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News Recap: Palo Alto Networks (NYSE:PANW)

January 7, 2020

Palo Alto Networks (NYSE:PANW) stock observed trading -7.82% off 52-week high price. On the other end, the stock has been noted 32.29% away from low price over the last 52-weeks. The stock disclosed a move of 3.34% away from 50 day moving average and 8.17% away from 200 day moving average. Moving closer, we can see that shares have been trading 4.44% off 20-day moving average. It has market cap of $23.39B.

On Jan. 6, 2020, Palo Alto Networks (NYSE:PANW) the global cybersecurity leader, disclosed that PrismaTM Cloud has been added to Palo Alto Networks Government Cloud Services, which has achieved the designation of In Process for the Federal Risk and Authorization Management Program (FedRAMP). This important milestone indicates progress for Prisma Cloud towards a FedRAMP Moderate Agency Authorization, which will help U.S. government agencies securely adopt hybrid and multi-cloud environments by eliminating complexity and delivering consistent security and compliance across the entire cloud native technology stack and software development lifecycle.

Palo Alto Networks is committed to helping organizations securely implement cloud technologies and services with advanced cybersecurity protections. Prisma Cloud delivers security and compliance coverage for applications, data, and hybrid and multi-cloud deployments. It’s the latest of Palo Alto Networks Government Cloud Services to achieve a FedRAMP milestone; other products include WildFire®, Cortex XDR™, Cortex™ Data Lake and Traps™.

We are thrilled about Prisma Cloud being added to Palo Alto Networks Government Cloud Services. This is a testament to our commitment to deliver best-in-breed cloud native security capabilities for the federal government and help them secure their cloud journey, said Nick Urick, vice president of Federal Sales for Palo Alto Networks and president of Palo Alto Networks Public Sector, LLC. This recognition shows that the U.S. public sector trusts the security and threat prevention capabilities of our cloud-delivered services.

The USA based company Palo Alto Networks moved with change of 1.45% to $240.26 with the total traded volume of 1100235 shares in recent session versus to an average volume of 1.16M. The stock was observed in the 5 days activity at 3.00%. The one month performance of stock was 6.49%. PANW’s shares are at 14.10% for the quarter and driving a 30.30% return over the course of the past year and is now at 3.90% since this point in 2018.  Right now the stock beta is 0.97. The average volatility for the week and month was at 1.51% and 1.41% respectively. There are 97.37M shares outstanding and 95.65M shares are floated in market.

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