Fly News Breaks for February 25, 2020
Feb 25, 2020 | 09:12 EDT
As previously reported, Dougherty analyst Catharine Trebnick downgraded Palo Alto Networks to Neutral from Buy following two quarters of declining product growth. Execution issues have persisted and management said that sales incentives put in place last quarter are taking longer to positively impact results, noted Trebnick, who sees Palo Alto "struggling to craft a balanced product and next generation security sales force message." She sees the stock's current valuation as appropriate given the company's internal issues, Trebnick added.
News For PANW From the Last 2 Days
Jun 4, 2020 | 09:32 EDT
Cleveland Research analyst Ben Bollin said his checks suggest that the momentum Palo Alto Networks had exiting April end quarter has extended into June, as he is hearing about favorable demand for next gen application deployments and "encouraging" appliance feedback. The analyst, who also said he is hearing the pipeline appears favorable, has a Buy rating on Palo Alto shares.