Palo Alto Networks (PANW): Hyper Growth Phase Is Over - UBS

August 31, 2016 9:45 AM EDT
Get Alerts PANW Hot Sheet
Price: $143.98 +2.23%

Rating Summary:
    40 Buy, 10 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 19 | Down: 19 | New: 13
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UBS analyst, Brent Thill, reiterated his Buy rating on shares of Palo Alto Networks (NYSE: PANW) stating that the company is the best house in a "changing neighborhood".

The analyst believes the company is both in "the later stage of the spending cycle" and experiencing a shift towards subscription vs upfront purchases. He stated that PANW's F4Q results and F1Q guide validated his perspective.

Taking a bold stance, the analyst stated the company has exited "Wave 1" of its hyper product-focused growth and is heading into a transition to "Wave 2": increasingly subscription-centric sales. This seems to imply that the change in revenue growth is long term in nature.

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