Palo Alto Networks Reports Fiscal Third Quarter 2017 Financial Results

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Palo Alto Networks (PANW) PT Raised to $165 at Cowen Following Strong 3Q

June 1, 2017 7:45 AM EDT

Cowen raised its price target on Palo Alto Networks (NYSE: PANW) to $165.00 (from $150.00) while maintaining a Outperform rating following the company's 3Q. Billings grew by 12% y/y, exceeding the Street's 8% estimate. Revenue of $432m (+25% y/y) easily exceeded the Street's $412m est. EPS of $0.61... More

Palo Alto Networks (PANW) PT Raised to $135 at Deutsche Bank Following 3Q

June 1, 2017 7:11 AM EDT

Deutsche Bank raised its price target on Palo Alto Networks (NYSE: PANW) to $135.00 (from $125.00) while maintaining a Hold rating following the company's 3Q earnings report.

PANW reported 3Q hardware revenues of $164m, compared to guidance of -10% to $146m. The beat should lift the stock near-term.

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Palo Alto Networks (PANW) PT Raised to $155 at Jefferies

June 1, 2017 7:03 AM EDT

Jefferies raised its price target on Palo Alto Networks (NYSE: PANW) to $155.00 (from $150.00) while maintaining a Buy rating.

Analyst John DiFucci acknowledges PANW business metrics improved modestly. He believes Q4 guidance is "prudent" and sees a likelihood the guidance from the company will prove... More

Palo Alto Networks (PANW) PT Raised to $147 at Citi

June 1, 2017 6:28 AM EDT

Citi raised its price target on Palo Alto Networks (NYSE: PANW) to $147.00 (from $130.00) while maintaining a Neutral rating.

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Palo Alto Networks (PANW) Tops Q3 EPS by 6c, Q4 Guidance Beats

May 31, 2017 4:05 PM EDT

(Updated - May 31, 2017 4:07 PM EDT)

Palo Alto Networks (NYSE: PANW) reported Q3 EPS of $0.61, $0.06 better than the analyst estimate of $0.55. Revenue for the quarter came in at $431.8 million versus the consensus estimate of $412.02... More