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Fly News Breaks for March 1, 2017
CSCO, PANW
Mar 1, 2017 | 08:20 EDT
As previously reported, Baird analyst Jayson Noland downgraded Palo Alto Networks (PANW) to Neutral from Outperform following soft Q2 revenue and Q3 guidance that was well below expectations. Management cited execution issues rather than competition and Noland believes Cisco (CSCO) has become a more stronger competitor. Noland lowered his price target to $130 from $175 on Palo Alto shares.
News For PANW;CSCO From the Last 2 Days
PANW
Apr 29, 2024 | 11:20 EDT
Morgan Stanley analyst Hamza Fodderwala tells investors that recent checks indicate "solid" large deal activity and "favorable" competitive positioning for Palo Alto Networks, making the firm "incrementally bullish" ahead of next week's AI event scheduled for May 7 at RSA conference, at which the company is likely to announce new products. The firm has an Overweight rating and $360 price target on Palo Alto shares.
