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

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

Palo Alto Networks (PANW) PT Lifted to $185 at Nomura Securities on Another 'Strong' Quarter

Nomura Securities analyst Frederick Grieb raised his price target on Buy-rated Palo Alto Networks (NYSE: PANW) to $185.00 (from $165.00) following another strong quarter.

Grieb commented, "Wednesday, after the close, Palo Alto announced F3Q15 results, with billings growth of 56% YoY. The billings... More

Palo Alto Networks (PANW) PT Lifted to $182 at Needham & Company Following Strong Q3

Needham & Company analyst Scott Zeller reiterated a Buy rating and boosted his price target on Palo Alto Networks (NYSE: PANW) to $182.00 (from $160.00) following another strong quarter.

Zeller commented, "The Palo Alto performance in the April quarter was strong as anticipated, and was a... More

Palo Alto Networks (PANW) PT Raised to $185 at Piper Jaffray Amid 'Very Strong Execution'

Piper Jaffray analyst Andrew Nowinski raised estimates and his price target on Overweight-rated Palo Alto Networks (NYSE: PANW) to $185.00 (from $165.00) following "very strong" execution in Q3.

Nowinski commented, "Palo Alto continues to execute very well, with FQ3(Apr) results exceeding the Street estimate... More

After-Hours Stock Movers 05/27: (RALY) (PLKI) Higher; (NBS) (TLYS) (OCN) Lower (more...)

Rally Software (NYSE: RALY) 43.9% HIGHER; CA Technologies (NASDAQ: CA) announced it has signed a definitive agreement to acquire Rally Software Development Corp. (NYSE: RALY), a leading provider of Agile development software and services, for $19.50 per share, which equates to approximately $480 million, net of cash acquired. The transaction has been unanimously approved by both Boards of Directors, and is expected to close in the second quarter of CAs fiscal 2016. Based in Boulder, CO, Rally has approximately 500 employees across four... More

Market Wrap: Broadcom, Avago in M&A Speculation; Kors' 'Unfashionable' Q4, Outlook; McDonald's to Trim-Back Data

End of the Day: S&P 500 up 19.3 to 2,123.48; Dow Jones up 121.5 to 18,162.99; Nasdaq up 73.8 to 5,106.59

Market Brief: U.S. markets largely rose Thursday led by the technology sector, which rose 1.2 percent on the session.

Greece and its creditors were said to begin drafting a final agreement, though there is some speculation by at least one finance minister that the country will be able to close a deal... 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

Cowen Raised Price Target on Palo Alto Networks (PANW) Ahead of Q3 Results

Cowen maintains a Market Perform rating on Palo Alto Networks (NYSE: PANW), and raised the price target to $175.00 (from $165.00), leading up to 3Q earnings report. PANW is scheduled to release Q3 earnings results tomorrow after the close of market.

Analyst Gregg Moskowitz... More

Notable 52-Week Highs and Lows 5/26: (CVC) (DE) (PANW) High; (ACI) (ANR) (KORS) Low

52-Week High:Cablevision (NYSE: CVC) $26.50. Cablevision moving higher Tuesday following news that Charter Communicatoins and Time Warner Cable have entered a merger agreement.

Deere (NYSE: DE) $94.24. Deere moving to annual highs amid Baird downgrading the stock from Outperform to Neutral earlier, while also moving its price target from $102 down to... More

Trading Radar for 5/27: Costco (COST), Michael Kors (KORS), Tiffany & Co. (TIF), Toll Brothers (TOL), Palo Alto Networks (PANW) Report

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
7:00am EDT
MBA Mortgage Index - no Street consensus

Earnings:

BMO Financial Group (NYSE: BMO) - consensus EPS $1.65
Brown Shoe (NYSE:... More