After Palo Alto reported lower than expected revenue and billings, RBC Capital analyst Matthew Hedberg says the company's results and guidance were very disappointing. However, he thinks that the company can fix its go-to-market issues and he says that the outlook of the company's margins and new products is encouraging. Hedberg believes that the company can deliver "above-peer growth, "although he thinks that the stock will be range-bound in the shorter term. Hedberg cut his price target on the stock to $140 from $170 but keeps an Outperform rating on the shares.