Palo Alto Networks (PANW) Tops Q3 EPS by 10c, Revenues Beat; Offers FY21 EPS/Revenues Guidance Above Consensus, Affirms 4Q EPS/Revenue Outlook

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Go back to Palo Alto Networks (PANW) Tops Q3 EPS by 10c, Revenues Beat; Offers FY21 EPS/Revenues Guidance Above Consensus, Affirms 4Q EPS/Revenue Outlook

Palo Alto Networks (PANW) Gains After Beating Q3 Views, Analyst Sees 'Bargain Valuation'

May 21, 2021 9:05 AM EDT

Shares of Palo Alto Networks (NASDAQ: PANW) are trading about 6% higher in early trading Friday after the company reported healthier-than-expected Q3 earnings and guidance.

The security hardware and software company posted adjusted earnings of $1.38 per share, compared to $1.28 per share expected by analysts, according to Refinitiv. Revenue came in at $1.07 billion, up from the expected $1.06 billion.

On an annualized basis, revenue climbed 24% in the second quarter which ended on April 30, and up 25% from the previous quarter. During the period, Palo Alto Networks bought a cloud security company Bridgecrew for $156 million.

"The... More

Palo Alto Networks (PANW) PT Raised to $420 at Jefferies

May 21, 2021 7:35 AM EDT

Jefferies analyst Brent Thill raised the price target on Palo Alto Networks (NYSE: PANW) to $420.00 (from $400.00) while maintaining a Buy rating.

... More

BAC, PANW, GOLD on Mad Money Tonight

May 20, 2021 9:58 AM EDT

Bank of America (NYSE: BAC), Barrick Gold (NASDAQ: GOLD), Palo Alto Networks (NYSE: PANW) o Mad Money with Jim Cramer tonight.

... More

Palo Alto Networks (PANW) PT Lowered to $500 at Barclays

May 19, 2021 5:34 AM EDT

Barclays analyst Saket Kalia lowered the price target on Palo Alto Networks (NYSE: PANW) to $500.00 (from $565.00) while maintaining a Overweight rating.... More

Palo Alto Networks (PANW) PT Lowered to $400 at Jefferies

May 18, 2021 8:35 AM EDT

Jefferies analyst Brent Thill lowered the price target on Palo Alto Networks (NYSE: PANW) to $400.00 (from $460.00) while maintaining a Buy rating.... More

UPDATE: Raymond James Upgrades Palo Alto Networks (PANW) to Outperform

May 18, 2021 4:24 AM EDT

(Updated - May 18, 2021 7:17 AM EDT)

Raymond James analyst Michael Turits upgraded Palo Alto Networks (NYSE: PANW) from Market Perform to Outperform with a price target of $400.00.

The analyst comments "We are upgrading PANW to Outperform and establishing a $400 price target. PANW has... More