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UBS Cuts Price Target on Palo Alto Networks (PANW) to $160 Following 1Q

November 22, 2016 8:28 AM EST

UBS maintained a Buy rating on Palo Alto Networks (NYSE: PANW), and cut the price target to $160.00 (from $165.00), following the company's 1Q earnings report. PANW reported product revenue of $164M, below the Street's $167M estimate.

Analyst Brent Thill commented, "On the heels of a tough set-up... More

BTIG Trims PT on Palo Alto Networks (PANW) to $190 Following Q1 Results, Outlook; Affirms at 'Buy'

November 22, 2016 7:20 AM EST

BTIG lowers its price target on Buy-rated Palo Alto Networks (NYSE: PANW) from $210 to $190 following Q1 results and guidance issued Monday night.

The firm noted the following today:

Larger deals a blessing and a curse near term. Revenues and billings came in below expectations,... More

Needham & Company Remains Sidelined on Palo Alto Networks (PANW) Following Mixed Quarter

November 22, 2016 7:19 AM EST

Needham & Company reiterated a Hold rating on Palo Alto Networks (NYSE: PANW) following the company's 1Q earnings report. PANWs $398.1m revenues and $517m billings were below the consensus estimates of $400m revenue and $525m billings. EPS of $0.55 was better than $0.52 consensus. Management guided 2Q to $426-432m and $0.61-0.63 EPS, which is below... More