Palo Alto Networks Palo Alto Networks ( PANW ) is engaged in providing network security with its innovative platform that allows enterprises, service providers and government entities to secure their networks and safely enable the applications running on their networks. This stock closed up 4.7% at $56.52 on Wednesday. Wednesday's Volume: 1.91 million Average Volume: 1.02 million Volume % Change: 111% Shares of PANW trended up on Wednesday after Needham initiated coverage on the stock with a buy rating and a $70 price target. The firm said PANW is an attractive investment because it nearly creates budget IT dollars in a continued tight spending environment, due to the value business-side executives place on PANW's next gen firewall capabilities. From a technical perspective, PANW ripped higher here back above its 50-day moving average of $55.77 with heavy upside volume.