Palo Alto Networks® Acquires CirroSecure

Imperial Capital Raises Price Target Following Palo Alto Networks (PANW) Q3 Results and CirroSecure Acquisition

Imperial Capital maintains an Outperform rating on Palo Alto Networks (NYSE: PANW), and increased the price target to $185.00 (from $170.00), following F3Q15 results. PANW reported revenue of $234mn, above Imperial Capital estimates of
$223mn. Adjusted EPS of $0.23 beat estimates of $0.20. PANW also announced the acquisition of CirroSecure for $18mn.

Analyst... More

FBR Capital Raised Palo Alto Networks (PANW) Price Target Following a Solid 3Q

FBR Capital reiterates an Outperform rating on Palo Alto Networks (NYSE: PANW), and raised the price target to $175.00 (from $165.00), following its F3Q15 earnings results. Total revenue of $234.2M beat the Street's estimate of $223.4M. Pro forma EPS came in at $0.23, above the Streets $0.20 estimate.

Analyst Daniel Ives commented, "Last night, Palo Alto Networks reported yet another rock solid quarter with F3Q15 (April) results coming in ahead of expectations on the top line, bottom line, and billings,... More

Oppenheimer Raised Price Target on Palo Alto Networks (PANW) Following Q3 Beat

Oppenheimer maintained an Outperform rating on Palo Alto Networks (NYSE: PANW), and raised the price target to $180.00 (from $175.00), following 3Q15 results. PANW reported revenue of $234.2M, beating the consensus estimate
of $223.4M. EPS of $0.23 beat consensus by $0.03.

Analyst Shaul Eyal commented, "PANW reported F3Q15... More

Palo Alto Networks (PANW) Tops Q3 EPS by 3c; Announces Acquisition of CirroSecure

Palo Alto Networks (NYSE: PANW) reported Q3 EPS of $0.23, $0.03 better than the analyst estimate of $0.20. Revenue for the quarter came in at $234.2 million versus the consensus estimate of $223.26 million.

Palo Alto Networks sees Q4 2015 EPS of $0.24-$0.25, versus the consensus of $0.24. Palo Alto Networks sees Q4 2015 revenue of $252-56 million, versus the consensus of $247.7 million.

PANW also announced it has acquired CirroSecure, a Silicon Valley-based company with a highly differentiated approach to securing Software as a Service (SaaS) applications.

The Palo Alto Networks Enterprise Security Platform provides the industry's leading... More