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Fly News Breaks for February 25, 2020
Feb 25, 2020 | 06:49 EDT
Mizuho analyst Gregg Moskowitz lowered the firm's price target on Palo Alto Networks to $245 from $265 and keeps a Buy rating on the shares. Following last night's results, which included a "woeful" 9% year-over-year decline in product revenue, it is now clear that it will take longer than expected for Palo Alto to recover from the "ill-advised" sales incentives changes from last year, Moskowitz tells investors in a research note. However, the company's subscription business continues to thrive, and Palo Alto expects a return to product revenue growth in July, adds the analyst.
News For PANW From the Last 2 Days
May 19, 2022 | 16:43 EDT
Technology Analysts provide a recap of Palo Alto Networks 3Q reported earnings on an Analyst/Industry conference call to be held on May 20 at 9 am. Webcast Link
May 19, 2022 | 16:06 EDT
Sees Q4 revenue $1.53B-$1.55B; Total billings in the range of $2.32B-$2.35B, representing year over year growth of between 24%-26%.
May 19, 2022 | 13:28 EDT
Notable companies reporting after the market close, with earnings consensus, include Applied Materials (AMAT), consensus $1.90... Palo Alto (PANW), consensus $1.68... Ross Stores (ROST), consensus $1... V.F. Corp. (VFC), consensus 46c... Deckers Outdoor (DECK), consensus $1.32.