Tech Stocks To Look Out For: Palo Alto Networks, Inc. (PANW), Maxim Integrated Products, Inc. (MXIM)
Palo Alto Networks, Inc. (PANW) ended last trading session with a change of -1.01 percent. It trades at an average volume of 1.99M shares versus 2.09M shares recorded at the end of last trading session. The share price of $117.68 is at a distance of 3.5 percent from its 52-week low and down -28.98 percent versus its peak. The company has a market cap of $10.48B and currently has 89.07M shares outstanding. The share price is currently -15.3 percent versus its SMA20, -15.73 percent versus its SMA50, and -15.41 percent versus its SMA200. The stock has a weekly performance of 2.64 percent and is -5.89 percent year-to-date as of the recent close.
On Feb. 28, 2017 Palo Alto Networks, Inc. (PANW) announced its acquisition of LightCyber®, a privately held cybersecurity company that has developed award-winning, highly automated and accurate behavioral analytics technology. Under the terms of the agreement, Palo Alto Networks has acquired LightCyber for $105 million in cash.
Recognized by Gartner in two recent market guides*, LightCyber has been leading the industry in the development of automated behavioral analytics capabilities, using sophisticated machine learning to quickly, efficiently and accurately identify attacks based on identifying behavioral anomalies inside the network.
Maxim Integrated Products, Inc. (MXIM) recently recorded 1.69 percent change and currently at $45.78 is 40.4 percent away from its 52-week low and down 1.18 percent versus its peak. It has a past 5-day performance of 2.55 percent and trades at an average volume of 1.97M shares. The stock has a 1-month performance of 2.76 percent and is 19.57 percent year-to-date as of the recent close. There were about 281.5M shares outstanding which made its market cap $12.89B. The share price is currently 2.49 percent versus its SMA20, 6.93 percent versus its SMA50, and 16.2 percent versus its SMA200.
March 13, 2017 — With the industry’s highest efficiency and lowest quiescent current (IQ) of only 300nA, the MAX17222 nanoPower boost regulator from Maxim Integrated Products, Inc. (MXIM) enables the longest battery life in the smallest form factor for wearable and consumer IoT designs. The 0.4V to 5.5V input, 1.8V to 5V output boost regulator with 500mA input current limit reduces solution size by up to 50% compared to similar products and offers 95% peak efficiency to minimize heat dissipation. These benefits are ideal for wearable devices which IDC forecasts will experience a compound annual growth rate (CAGR) of 18.4% in 2020.