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PANW

Palo Alto Networks

$250.21

3.29 (1.33%)

07:33
11/26/19
11/26
07:33
11/26/19
07:33

Wedbush still 'firmly bullish' on Palo Alto Networks despite product miss

Wedbush analyst Daniel Ives says Palo Alto Networks reported "mixed" October quarter results last night as the company beat the Street's sales and billings estimates while delivering "weak" product and cash flow numbers. The analyst, however, is "not overly alarmed" by the product miss and remains "firmly bullish" on the company and risk/reward for the next year. He keeps an Outperform rating on Palo Alto Networks with a $275 price target.

  • 09

    Dec

PANW Palo Alto Networks
$250.21

3.29 (1.33%)

11/20/19
LEHM
11/20/19
NO CHANGE
Target $264
LEHM
Overweight
Palo Alto Networks price target raised to $264 from $242 at Barclays
Barclays analyst Saket Kalia raised his price target for Palo Alto Networks to $264 from $242 and keeps an Overweight rating on the shares. The analyst thinks billings expectations are beatable from Next-Gen security after his checks "sounded fine."
11/26/19
JEFF
11/26/19
NO CHANGE
Target $275
JEFF
Buy
Palo Alto long-term outlook achievable despite 'hiccup,' says Jefferies
Palo Alto Networks last night reported fiscal Q1 total revenue and billings above estimates, though investor expectations were likely inflated going into the print, Jefferies analyst Brent Thill tells investors in a research note. Management attributed product revenue weakness primarily to missed execution as a result of repositioning of sales incentives to push "next gen products," adds the analyst. He continues to view Palo Alto as a "best-in-class security platform play" and believes its long-term guidance is achievable "despite a near-term hiccup." Thill keeps a Buy rating on the shares with a $275 price target.
11/26/19
LEHM
11/26/19
NO CHANGE
Target $260
LEHM
Overweight
Palo Alto Networks price target lowered to $260 from $264 at Barclays
Barclays analyst Saket Kalia lowered his price target for Palo Alto Networks to $260 from $264 while keeping an Overweight rating on the shares following last night's results. Billings is the most important metric, but product still matters, "which is why this rally will get cut short," Kalia tells investors in a post-earnings research note. Management attributed the product miss to execution related to changing sales incentives, adds the analyst.
11/26/19
SBSH
11/26/19
NO CHANGE
Target $283
SBSH
Buy
Palo Alto Networks price target raised to $283 from $247 at Citi
Citi analyst Walter Pritchard raised his price target for Palo Alto Networks to $283 from $247 saying that despite the $25M product miss in fiscal Q1, cloud subscriptions more than made up for the difference on billings. The analyst believes the company's profitability "holds while considerable investments continue." The market will soon place a premium on security companies that are "on-sides" with cloud trend, where Palo Alto is leading, Pritchard tells investors in a post-earnings research note. He keeps a Buy rating on the shares.

TODAY'S FREE FLY STORIES

RCKT

Rocket Pharmaceuticals

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ARGX

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, JNJ

Johnson & Johnson

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BLUE

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BGNE

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LLY

Eli Lilly

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BMY

Bristol-Myers

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QURE

uniQure

$66.06

1.5 (2.32%)

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  • 09

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FTSV

Forty Seven

$14.40

0.23 (1.62%)

15:56
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  • 09

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AQST

Aquestive Therapeutics

$8.02

-0.34 (-4.07%)

15:50
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APRE

Aprea Therapeutics

$26.20

1.995 (8.24%)

15:23
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BPMC

Blueprint Medicines

$78.50

3.92 (5.26%)

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  • 08

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IFF

International Flavors

$142.03

0.21 (0.15%)

, DD

DuPont

$63.60

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International Flavors in talks to buy DuPont nutrition unit, Bloomberg reports »

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IFF

International Flavors

$142.03

0.21 (0.15%)

DD

DuPont

$63.60

1.6 (2.58%)

KRYAY

Kerry Group

$0.00

(0.00%)

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CHWRF

China Tower

$0.00

(0.00%)

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PRNB

Principia Biopharma

$37.30

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DY

Dycom

$50.93

0.495 (0.98%)

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IMV

IMV Inc.

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KURA

Kura Oncology

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  • 08

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PTLA

Portola Pharmaceuticals

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FATE

Fate Therapeutics

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STOK

Stoke Therapeutics

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AUTL

Autolus Therapeutics

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  • 09

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AGIO

Agios Pharmaceuticals

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ZIOP

Ziopharm

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TGTX

TG Therapeutics

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