Nomura Securities is Expecting Another Beat-and Raise Quarter from Palo Alto Networks (PANW); Reiterates Buy
Get Alerts PANW Hot Sheet
Rating Summary:
46 Buy, 18 Hold, 0 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 20 | Down: 14 | New: 22
Join SI Premium – FREE
Nomura Securities maintains a Buy rating and $165 price target on Palo Alto Networks (NYSE: PANW) leading up to its 3Q report. Analyst Frederick Grieb is expecting another beat-and-raise quarter. PANW is scheduled to release its F3Q'15 earnings report on May 27th, following the close of market.
Grieb commented on PANW, saying, "Our checks for the quarter were generally positive on Palo Alto’s products and support a quarter that is ahead of expectations. During the quarter, we heard commentary about several resellers that were running ahead of plan with Palo Alto sales, and the average reseller we spoke with was about 2% ahead of plan at the end of March. Based on these checks, we expect Palo Alto to report a quarter that is better than the Street 3Q’15 revenue expectation of $223mn."
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 $158.52 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- PALO ALTO NETWORKS, INC. (NASDAQ: PANW) DEADLINE ALERT: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against Palo Alto
- Red Cat Holdings Inc. (RCAT) Misses Q3 EPS by 5c
- China Resources Beer Holdings Co Ltd. (291:HK) (CRHKY) PT Raised to HK$44.67 at Jefferies
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Nomura, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!