Goldman Sachs Raises PT and Estimates on Palo Alto Networks (PANW) After Big Beat
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Price: $357.87 +2.38%
Rating Summary:
56 Buy, 16 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
56 Buy, 16 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Goldman Sachs maintains a 'Buy' on Palo Alto Networks (NYSE: PANW) price target of $80.00 (from $78.00).
Analyst, Greg Dunham, said, "We see 4Q results (70% yoy product growth off a significantly larger base) validating our thesis that PANW is in the early stages of gaining share in the $10 bn network security market with its highly differentiated technology. The company’s gross margins and operating margin outlook (about 375-500 bps of expansion on average over the next 3-4 years) also gives us confidence in leverage."
FY13/FY14/FY15 non-GAAP EPS estimates raised from $0.09/$0.32/$0.56 to $0.16/$0.39/$0.64.
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 $71.75 yesterday.
Analyst, Greg Dunham, said, "We see 4Q results (70% yoy product growth off a significantly larger base) validating our thesis that PANW is in the early stages of gaining share in the $10 bn network security market with its highly differentiated technology. The company’s gross margins and operating margin outlook (about 375-500 bps of expansion on average over the next 3-4 years) also gives us confidence in leverage."
FY13/FY14/FY15 non-GAAP EPS estimates raised from $0.09/$0.32/$0.56 to $0.16/$0.39/$0.64.
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 $71.75 yesterday.
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