Cerence stock price target raised to $90 from $75 at Wedbush. Cerence downgraded to outperform from strong buy at Raymond James. Analysts Offer Insights on Technology Companies: Cerence (CRNC), Palo Alto Networks (PANW) and Paylocity (PCTY) Cerence Inc. Cerence, Inc. builds automotive cognitive assistance solutions to power natural and intuitive...Read Full Story Palo Alto NetworksTechnology CompanyWedbush SecuritiesShare PriceCerence Inc.BurlingtonAutomotiveSoftware CompaniesDigital TechnologyWedbush CerenceCRNCPANWCerence , Inc.Stock PriceDigital World
Home Depot, Nvidia, Target, Walmart and More Major Earnings Coming This Week
ThinkstockHere, 24/7 Wall St. has put together a preview of a few of the most anticipated quarterly reports due this week. We have included the consensus earnings estimates, as well as the stock price and trading history. Be advised that the earnings and revenue estimates may change ahead of the formal reports, and some companies may change reporting dates as well.Read Full Story NYSEWall StreetThe Home DepotNew York Stock ExchangeThis WeekQuarterly EarningsTarget PriceStock PriceEarnings EstimatesThird-Quarter EarningsThinkstockHerePANWHome Depot Inc.EPSWalmart Inc.
Stocks Making the Biggest Moves in the Premarket: Moderna, Casper Sleep, Uber, Tapestry & More
Take a look at some of the biggest movers in the premarket:. Moderna (MRNA) – The drugmaker said the first analysis of phase 3 study data showed its experimental Covid-19 vaccine had an efficacy rate of 94.5% and saw no significant safety concerns. Moderna also said the vaccine will stay stable at refrigerated temperatures for 30 days, up from a prior estimate of 7 days. Shares of Moderna jumped nearly 15% in premarket trading.Read Full Story Messenger RNACOVID-19 VaccineModernaJPMorgan ChaseCoronavirus Disease 2019Kohlberg Kravis RobertsStocksCasper SleepStock TradingTrading RevenueFull-Year EarningsUber , Tapestry & MoreCovidPalo Alto NetworksPANWKate Spade
Is Palo Alto Networks a Buy After Q1 Earnings?
Palo Alto Networks Inc. (NYSE: PANW) released fiscal first-quarter financial results before markets opened Monday. The firm said that it had $1.62 in earnings per share (EPS) and $946.0 million in revenue, which exceeded consensus estimates of $1.33 in EPS and $921.64 million in revenue. The same period from last year had $1.05 in EPS and $771.9 million in revenue.Read Full Story NYSENew York Stock ExchangeEPSEarnings EstimatesCash EarningsStrong EarningsPer Share EarningsPalo Alto Networks Inc.PANWProduct RevenuesConsensus EstimatesMarketsDeferred RevenueSubscriptionSecurity Services
Why Palo Alto Networks (PANW) Is Buying Expanse For $800 Million
Global cybersecurity leader Palo Alto Networks recently announced that it entered into a definitive agreement to buy attack surface management company Expanse for $800 million. These are the details about the deal. Global cybersecurity leader Palo Alto Networks recently announced that it entered into a definitive agreement to buy attack...Read Full Story PANWData NetworksEnterprise DataTechnology CompanyInternet DataPalo Alto Networks 'CortexExpanse CustomersEquityInventoryCISOsReplacement Equity AwardsThreat DataSecurity OperationsCEONikesh Arora
5 Stocks To Watch For February 23, 2021
Some of the stocks that may grab investor focus today are:Wall Street expects Home Depot Inc (NYSE: HD) to report quarterly earnings at $2.62 per share on revenue of $30.73 billion before the opening bell. Home Depot shares slipped 0.1% to $275.55 in after-hours trading.Palo Alto Networks Inc (NYSE: PANW) reported upbeat results for its second quarter and raised FY21 guidance. Palo Alto shares fell 2.3% to $375.50 in the after-hours trading session.Analysts are expecting Intuit Inc. (NASDAQ: INTU) to have earned $0.91 per share on revenue of $1.75 billion for the latest quarter. The company will release earnings after the markets close. Intuit shares dropped 2.4% to close at $401.55 on Monday.Find out what's going on in today's market and bring any questions you have to Benzinga's PreMarket Prep.AMC Entertainment Holdings Inc (NYSE: AMC) shares climbed on Monday after New York Governor Andrew M. Cuomo announced that movie theaters in New York City are now permitted to re-open. AMC said in a statement it will reopen all 13 of its theaters in New York City beginning March 5. AMC shares jumped around 15% in regular trading hours, adding another 5% in after-hours trading on Monday.Analysts expect Medtronic PLC (NYSE: MDT) to report quarterly earnings at $1.15 per share on revenue of $7.78 billion before the opening bell. Medtronic shares fell 0.3% to $115.40 in after-hours trading.© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.StocksHome Depot IncAmc EntertainmentNyseNew York CityMarketsNASDAQ Inc.NYSEAfter-Hours TradingQuarterly EarningsPalo Alto Networks IncPANWFY21Intuit Inc.INTUAndrew M. Cuomo
Stocks making the biggest moves premarket: Home Depot, Palo Alto Networks, Shopify, AMC & more
Check out the companies making headlines before the bell:. Home Depot (HD) – The home improvement retailer beat quarterly estimates by 3 cents with earnings of $2.65 per share. Revenue came in above estimates as well. Comparable store sales jumped 24.5% during the fourth quarter, more than the 19.2% consensus estimate of analysts polled by FactSet. Home Depot is not providing 2021 guidance, however, due to pandemic-related uncertaint. Shares fell 2.7% premarket.Read Full StoryPalo Alto NetworksHome DepotShopifyAmcStocksMarketsStock TradingTrading RevenueQuarterly SalesQuarterly EarningsAMC &FactSetRefinitivPANWSolarWinds
What Has Analysts Excited About Palo Alto Networks?
Palo Alto Networks Inc. (NYSE: PANW) released its most recent quarterly report after the markets closed on Monday. Although results topped estimates, investors still decided to send shares lower. However, analysts remain positive on the stock.The cybersecurity firm said that it had $1.55 in earnings per share (EPS) on $1.0 billion in revenue in the fiscal second quarter. That compares with consensus estimates of $1.43 in EPS and revenue of $985.68 million, as well as the $1.19 per share and $816.7 million posted last year.Looking ahead to the fiscal third quarter, the company expects to see EPS in the range of $1.27 to $1.29 with revenue between $1.05 billion and $1.06 billion. Analysts are calling for EPS of $1.28 on $1.05 billion in revenue in revenue for the coming quarter.Management noted that the momentum in the business continues to be strong, with second-quarter revenue growth of 25% year over year to over $1 billion, driven by strong execution across the board. The firm added that it is well positioned to protect customers and that its three-platform strategy is paying off.BofA Securities noted in its report:Growth is solid reflecting a successful transition from hardware to software, with next-generation firewall (NGFW) product revenue down from 39% of revenue in 2Q19 to 29% in 2Q21 while subscription revenues grew from 32% to 37%, respectively. We reiterate our Buy and see multiple catalysts for the stock, mainly around continued growth of the Cloud and artificial intelligence (AI) segment which management expects to grow 90% YoY in 2021, partially inorganically. We increase our estimates to capture the momentum and raise our PO from $415 to $445 still on about 8x CY22 EV/S estimate.Here’s what a few other analysts had to say about the stock:RBC reiterated an Outperform rating and raised its price target to $445 from $425.Piper Sandler reiterated its Overweight rating on the shares.D.A. Davidson reiterated a Buy rating and raised its target to $450 from $325.Deutsche Bank reiterated it as Outperform and raised its target price to $426.BMO Capital Markets upgraded it from Market Perform to Outperform with a $455 target.Palo Alto Networks stock traded down about 2% on Tuesday to $376.45, in a 52-week range of $125.47 to $403.00. The consensus price target is $404.24.SoftwareStrong EarningsQuarterly EarningsEarnings EstimatesPalo Alto Networks Inc.NYSEPANWEPSBofA SecuritiesCloudEVRBCDeutsche BankBMO Capital MarketsCompany
Palo Alto Networks Falls Despite Earnings Beat, Upgraded Outlook
Palo Alto Networks raised its full-year earnings and revenue estimates for fiscal 2021. Shares of Palo Alto Networks Inc. (PANW) - Get Report fell after hours Monday after the company reported fiscal second quarter results. The Santa Clara, California company reported non-GAAP net income of $1.55 per share on revenue...Read Full StoryMarketsEarnings GrowthEarnings EstimatesFull-Year EarningsUpgraded OutlookPalo Alto Networks Inc.PANWYahoo FinanceSolarStormFull-year EarningsNon-GAAP EarningsNon-GAAP Net IncomeRevenue GrowthCalifornia CompanyReportNikesh Arora