UPDATE: Barclays Starts Palo Alto Networks (PANW) at Equalweight; Pioneering...But Strong Growth Probably Priced In
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Price: $52.11 -0.19%
Rating Summary:
14 Buy, 12 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
14 Buy, 12 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade PANW Now!
(Updated - August 14, 2012 2:07 PM EDT)
Barclays initiates coverage on Palo Alto Networks (NYSE: PANW) with an Equalweight. PT $58.00.
Analyst, Jeff Kvaal, said, "Palo Alto Network's leadership in next generation firewalls should drive robust growth in sales and margins: We expect meaningful revenue and margin upside in the near and medium term. A rich multiple leads to our EW."
Kvaal also noted that PANW has taken share from Cisco (Nasdaq: CSCO) and Juniper (Nasdaq: JNPR) and that revenue estimates are likely conservative (by a lot). He has a FY13 EPS estimate of $0.14, but said PANW has the potential to report up to $0.40.
For an analyst ratings summary and ratings history on Palo Alto Networks click here. For more ratings news on Palo Alto Networks click here.
Shares of Palo Alto Networks closed at $62.72 yesterday, with a 52 week range of $51.10-$63.97.
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Barclays initiates coverage on Palo Alto Networks (NYSE: PANW) with an Equalweight. PT $58.00.
Analyst, Jeff Kvaal, said, "Palo Alto Network's leadership in next generation firewalls should drive robust growth in sales and margins: We expect meaningful revenue and margin upside in the near and medium term. A rich multiple leads to our EW."
Kvaal also noted that PANW has taken share from Cisco (Nasdaq: CSCO) and Juniper (Nasdaq: JNPR) and that revenue estimates are likely conservative (by a lot). He has a FY13 EPS estimate of $0.14, but said PANW has the potential to report up to $0.40.
For an analyst ratings summary and ratings history on Palo Alto Networks click here. For more ratings news on Palo Alto Networks click here.
Shares of Palo Alto Networks closed at $62.72 yesterday, with a 52 week range of $51.10-$63.97.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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