Cybersecurity is becoming an increasingly important issue that companies have to address as they continue to develop new platforms and mobile apps. These companies are on the cutting edge and have many investors interested in what they can do.
24/7 Wall St. has collected a few recent analyst calls on some major companies in the cybersecurity field. This should give a picture of what analysts see in the industry and where it could stand to go in the coming months.
Bernstein started Palo Alto Networks Inc. (NYSE: PANW) with an Outperform rating and a price target of $200. Back in early February, Maxim Group initiated it with a Buy rating and price target of $214. Shares of Palo Alto Networks closed most recently at $157.87, with a consensus analyst price target of $192.86 and a 52-week trading range of $111.09 to $200.55.
At Sanford Bernstein, Check Point Software Technologies Ltd. (NASDAQ: CHKP) coverage recently was initiated with an Underperform rating and price target of $65. Shares of Check Point closed Friday at $83.00, with a consensus price target of $88.78 and a 52-week range of $65.09 to $88.49.
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Symantec Corp. (NASDAQ: SYMC) was raised to an Outperform rating from Sector Perform with a $23 price target (versus a $17.70 prior close) at RBC Capital Markets. Symantec has a consensus price target of $22.33 and a 52-week trading range of $16.14 to $26.16. The stock most recently closed at $18.39.
A few analysts issued recent calls on FireEye Inc. (NASDAQ: FEYE):
- UBS has a Neutral rating and adjusted its price target on the shares to $18 from $13.
- Wedbush has a Neutral rating and raised its price target to $18 from $17.
- Piper Jaffray upgraded it to Overweight from Neutral with a price target of $24, up from $15.
Shares of FireEye closed at $18.27, within a 52-week range of $11.35 to $55.33. The consensus price target is $24.28.
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