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Fly News Breaks for February 8, 2017
PANW
Feb 8, 2017 | 08:12 EDT
Wells Fargo says that investors are bearish on Palo Alto's growth outlook. However, Wells remains upbeat on the company's near-term and medium-term prospects. The firm says that, as a relatively young company, Palo Alto has not yet benefited from firewall refreshes, and it thinks that the company will be boosted by this catalyst in fiscal 2017. The firm also expects the company's results to be lifted by higher subscription revenue going forward, and it keeps an Outperform rating on the shares.
News For PANW 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.
