Information Provided By:
Fly News Breaks for February 25, 2020
Feb 25, 2020 | 07:48 EDT
Credit Suisse analyst Brad Zelnick lowered his price target for Palo Alto Networks to $190 from $195 after the company reported a 3rd consecutive quarterly miss in Q2, once again citing changing sales incentives at the end of its last fiscal year as the culprit. While the analyst appreciates changes in incentives take time to have an impact, he sees a disconnect between a realignment of incentives toward product and its cloud security focused marketing strategy. Even still, if Palo Alto Networks is able to drive product revenue growth back to the high-single digits, subscription revenue will have to accelerate to hit management's 20% 3-year revenue CAGR target., he adds. Overall, Zelnick still sees a difficult path to achieving targets, especially as the cloud security market becomes even more competitive. He has an Underperform 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.