc. has traded in a range of $219.34 to $479.00 and is now at $469.85, 114% above that low.
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