Palo Alto Networks (PANW) PT Raised to $640 at Guggenheim
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Go back to Palo Alto Networks (PANW) PT Raised to $640 at Guggenheim
August 23, 2022 6:59 AM EDT
Shares of Palo Alto Networks (NASDAQ: PANW) are up more than 8% in pre-open Tuesday after the security software company reported strong results and offered upbeat guidance.
Palo Alto reported an adjusted EPS of $2.39 to beat the consensus of $2.28 while revenue was in line with expectations at $1.55 billion. The company reported billings growth of +44%, much better than the estimate of 25.1%.
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August 23, 2022 6:16 AM EDT
BMO Capital analyst Keith Bachman raised the price target on Palo Alto Networks (NASDAQ: PANW) to $675.00 (from $650.00) while maintaining an Outperform rating following strong results.
The analyst commented, "While most of our coverage universe is guiding estimates lower on a CC basis, PANW is... More
