Form 10-Q Palo Alto Networks Inc For: Apr 30
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Palo Alto Networks (PANW) PT Raised to $285 at Macquarie
May 21, 2024 10:40 AM EDTMacquarie analyst Sarah Hindlian-Bowler raised the price target on Palo Alto Networks (NASDAQ: PANW) to $285.00 (from $270.00) while maintaining a Neutral rating.
The analyst comments "Palo reported a generally in-line FQ3'24, with total revenue of $1.98bn vs. consensus of $1.97bn and billings of $2.33bn vs. consensus of $2.34bn. EPS of $1.32 beat vs. consensus of $1.25. RPO... More
Palo Alto Networks (PANW) PT Raised to $350 at FBN Securities
May 21, 2024 8:42 AM EDTFBN Securities analyst Shebly Seyrafi raised the price target on Palo Alto Networks (NASDAQ: PANW) to $350.00 (from $310.00) while maintaining a Outperform rating.
The analyst comments "We retain our Outperform rating on PANW and raise our PT from $310 to $350 following its FQ3 report in which revenue grew by 15% Y/Y (and came in 1% above consensus), billings grew by 3% Y/Y (in line with consensus), and NG EPS of $1.32 came in seven cents above consensus of $1.25. Shares are looking to exhibit weakness today as billings of $2.33B just met consensus and... More
Palo Alto Networks (PANW) PT Raised to $345 at Citi, 'We Said It’d Be Bumpy'
May 21, 2024 7:08 AM EDTCiti analyst Fatima Boolani raised the price target on Palo Alto Networks (NASDAQ: PANW) to $345.00 (from $335.00) while maintaining a Buy rating.
The analyst comments "Expectations ran-up significantly into results (>10% MTD), but the easy setup on the back of large deal upswing (well-telegraphed 9-fig... More
Rosenblatt Reiterates Neutral Rating on Palo Alto Networks (PANW)
May 21, 2024 6:47 AM EDTRosenblatt analyst Catherine Trebnick reiterated a Neutral rating and $300.00 price target on Palo Alto Networks (NASDAQ: PANW).
The analyst comments "Despite positive momentum in Q3 results, including a 40% Q/Q increase in platformization deals, 50% Y/Y NGS ARR growth, 23%... More
Wedbush Reiterates Outperform Rating on Palo Alto Networks (PANW)
May 21, 2024 6:44 AM EDTWedbush analyst Daniel Ives reiterated an Outperform rating and $375.00 price target on Palo Alto Networks (NASDAQ: PANW)
The analyst comments "Total revenues came in at $1.98 billion, coming in just above the Streets $1.97 billion estimate with RPO growing 23% y/y to $11.3 billion as... More
Goldman Sachs Reiterates Buy Rating on Palo Alto Networks (PANW)
May 21, 2024 6:41 AM EDTGoldman Sachs analyst Gabriela Borges reiterated a Buy rating and $310.00 price target on Palo Alto Networks (NASDAQ: PANW).
The analyst comments "PANW is indicated down 8%. 3QFY billings was in line, while revenue and EPS was 1%/5% ahead of the Street (FactSet). 4QFY... More
Deutsche Bank Reiterates Buy Rating on Palo Alto Networks (PANW)
May 21, 2024 6:37 AM EDTDeutsche Bank analyst Brad Zelnick reiterated a Buy rating and $330.00 price target on Palo Alto Networks (NASDAQ: PANW).
The analyst comments "We maintain our Buy rating post F3Q results that were largely in line with consensus expectations, though shy on... More
JPMorgan Reiterates Overweight Rating on Palo Alto Networks (PANW)
May 21, 2024 6:36 AM EDTJPMorgan analyst Brian Essex reiterated an Overweight rating and $340.00 price target on Palo Alto Networks (NASDAQ: PANW)
The analyst comments "Training investors to look past billings weakness could take a bit of time. PANW stock traded off over 8% after hours as billings was relatively in-line with sellside expectations but fell below investor expectations. In our view, the magnitude of last quarters $600mm cut to billings guidance likely gave investors the impression the company was setting expectations at more conservative levels, leading to anticipation of a healthy billings beat in the quarter. The... More
Cantor Fitzgerald Reiterates Overweight Rating on Palo Alto Networks (PANW)
May 21, 2024 6:32 AM EDTCantor Fitzgerald analyst Jonathan Ruykhaver reiterated an Overweight rating and $350.00 price target on Palo Alto Networks (NASDAQ: PANW).
The analyst comments "We reiterate our Overweight rating and maintain our price target at $350 post the F3Q24 results update. Palo Alto Networks delivered a "met expectations" quarter on revenue in line with FactSet consensus (+90 bps vs. consensus), billings (inline), and free cash flow (FCF) (+19.3% vs. consensus). The results were in line with our expectations coming into the quarter, see our... More
Jefferies Reiterates Buy Rating on Palo Alto Networks (PANW)
May 21, 2024 6:18 AM EDTJefferies analyst Joseph Gallo reiterated a Buy rating and $365.00 price target on Palo Alto Networks (NASDAQ: PANW).
The analyst comments "F3Q billings grew 3% yoy in-line with guidance but below elevated expectations. Normalized results were worse when considering fed traction & one large deal... More
