Palo Alto Networks, Inc., a cloud-based internet security company fell as much as 15% on Friday despite a lack of any kind of news. We saw a free fall of cloud-based tech stocks on Friday, despite positive earnings reports and “Buy” recommendations from brokers.
PANW – Palo Alto Networks, Inc | ||
Fundamentals | Previously closed at | 127.51 |
Days high | 139.89 | |
Days low | 123.8 | |
P/E ratio | N/A | |
EPS | -2.09 |
Analyst opinion | Despite “Buy” broker rating, analysts believe the stocks might plunge further, unless the quarterly report to be released on 25th Feb acts as a bullish catalyst. |
Sentiments | The fundamental indicators for the stock are negative. With the P/S and P/B of 10.61 and 19.95 respectively. Analysts expect a mean price of ~$209. |
With 3 insiders i.e, the CFO, CTO and CMO, selling more than 150 shares each on Jan 21st, the stock prices have plunged. | |
While the business itself is doing well, Analysts believe that there are good times ahead for the stock. | |
Revenue prediction | With a revenue of $928.05 Million revenue for the year 2015, PACW has had a substantial growth in the last year despite troublesome market conditions and it is expected to perform well through 2016. |
Social pulse | Social Media pulse is 100% higher than normal, with a lot of social chatter. |
Salesforce.com, Inc. is a provider of enterprise cloud computing solutions that include apps and platform services, as well as professional services. The Company focuses on customer relationship management (CRM). Despite a growth in its revenue, due to a tech stock bloodbath on Friday, CRM stock was slashed. Analysts expect it to plunge further, before bouncing back.
CRM – Salesforce.com, Inc. | ||
Fundamentals | Previously closed at | 58.51 |
Day’s high | 57.75 | |
Day’s low | 63.26 | |
P/E ratio | N/A | |
EPS | -0.13 |
Analysts opinion | Despite many analysts giving a “Outperform” recommendation, CRM seems to have shocked Chartists, since the prices fell sharply without the 20-day moving average crossing the 50-day moving average. |
Sentiments | With a lot of traders, believing that CRM can be another LNKD in the making, the sentiments for the stock is increasingly negative. |
Insider selling of the stock is further being seen as a sell-off, with the last trade being as recent as 3rd Feb 2016 | |
Analysts say that while CRM may be oversold, it would still help to have a lower basis point, rather than a rush-buy. | |
Revenue prediction | The estimize consensus of earnings is 0.2 for the next quarter. |
Social pulse | There is a 5% lower than normal social chatter |