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

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

Palo Alto Networks Reports Fiscal Third Quarter 2015 Financial Results

May 27, 2015 4:03 PM EDT

SANTA CLARA, Calif., May 27, 2015 /PRNewswire/ -- Palo Alto Networks, Inc. (NYSE: PANW) today announced financial results for its fiscal third quarter 2015 ended April 30, 2015.

Total revenue for the fiscal third quarter 2015 grew 55 percent year-over-year to a record $234.2 million, compared with $150.7 million for the fiscal third quarter 2014. GAAP net loss for the fiscal third quarter 2015 was $45.9 million, or $0.56 per diluted share, compared with GAAP net loss of $146.6 million, or $1.96 per diluted share, for the fiscal third quarter 2014.

Palo Alto Networks recorded... More

Palo Alto Networks® Acquires CirroSecure

May 27, 2015 4:03 PM EDT

SANTA CLARA, Calif., May 27, 2015 /PRNewswire/ -- Palo Alto Networks® (NYSE: PANW), the leader in enterprise security, today 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 ability to safely enable applications and prevent cyber threats from compromising an organization's data and infrastructure.  A key attribute of the platform is the ability to secure high risk, unsanctioned... More