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Fly News Breaks for February 25, 2020
Feb 25, 2020 | 07:21 EDT
Wedbush analyst Daniel Ives lowered his price target for Palo Alto Networks to $140 from $275 after the company reported weak Q2 results that missed on the top line due to the lingering sales incentive issues causing weaker product revenue and ultimately led to the company to lower its fiscal year 2020 guidance, which "will clearly" weigh on shares. While there was upside to margins and billings beat expectations, the focus of the Street will be squarely on the execution issues that led to the significant top line miss, he contends. Ives maintains an Outperform rating on the shares.
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.