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Fly News Breaks for February 25, 2020
PANW
Feb 25, 2020 | 09:12 EDT
As previously reported, Dougherty analyst Catharine Trebnick downgraded Palo Alto Networks to Neutral from Buy following two quarters of declining product growth. Execution issues have persisted and management said that sales incentives put in place last quarter are taking longer to positively impact results, noted Trebnick, who sees Palo Alto "struggling to craft a balanced product and next generation security sales force message." She sees the stock's current valuation as appropriate given the company's internal issues, Trebnick added.
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