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Fly News Breaks for August 19, 2019
PANW
Aug 19, 2019 | 09:20 EDT
Guggenheim analyst Imtiaz Koujalgi maintained a Buy rating on Palo Alto Networks but removed the stock from the firm's Best Idea List. While the analyst believes the risk/reward is even more attractive after the 7% decline on Friday, Koujalgi tells investors in a research note that he is concerned about the near-term given the uncertainty around various metrics going forward -- billings, cash flow, margins, and how the stock would react to the potential downside to those numbers. Also, Palo Alto announced that its head of sales is leaving the company, and Koujalgi says a change like that always introduces some risk of disruption.
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