Trading Radar for 8/30: Abercrombie & Fitch (ANF), Palo Alto Networks (PANW), Veeva Systems (VEEV) Report

Imperial Capital Reiterates Outperform as Palo Alto Networks (PANW) Reports 4Q Results

Imperial Capital reiterated an Outperform rating and $190.00 price target on Palo Alto Networks (NYSE: PANW) following the company's 4Q earnings report. PANW reported revenue of $401mn and adjusted EPS of $0.50, compared with the Street revenue estimates of 389mn and adjusted EPS estimates of 0.49.... More

Stifel Reiterates Buy on Palo Alto Networks (PANW) Following 4Q Report

Stifel reiterated a Buy rating and $210.00 price target on Palo Alto Networks (NYSE: PANW) following the company's 4Q earnings report. Total revenue increased 41.2% y/y to $400.8mn, exceeding the Street's estimate of ~$390.0mn. Non-GAAP EPS of $0.50 was in-line with estimates. Palo Alto expects 1Q17 total revenue of $396.0-402.0mn and non-GAAP EPS of $0.51-0.53 versus previous Street expectations of $401.8mn and... More

Stifel Raises Price Target on Veeva Systems (VEEV) to $43 Following 2Q Beat and Raise

Stifel reiterated a Buy rating on Veeva Systems (NYSE: VEEV), and raised the price target to $43.00 (from $40.00), following the company's 2Q earnings report. Total revenue of $131.3mn came in ahead of consensus of $126.5mn. EPS of $0.15 beat Street expectations of $0.13. Management issued 3Q17 guidance of $134.5-$136.0mn (Street $133.1mn)... More

Stifel Remains Sidelined on AeroVironment (AVAV) Following 1Q Report

Stifel reiterated a Hold rating on AeroVironment (NASDAQ: AVAV) following the company's 1Q earnings report. AV took a $1.8m charge in 1Q to account for higher warranty costs. Management indicated that, excluding the higher warranty costs in 1Q, results were largely in line with expectations.

Analyst... More

Nomura Securities Cuts price Target on Palo Alto Networks (PANW) Following 4Q

Nomura Securities maintained a Buy rating on Palo Alto Networks (NYSE: PANW), and cut the price target to $180.00 (from $200.00), following the company's 4Q earnings report. PANW reported product revenue of $191.1mn beating consensus at $187.4mn. Services revenue came in at $209.7mn, ahead of... More

UBS Remains Sidelined on Abercrombie & Fitch (ANF) Following 2Q - PT to $18

UBS maintained a Neutral rating on Abercrombie & Fitch (NYSE: ANF), and cut the price target to $18.00 (from $22.00), following the company's 2Q earnings report. UBS lowered FY16 EPS estimates to 0.67 (from $0.74), compared to the Street's $0.80. The cut is based on SSS.

Analyst Michael Binetti... More

BMO Capital Cut Price Target on Abercrombie & Fitch (ANF) to $19 Following 2Q

BMO Capital maintained a Market Perform rating on Abercrombie & Fitch (NYSE: ANF), and cut the price target to $19.00 (from $20.00), following the company's 2Q earnings report. ANF reported adjusted EPS of ($0.25) vs. the Street expectation of ($0.20). The miss came primarily from a lower-than-expected gross... More

Oppenheimer Remains bullish on Palo Alto Networks (PANW) Following In-Line 4Q Results

Oppenheimer reiterated an Outperform rating and $177.00 price target on Palo Alto Networks (NYSE: PANW) following the company's 4Q earnings report. PANW reported revenue of $400.8M, ahead of the Street's $389.8M forecast. EPS matched consensus at $0.50.

Analyst Shaul Eyal commented, "PANW reported essentially... More

Needham & Company Reiterates Hold on Palo Alto Networks (PANW) following 4Q Beat and Guide

Needham & Company reiterated a Hold rating on Palo Alto Networks (NYSE: PANW) following the company's 4Q earnings report. PANW revenue and billings of $400.8m and $572.4m were above consensus $389.9m and $559.5m respectively. Management released 1Q guidance of $396-402m is below consensus of $402m at the midpoint, while EPS of... More

Piper Jaffray Cuts Price Target on AeroVironment (AVAV) to $31 Following Weak 1Q Results

Piper Jaffray maintained an Overweight rating on AeroVironment (NASDAQ: AVAV), and cut the price target to $31.00 (from $37.00), following the company's 1Q earnings report. Revenues of $36.2M were down 23.0% on a year/year basis and came in $1.6M below consensus estimates ($37.8M). EPS missed consensus estimates by $0.33.

Analyst Troy Jensen... More

Needham & Company Raises Price Target on Veeva Systems (VEEV) Following 2Q report

Needham & Company reiterated a Buy rating Veeva Systems (NYSE: VEEV) price target of $43.00 (from $38.00), following the company's 2Q earnings report. VEEV reported Revenues and EPS of $131.3mm and $0.15, ahead of $126.3mm/$0.13 estimates.

Analyst Scott Berg commented, "Veeva reported another impressive quarter with revenue... More

Mizuho Securities Cuts Price Target on Abercrombie & Fitch (ANF) Following 2Q Miss

Mizuho Securities maintained a Neutral rating on Abercrombie & Fitch (NYSE: ANF), and cut the price target to $20.00 (from $23.00), following the company's 2Q earnings report. ANF reported EPS of $(0.25), missing the Streets $(0.20) estimate.

Analyst Betty Chen commented, "We are lowering our estimates... More

Piper Jaffray Remains Sidelined on G-III Apparel Group (GIII) Following 2Q Miss

Piper Jaffray maintained a Neutral rating and $48.00 price target on G-III Apparel Group (NASDAQ: GIII) following the company's 2Q earnings report. Sales were down 7% to $442M vs. the Street's $485M. The company reported a LPS of ($0.03), well below guidance and the Street's $0.18.

Analyst Erinn Murphy commented, "We... More