Palo Alto Networks forecasts current-quarter profit below estimates, shares fall

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Go back to Palo Alto Networks forecasts current-quarter profit below estimates, shares fall

Palo Alto Networks (PANW) PT Lowered to $185 at Credit Suisse

May 30, 2019 7:40 AM EDT

Credit Suisse analyst Brad Zelnick lowered the price target on Palo Alto Networks (NYSE: PANW) to $185.00 (from $190.00) while maintaining a Underperform rating following 3Q report. PANW reported weaker than expected Services revenue offset by stronger Product. Billings +13% y/y underwhelmed vs. Street... More