New Lifetime High Reached: Palo Alto Networks (PANW)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Palo Alto Networks ( PANW) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Palo Alto Networks as such a stock due to the following factors:

  • PANW has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $186.4 million.
  • PANW has traded 149,534 shares today.
  • PANW is trading at a new lifetime high.

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More details on PANW:

Palo Alto Networks, Inc. offers a network security platform in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company's platform comprises Next-Generation Firewall that delivers application, user, and content visibility and control. Currently there are 17 analysts that rate Palo Alto Networks a buy, no analysts rate it a sell, and 4 rate it a hold.

The average volume for Palo Alto Networks has been 1.4 million shares per day over the past 30 days. Palo Alto has a market cap of $6.9 billion and is part of the technology sector and computer hardware industry. The stock has a beta of 1.60 and a short float of 7% with 1.56 days to cover. Shares are up 56.6% year-to-date as of the close of trading on Monday.

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