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Palo Alto Networks (PANW) In Focus: Stock Moves 17.2% Higher

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Palo Alto Networks, Inc. (PANW - Free Report) was a big mover last session, as its shares rose a little over 17% on the day. The move came after the company reported robust fiscal third-quarter 2017 results. This led to far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up roughly 26% in the past one-month time frame.

Over the last 30 days, the company witnessed one positive and one negative estimate revision. The Zacks Consensus Estimate also moved higher, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.

Palo Alto Networks currently carries a Zacks Rank #3 (Hold).

A better-ranked stock in the Security space is Absolute Software Corporation , carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is PANW going up? Or down? Predict to see what others think: Up or Down

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