Stocks Retreat on New Development: Palo Alto Networks (NYSE:PANW), Chesapeake Energy (NYSE:CHK)

Palo Alto Networks, Inc. (NYSE:PANW) [Trend Analysis] retains strong position in active trade, as shares scoring 0.59% to $134.37 in a active trade session, while looking at the shares volume, about 1.64 Million shares have changed hands in this session. Palo Alto Networks (PANW) released that integration of its VM-Series virtualized next-generation firewalls with Amazon Web Services (AWS) Auto Scaling and Elastic Load Balancing (ELB).

Using a combination of AWS Lambda, CloudFormation Templates, and Amazon CloudWatch services, together with bootstrapping and XML API automation features supported by the VM-Series, joint consumers can now automatically scale the cyber breach prevention capabilities of the Palo Alto Networks Next-Generation Security Platform as their AWS workload demands fluctuate.

Additionally, Palo Alto Networks joins the AWS Competency Program for Security, which highlights partners who have demonstrated success in building products and solutions on AWS to support consumers in multiple areas, comprising infrastructure security, policy management, identity management, security monitoring, vulnerability management, and data protection. The firm has institutional ownership of 87.80%, while insider ownership included 3.40%. PANW attains analyst recommendation of 1.70 with week’s performance of -3.84%. Investors looking additional ahead will note that the Price to next year’s EPS is 33.54%.

Chesapeake Energy Corporation (NYSE:CHK) [Trend Analysis] knocking active thrust in leading trading session, shares an raise of 9.89% to 7.00 with about 121.99 Million shares have changed hands in this session. Lundin Law PC released that a class action court case against Chesapeake Energy Corporation (CHK) concerning possible infringement of federal securities laws among February 27, 2015 and September 28, 2016.

The complaint claims that during the Class Period, Chesapeake issued false and misleading statements and/or failed to disclose it had improperly accounted for the acquisition and classification of oil and gas properties, and that it lacked effective internal financial controls. In its filings with the U.S. Securities & Exchange Commission, Chesapeake noted that it “follows the full cost method of accounting under which all costs associated with oil and natural gas property acquisition, drilling, and completion activities are capitalized.”

On September 29, 2016, the Firm reported that it attained a subpoena from the U.S. Department of Justice looking for information on its accounting methods for the acquisition and classification of oil and gas properties. When this news was revealed, Chesapeake’s stock price reduced, which caused investors serious harm. The stock is going forward its fifty-two week low with 366.67% and lagging behind from its 52-week high price with -14.11%.

Same, the positive performance for the quarter recorded as 10.24% and for the year was 27.04%, while the YTD performance remained at 55.56%. CHK has Average True Range for 14 days of 0.38.


About Gerard Bergeron

Gerard Bergeron covers Bio-pharmacy or healthcare sector Press Releases news updates. He has extensive three year of experience in content writing as freelance writer. He performs analysis of Healthcare Companies and provides worthy information for investor community. He is an experienced writer with a precise grasp of the English language and a clear, compelling writing style.

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