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Fly News Breaks for August 31, 2016
PANW
Aug 31, 2016 | 06:36 EDT
Piper Jaffray analyst Andrew Nowinski believes Palo Alto Networks' guidance for Q1 and FY17 is "just as conservative as the prior quarters." The analyst believes "very few companies" are capable of delivering 33% revenue growth with a free cash flow margin of 35%-40%. He raised his price target for Palo Alto shares to $170 from $167 and reiterates an Overweight rating on the name following the company's Q4 results.
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