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PANW

Palo Alto Networks

$169.32

3.78 (2.28%)

, FTNT

Fortinet

$50.32

0.45 (0.90%)

07:45
02/27/18
02/27
07:45
02/27/18
07:45

Palo Alto Networks price target raised to $190 from $170 at BMO Capital

BMO Capital analyst Keith Bachman raised his price target on Palo Alto Networks (PANW) to $190, saying that investor sentiment around the "perimeter firewall sector" should improve after several years of overhanging worries around the impact of cloud and competition. Bachman believes that Palo Alto Networks as well as Fortinet (FTNT) should benefit from "robust" spending in hybrid cloud security this year. The analyst keeps his Market Perform rating on Palo Alto however, adding he still has some concerns about the "durability of billings growth".

PANW

Palo Alto Networks

$169.32

3.78 (2.28%)

FTNT

Fortinet

$50.32

0.45 (0.90%)

  • 27

    Feb

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    Mar

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    Mar

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    Apr

PANW Palo Alto Networks
$169.32

3.78 (2.28%)

02/27/18
JEFF
02/27/18
NO CHANGE
Target $206
JEFF
Buy
Palo Alto Networks price target raised to $206 from $183 at Jefferies
Jefferies analyst John DiFucci raised his price target for Palo Alto Networks to $206 saying the company easily exceeded Q2 expectations and guided Q3 results well ahead of the Street. The company's fiscal year outlook "appears prudent and achievable for the company," DiFucci tells investors in a post-earnings research note. He reiterates a Buy rating on the shares.
02/27/18
BTIG
02/27/18
NO CHANGE
Target $210
BTIG
Buy
Palo Alto Networks price target raised to $210 from $175 at BTIG
BTIG analyst Joel Fishbein raised his price target on Palo Alto Networks to $210, saying the latest quarter's results exemplifies why the stock is his "favorite in the security space". Fishbein notes 28% growth in revenue, 20% rise in billings, and continued adoption of Palo Alto's Next-Gen Security Platform, stating that security spending remains strong as hybrid cloud deployment is in the company's "sweet spot". The analyst keeps his Buy rating, adding that the emerging refresh cycle should produce even more upside from his current projections.
02/27/18
PIPR
02/27/18
NO CHANGE
Target $200
PIPR
Overweight
Palo Alto Networks price target raised to $200 from $173 at Piper Jaffray
Piper Jaffray analyst Andrew Nowinski raised his price target for Palo Alto Networks to $200 saying the company last night reported a "very strong" Q2, with all metrics exceeding consensus and guidance. Palo Alto has the most comprehensive security platform in the industry and will continue taking market share, Nowinski tells investors in a post-earnings research note. The analyst reiterates an Overweight rating on the shares.
02/27/18
KEYB
02/27/18
NO CHANGE
Target $210
KEYB
Overweight
Palo Alto Networks price target raised to $210 from $190 at KeyBanc
KeyBanc analyst Rob Owens raised his price target for Palo Alto Networks to $210 from $190 on signs of continued execution and raised expectations. The analyst reiterates an Overweight rating on the shares.
FTNT Fortinet
$50.32

0.45 (0.90%)

01/26/18
01/26/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Starbucks (SBUX) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst Karen Holthouse removed Starbucks (SBUX) from the Conviction Buy List citing another reduction in estimates and risks to back-half weighted guidance. 2. Bed Bath & Beyond (BBBY) downgraded to Underweight from Neutral at JPMorgan with analyst Christopher Horvers saying the stock has run up 16% since the House passed the tax bill in November, and recent estimate revisions suggest the Street is assuming 50% flow through of tax savings. 3. Whirlpool (WHR) downgraded to Sector Weight from Overweight at KeyBanc with analyst Kenneth Zener citing expectations the stock's past trading range will hold. 4. Newell Brands (NWL) downgraded to Sector Perform from Outperform at RBC Capital with analyst Nik Modi saying the forward estimates no longer appear trustworthy after the company's third downward revision in guidance in less than six months. 5. Fortinet (FTNT) downgraded to Market Perform on valuation at Raymond James with analyst Michael Turits citing strong relative shares performance. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/01/18
DOTC
02/01/18
DOWNGRADE
DOTC
Neutral
Fortinet downgraded to Neutral from Buy at Dougherty
02/06/18
RBCM
02/06/18
NO CHANGE
Target $46
RBCM
Sector Perform
Fortinet price target raised to $46 from $42 at RBC Capital
RBC Capital analyst Dan Bergstrom raised his price target on Fortinet to $46 after Q4 earnings and Q1 guidance, saying the outlook should position the stock to work even though it received a boost from a share repurchase and a lower tax rate. The analyst keeps his Sector Perform rating on Fortinet, adding that he came away from the earnings " feeling better about the mix-shift and potential for better execution in 2018".
02/06/18
BMOC
02/06/18
NO CHANGE
Target $50
BMOC
Outperform
Fortinet price target raised to $50 from $45 at BMO Capital
BMO Capital analyst Keith Bachman raised his price target on Fortinet to $50 and kept his Outperform rating following Q4 earnings, citing the company's 71% growth in free cash flows from improved capital management and profitability. Bachman contends that the stock may be undervalued based on its ability to generate free cash flows of at least $600M, up from $560M in FY17, given that "cash flow cycle days can improve and operating margins can steadily move higher".

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T

AT&T

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SBGI

Sinclair Broadcast

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DE

Deere

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IBM

IBM

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GNRC

Generac

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MTW

Manitowoc

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ASOMY

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