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Fly News Breaks for May 30, 2019
PANW
May 30, 2019 | 08:47 EDT
Baird analyst Jonathan Ruykhaver said the fundamentals for Palo Alto Networks remain positive despite the billings miss during Q3. The billings miss was due to the shortening of contract duration but the analyst noted strong product growth and cloud subscription growth, strong execution, and he sees continued share gains. Ruykhaver reiterated his Outperform rating and lowered his price target to $275 form $290 on Palo Alto Networks shares.
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