Long Position on PANW @ $143.00 on 2/27/2015 (Momentum)

Bullish Cup & Handle on PANWPalo Alto Networks, Inc. (PANW) provides enterprise security platform to enterprises, service providers, and government entities worldwide.

Its platform includes Next-Generation Firewall that delivers application, user, and content visibility and control, as well as protection against network-based cyber threats; and Threat Intelligence Cloud that offers central intelligence capabilities, as well as automated delivery of preventative measures against cyber attacks.

The company provides firewall appliances; Panorama, a centralized security management solution for the control of appliances deployed on an end-customer’s network as a virtual or a physical appliance; and Virtual System Upgrades, which are available as extensions to the virtual system capacity that ships with the appliance. It also offers subscription services, such as threat detection and prevention, URL filtering, laptop and mobile devices protection, malware and threats protection, and windows-based fixed and virtual endpoints protection services; support and maintenance services; and professional services, including application traffic management, solution design and planning, configuration, and firewall migration services, as well as provides education services.

The company serves the enterprise network security and endpoint security markets that consist of firewall, unified threat management, Web gateway, intrusion detection and prevention, specialized threat analysis and protection, virtual private network, and enterprise endpoint security technologies.

Shares have formed a bullish "cup & handle" ahead of the company's quarterly report on Monday March 2 after the close. We expect a strong report from the company and higher share prices.

 

52-Weeks Trading Range: $57.47 to $146.28

Entry Point: $143.00

Stop Loss: $135.85

Target Price: $157.30

 

 

Updates

3/27/2015 1:47:08 PM

We are taking profits on PANW at $146.05 after its 30 days expired.

Position closed on 3/27/2015 at price of $146.05 with a 2.13% gain in 28 days.

Back to Portfolio