Imperial Capital Sees Continued Near-Term Expansion for Palo Alto Networks (PANW); Raises Price Target to $205

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Go back to Imperial Capital Sees Continued Near-Term Expansion for Palo Alto Networks (PANW); Raises Price Target to $205

Palo Alto Networks Reports Fiscal First Quarter 2016 Financial Results

November 23, 2015 4:03 PM EST

SANTA CLARA, Calif., Nov. 23, 2015 /PRNewswire/ -- Palo Alto Networks (NYSE: PANW), the next-generation security company, today announced financial results for its fiscal first quarter 2016 ended October 31, 2015.

Total revenue for the fiscal first quarter 2016 grew 55 percent year-over-year to a record $297.2 million, compared with total revenue of $192.3 million for the fiscal first quarter 2015. GAAP net loss for the fiscal first quarter 2016 was $38.7 million, or $0.45 per diluted share, compared with GAAP net loss of $30.1 million, or $0.38 per diluted share, for the fiscal... More