JMP Securities Reiterates Market Outperform Rating on Palo Alto Networks (PANW)

JMP Securities analyst Trevor Walsh reiterated a Market Outperform rating and $208.00 price target on Palo Alto Networks (NASDAQ: PANW).

The analyst noted among twelve other positive data points about the company that“a IoT subject-matter expert, on the topic of the category as a standalone or part of a platform, that “Palo Alto has made significant investments… has embraced this idea that NGFW could be the sensor but they also realized that this is not your run-of-the-mill IT… building around this industrial centricity and understanding different personas of people at the table… Cisco got Sentrio and Microsoft got CyberX… End of the day remains an add-on to their own play… can’t play the we are agnostic game.”

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 $189.30 yesterday.

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