Worth Watching Stocks News Review: Palo Alto Networks Inc (NYSE:PANW), Gogo Inc (NASDAQ:GOGO)

On Thursday, Shares of Palo Alto Networks Inc (NYSE:PANW), subtract -4.47% and closed at $151.91 in the last trading session. The last trading range of the stock ranges between $150.69 and $163.32. Palo Alto Networks, Inc. provides security platform solutions to enterprises, service providers, and government entities worldwide. Its platform includes Next-Generation Firewall that delivers application, user, and content visibility and control, in addition to protection against network-based cyber threats; Advanced Endpoint Protection, which prevents cyber attacks that exploit software vulnerabilities on various fixed and virtual endpoints and servers; and Threat Intelligence Cloud, which offers central intelligence capabilities, security for software as a service applications, and automated delivery of preventative measures against cyber attacks. The company provides firewall appliances; Panorama, a security administration 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 an extensions to the virtual system capacity that ships with the physical appliances. It also offers subscription services covering the areas of threat prevention, uniform resource filtering, malware and persistent threat, laptop and mobile device, and firewall protection services, in addition to cyber attack, threat intelligence, and content control services. In addition, the company provides support and maintenance services; and professional services, counting application traffic administration, solution design and planning, configuration, and firewall migration, in addition to provides online and classroom-style education training services.

Gogo Inc (NASDAQ:GOGO), dropped -1.46% and closed at $8.78 in the last trading session. The last trading range of the stock ranges between $8.61 and $9.08. The company’s Market capitalization is $697.68 million with the total Outstanding Shares of 86.24 million. Gogo Inc. (GOGO), the global leader in providing broadband connectivity solutions and wireless entertainment to the aviation industry, recently declared its financial results for the quarter ended September 30, 2016.

Third Quarter 2016 Merged Financial Results

Revenue raised to $147.3 million, up 17% from Q3 2015. Service revenue raised to $129.1 million, up 20% from Q3 2015, driven by a 17% increase in commercial aircraft online to 2,885, a 20% increase in ATG business aircraft online to 3,974, and raised customer usage across all segments.

Net loss raised to $33.3 million, up 15% from Q3 2015, and Adjusted EBITDA(1) raised to a record $15.2 million, up 57% from Q3 2015.

Capital expenditures raised to $43.7 million from $23.5 million in Q3 2015. Cash CAPEX(1) raised to $35.6 million from $11.8 million in Q3 2015, mainly because of raised airborne equipment purchases for 2Ku installations.

Leave a Reply

Your email address will not be published. Required fields are marked *