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Fly News Breaks for March 1, 2017
PANW
Mar 1, 2017 | 06:30 EDT
Piper Jaffray analyst Andrew Nowinski lowered his price target for Palo Alto Networks to $150 from $178 citing "another disappointing quarter," with revenue, billings and guidance all below Street expectations. The analyst, however, keeps an Overweight rating on the shares. The company's growth rates are still above its competition, Nowinski tells investors in a post-earnings research note. He believes Palo Alto's new products and a pending refresh cycle should enable the company to get growth back on track in FY18.
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