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Fly News Breaks for February 25, 2020
PANW
Feb 25, 2020 | 06:52 EDT
Citi analyst Walter Pritchard lowered the firm's price target on Palo Alto Networks to $250 from $283 and keeps a Buy rating on the shares. While lower product revenue headlined the Q2 results, the company's cloud leadership is still clear, Pritchard tells investors in a research note. Customer additions "remained healthy" at 2,500 and annuity revenue, even that attached to appliances remained strong, says the analyst.
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