Palo Alto Networks (PANW) Tops Q1 EPS by 14c, Offers Guidance
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November 18, 2022 8:33 AM EST
Morgan Stanley analyst Hamza Fodderwala reiterated an Overweight rating and $268.00 price target on Palo Alto Networks (NASDAQ: PANW) following strong Q1 earnings and said the shares are ready to re-rate higher following the print.
The analyst commented, "Strong FQ1 result driven by broad... More
November 17, 2022 4:22 PM EST
Palo Alto Networks (NASDAQ: PANW) shares rose in after-hours trading Thursday on the back of its fiscal first-quarter earnings, which topped analyst consensus expectations.
The cybersecurity company reported an adjusted net income of $266.4 million, or $0.83 per share, compared with an adjusted net income of $170.3 million,... More
November 17, 2022 4:07 PM EST
Palo Alto Networks® (NASDAQ: PANW), the global cybersecurity leader, announced that it has signed a definitive agreement to acquire Cider Security (Cider), a pioneer in application security (AppSec) and software supply chain security. The proposed acquisition supports Palo Alto Networks Prisma® Cloud's platform approach to securing the entire application security lifecycle from code to cloud. Combined with its... More
