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PANW

Palo Alto Networks

$161.06

-0.29 (-0.18%)

, CSCO

Cisco

$30.05

-0.13 (-0.43%)

07:48
11/22/16
11/22
07:48
11/22/16
07:48

Palo Alto Networks still posting 31% revenue growth, says Piper Jaffray

Piper Jaffray analyst Andrew Nowinski points out that despite the "disappointing" Q1 results, Palo Alto Networks (PANW) is still generating 31% revenue growth, which is three-times above closest competitor Cisco (CSCO). He recommends investors hold the stock through the selling pressure. Nowinski lowered his price target for Palo Alto shares to $178 from $184 and keeps an Overweight rating on the name.

PANW

Palo Alto Networks

$161.06

-0.29 (-0.18%)

CSCO

Cisco

$30.05

-0.13 (-0.43%)

  • 29

    Nov

  • 08

    Dec

  • 08

    Dec

  • 12

    Dec

PANW Palo Alto Networks
$161.06

-0.29 (-0.18%)

11/17/16
OPCO
11/17/16
NO CHANGE
Target $184
OPCO
Outperform
Palo Alto Networks price target raised to $184 from $177 at Oppenheimer
Oppenheimer analyst Shaul Eyal raised his price target for Palo Alto Networks to $184 from $177, saying trends are becoming more predictable and the company's Q1 set up is attractive. The analyst remains confident in Palo Alto Networks' consistent product execution and momentum in SaaS-based subscription services. He reiterates an Outperform rating on the shares.
11/22/16
UBSW
11/22/16
NO CHANGE
Target $160
UBSW
Buy
Palo Alto Networks missed but conviction remains, says UBS
UBS analyst Brent Thill noted Palo Alto Networks missed Q1 estimates and that investors are likely to be skeptical about the company's prospects, especially with lighter Q2 guidance. Thill said he is sticking with the name as management has conviction there will be an acceleration in the second half of the year. Thill maintained his Buy rating and lowered his price target to $160 from $165 on Palo Alto Networks shares.
11/22/16
OPCO
11/22/16
NO CHANGE
Target $184
OPCO
Outperform
Oppenheimer remains confident in Palo Alto Networks leadership position
Oppenheimer analyst Shaul Eyal says that while Palo Alto Networks' mixed results were "somewhat disappointing", he remains confident in its leadership position and ability to expand its platform. The analyst is "not losing sight of overall opportunity" as the company morphs into a platform provider and says the dip could provide an attractive buying opportunity. He reiterates an Outperform rating and $184 price target on the shares.
11/22/16
JPMS
11/22/16
NO CHANGE
Target $170
JPMS
Overweight
Palo Alto Networks price target lowered to $170 from $196 at JPMorgan
JPMorgan analyst Sterling Auty lowered his price target for Palo Alto Networks to $170 after the company reported its second-ever revenue miss. Deal slippage on elongated sales cycles in the enterprise led to a shortfall in billings/revenue, Auty tells investors in a post-earnings research note. The miss makes the year more back-end loaded and will likely have investors questioning the company's ability to hit the 12%-13% product revenue growth guidance that was maintained for FY17, the analyst contends. Auty lowered his estimate for product growth down to 11% and keeps an Overweight rating on Palo Alto shares.
CSCO Cisco
$30.05

-0.13 (-0.43%)

11/17/16
OPCO
11/17/16
NO CHANGE
Target $34
OPCO
Outperform
Cisco disappointing guidance reflects product portfolio issues, says Oppenheimer
Oppenheimer analyst Ittai Kidron notes that Cisco reported in-line results, but its guidance was soft, with cautious commentary highlighting emerging market and service provider headwinds and a general hesitation to spend. The analyst believes the disappointing guidance also reflects several product portfolio issues that need to be addressed. Nonetheless, he says the company continues to demonstrate superior execution and is doing well repositioning around cloud/recurring revenue. Kidron remains positive long term on this shift, and reiterates an Outperform rating and $34 price target on the shares.
11/17/16
FBCO
11/17/16
NO CHANGE
Target $25
FBCO
Underperform
Cisco has limited upside from here, says Credit Suisse
Credit Suisse analyst Kulbinder Garcha sees limited upside from here for Cisco shares and maintains his Underperform rating and $25 price target. The analyst said Cisco continues to struggle to grow its switching business and fears it faces increasing pressures, as the company continues to lose market share in the datacenter switching segment. Further, Garcha believes Cisco is running out of levers to offset switching declines and is concerned margins may have peaked, despite restructuring efforts.
11/18/16
STFL
11/18/16
INITIATION
STFL
Hold
Cisco coverage resumed with a Hold at Stifel
Stifel analyst Aaron Rakers resumed coverage of Cisco with a Hold rating, saying that he thinks that the stock is nearing its fair value. Target $34.
11/18/16
11/18/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Cisco (CSCO) coverage resumed with a Hold at Stifel. 2. UPS (UPS) was initiated with an Outperform at BMO Capital while the firm initiated FedEx (FDX) with a Market Perform. 3. Synchrony (SYF) was initiated with an Overweight at Stephens. The firm also initiated American Express (AXP) and Discover (DFS) with an Underweight. 4. American Airlines (AAL), Delta Air Lines (DAL), Southwest (LUV) and Allegiant Travel (ALGT) were initiated with a Buy at Citi while the firm initiated JetBlue (JBLU), United Continental (UAL), Alaska Air (ALK), and Hawaiian Holdings (HA) with a Neutral. 5. Juniper (JNPR) coverage resumed at Stifel. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

SBUX

Starbucks

$58.96

-0.68 (-1.14%)

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Periodicals
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PWE

Penn West

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General news
Treasury Action: yields rebounded again »

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APDN

Applied DNA Sciences

$1.76

0.36 (25.71%)

09:47
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09:47
Syndicate
Applied DNA Sciences raises $1.8M in a private placement »

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09:45
06/28/17
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General news
Pending Home Sales Index to be reported at 10:00 »

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SSNLF

Samsung

09:44
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MOMO

Momo

$37.06

-2.32 (-5.89%)

, BAC

Bank of America

09:40
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06/28
09:40
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09:40
Options
Unusually active option classes on open June 28th »

Unusual total active…

MOMO

Momo

$37.06

-2.32 (-5.89%)

BAC

Bank of America

JPM

JPMorgan

GOOGL

Alphabet Class A

$948.09

-24 (-2.47%)

XBI

SPDR S&P BIOTECH

C

Citi

P

Pandora

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AAP

Advance Auto Parts

09:39
06/28/17
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09:39
06/28/17
09:39
Downgrade
Advance Auto Parts rating change  »

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PRQR

ProQR Therapeutics

$5.03

-0.025 (-0.50%)

09:38
06/28/17
06/28
09:38
06/28/17
09:38
Syndicate
Breaking Syndicate news story on ProQR Therapeutics »

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GIS

General Mills

09:36
06/28/17
06/28
09:36
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Technical Analysis
Technical View: General Mills trades higher after results and outlook »

The stock was last up…

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  • 28

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SKYS

Sky Solar

$1.54

0.26 (20.31%)

09:35
06/28/17
06/28
09:35
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09:35
Hot Stocks
Sky Solar engages lawyers to investigate conduct of former CEO »

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  • 27

    Jul

ADMS

Adamas Pharmaceuticals

$16.88

-0.51 (-2.93%)

09:35
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Hot Stocks
Adamas Pharmaceuticals appoints Alfred Merriweather as CFO »

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  • 24

    Aug

UMC

UMC

09:35
06/28/17
06/28
09:35
06/28/17
09:35
Upgrade
UMC rating change  »

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09:35
06/28/17
06/28
09:35
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General news
U.S. NAR pending home sales preview: »

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QCOM

Qualcomm

$55.43

-1.13 (-2.00%)

, NXPI

NXP Semiconductors

$109.52

-0.21 (-0.19%)

09:33
06/28/17
06/28
09:33
06/28/17
09:33
Recommendations
Qualcomm, NXP Semiconductors analyst commentary  »

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QCOM

Qualcomm

$55.43

-1.13 (-2.00%)

NXPI

NXP Semiconductors

$109.52

-0.21 (-0.19%)

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CBI

CB&I

09:33
06/28/17
06/28
09:33
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09:33
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CB&I rating change  »

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AAP

Advance Auto Parts

09:33
06/28/17
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09:33
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Advance Auto Parts rating change  »

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ACN

Accenture

09:32
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Accenture acquires Intrepid, terms not disclosed »

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TM

Toyota

09:31
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BEP

Brookfield Renewable

09:30
06/28/17
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Brookfield Renewable rating change  »

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AVAL

Grupo Aval

09:30
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09:30
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Grupo Aval rating change  »

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YEXT

Yext

09:29
06/28/17
06/28
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Conference/Events
Yext management to meet with Piper Jaffray »

Meeting to be held in…

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  • 28

    Jun

BANR

Banner Corp.

$54.58

0.64 (1.19%)

09:29
06/28/17
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Hot Stocks
Banner Corp. announces special dividend of $1.00 per share »

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BBD

Banco Bradesco

09:29
06/28/17
06/28
09:29
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09:29
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Banco Bradesco rating change  »

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PSTG

Pure Storage

09:28
06/28/17
06/28
09:28
06/28/17
09:28
Conference/Events
Pure Storage management to meet with William Blair »

Meetings to be held in…

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