Palo Alto Networks (PANW) PT Raised to $370 at Barclays

Palo Alto Networks (PANW) PT Raised to $400 at BofA Securities

BofA Securities analyst Tal Liani raised the price target on Palo Alto Networks (NASDAQ: PANW) to $400.00 (from $370.00) while maintaining a Neutral rating.

The analyst comments "4Q24 results were strong with NGS ARR growth of 42.8% YoY, as well as solid margins and FCF... More

Palo Alto Networks (PANW) PT Raised to $400 at FBN Securities

FBN Securities analyst Shebly Seyrafi raised the price target on Palo Alto Networks (NASDAQ: PANW) to $400.00 (from $350.00) while maintaining a Outperform rating.

The analyst comments "We retain our Outperform rating on PANW and raise our PT from $350 to $400 following better than expected FQ4 results in which RPO grew by... More

Palo Alto Networks (PANW) PT Raised to $400 at Wedbush

Wedbush analyst Daniel Ives raised the price target on Palo Alto Networks (NASDAQ: PANW) to $400.00 (from $375.00) while maintaining a Outperform rating.

The analyst comments "We continue to believe the platform approach in cyber security is the right long-term move for PANW and... More

Palo Alto Networks (PANW) PT Raised to $410 at RBC Capital

RBC Capital analyst Matthew Hedberg raised the price target on Palo Alto Networks (NASDAQ: PANW) to $410.00 (from $390.00) while maintaining a Outperform rating.

The analyst comments "We thought the quarter represented a strong finish to the FY with momentum building into FY/25. We liked hearing... More

Palo Alto Networks (PANW) PT Raised to $400 at Cantor Fitzgerald

Cantor Fitzgerald analyst Jonathan Ruykhaver raised the price target on Palo Alto Networks (NASDAQ: PANW) to $400.00 (from $350.00) while maintaining a Overweight rating.

The analyst comments "Investment Summary. We reiterate our Overweight rating and raise our price target to $400 from $350 on a strong finish to FY2024. Palo Alto Networks delivered a solid finish to the year end on revenue exceeding FactSet consensus... More

Stocks expected to have increasing option volume: PANW EL LOW MDT ALC TOL VIPS

Stocks expected to have increasing option volume: PANW EL LOW MDT ALC TOL VIPS

Palo Alto Networks (PANW) PT Raised to $399 at Bernstein SocGen Group

Bernstein SocGen Group analyst Peter Weed raised the price target on Palo Alto Networks (NASDAQ: PANW) to $399.00 (from $364.00) while maintaining a Outperform rating.

The analyst comments "Palo Alto Networks closed out its FY24 with a FQ4 with another accelerating revenue beat to +1.4%... More

Powell's speech, rising US futures, Paramount Global - what's moving markets

Investing.com -- Wall Street looks set to continue its winning streak, helped by substantial inflows, amid optimism that Fed Chair Jerome Powell will point to interest rate cuts ahead at the Jackson Hole symposium at the end of the week.     . 

Confidence is returning to Wall Street as investors prepare for what are expected to be largely dovish comments from Fed Chair Jerome Powell at the U.S. central banks annual economic symposium in Jackson Hole,... More

Palo Alto Networks (PANW) PT Raised to $330 at Piper Sandler

Piper Sandler analyst Rob Owens raised the price target on Palo Alto Networks (NASDAQ: PANW) to $330.00 (from $300.00) while maintaining a Neutral rating.

The analyst comments "Platformization momentum accelerated to end F'24, with the number of platformization deals up 50%+ in 4Q. This... More

Palo Alto Networks (PANW) PT Raised to $395 at Deutsche Bank

Deutsche Bank analyst Brad Zelnick raised the price target on Palo Alto Networks (NASDAQ: PANW) to $395.00 (from $330.00) while maintaining a Buy rating.

The analyst comments "Despite some concerns around the July 19 CrowdStrike outage hampering consolidation forces within cyber, 'platformization' is winning the day for PANW with multiple customer success stories and supporting metrics including 90 new such deals in F4Q up from 65 in F3Q. The company boasts well over 1,000 'platformized' customers amongst their largest 5,000, along with healthy expansion rates and rising interest and activity among senior level customer execs. We believe... More

BofA Securities Reiterates Neutral Rating on Palo Alto Networks (PANW)

BofA Securities analyst Tal Liani reiterated a Neutral rating and $370.00 price target on Palo Alto Networks (NASDAQ: PANW).

The analyst comments "Palo Alto Networks reported a strong quarter with NGS ARR up ~43% YoY vs. Streets 38.1%, fueled by progress across all next-generation security... More

Goldman Sachs Reiterates Buy Rating on Palo Alto Networks (PANW)

Goldman Sachs analyst Gabriela Borges reiterated a Buy rating and $376.00 price target on Palo Alto Networks (NASDAQ: PANW)

The analyst comments "Palo Alto reported an overall solid quarter: 4QFY (July) revenue was 1% above the Street and EPS 7% above (FactSet). FY25 guidance is for RPO growth of... More

Wolfe Research Reiterates Outperform Rating on Palo Alto Networks (PANW)

Wolfe Research analyst Joshua Tilton reiterated an Outperform rating and $385.00 price target on Palo Alto Networks (NASDAQ: PANW).

The analyst comments "Revenue and NGS ARR stood out, growing 12% and 43% Y/Y, and coming in 1.3% and 3.7% ahead of consensus, respectively. Total Billings... More

Palo Alto Networks (PANW) PT Raised to $390 at BMO Capital

BMO Capital analyst Keith Bachman raised the price target on Palo Alto Networks (NASDAQ: PANW) to $390.00 (from $334.00) while maintaining a Outperform rating.

The analyst comments "We are not surprised that PANW is moving away from offering billings guidance, and we... More

Mizuho Reiterates Outperform Rating on Palo Alto Networks (PANW)

Mizuho analyst Gregg Moskowitz reiterated an Outperform rating and $380.00 price target on Palo Alto Networks (NASDAQ: PANW).

The analyst comments "PANW reported a very good close to its fiscal year, as F4Q revenue growth upside was more than usual, while... More

Guggenheim Reiterates Neutral Rating on Palo Alto Networks (PANW)

Guggenheim analyst John DiFucci reiterated a Neutral rating on Palo Alto Networks (NASDAQ: PANW).

The analyst comments "Key Message: Palo Alto Networks reported decent F4Q24 results with revenue and cash flow largely in line to a bit above consensus estimates, while NGS ARR and EPS were better. Importantly, our calculation of Total New ARR grew modestly (+2%) after three consecutive quarters of decline, though it was against an easier comp. Included in Total New ARR are: NGS components included in Product, Subscription, and Support, along with current... More

Palo Alto Networks (PANW) PT Raised to $387 at JPMorgan

JPMorgan analyst Brian Essex raised the price target on Palo Alto Networks (NASDAQ: PANW) to $387.00 (from $365.00) while maintaining a Overweight rating.

The analyst comments "Healthy 4Q results with guidance better than expected. Results for 4Q were solid overall as Palo Alto delivered better than expected Next Gen ARR, revenue, operating margin, and non-GAAP EPS. Ending the year with a FCF margin of nearly 39% was also a notable positive. Guidance for FY25 RPO growth was a bit light, but FY25 guidance for Next Gen ARR,... More

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

Jefferies analyst Joseph Gallo raised the price target on Palo Alto Networks (NASDAQ: PANW) to $400.00 (from $365.00) while maintaining a Buy rating.

The analyst comments "F4Q billings grew 11% yoy vs Cons 9%. While the shifting of metrics muddies guidance (RPO impacted by... More

Palo Alto Networks (PANW) PT Raised to $395 at Evercore ISI

Evercore ISI analyst Peter Levine raised the price target on Palo Alto Networks (NASDAQ: PANW) to $395.00 (from $385.00) while maintaining a Outperform rating.

The analyst comments "PANW delivered a strong quarter and provided an outlook that met expectations. The core of our Tactical Underperform (here) was the lack of confidence going into the print given all the moving pieces, and although the guidance wasnt one for the record books, it was good enough. As expected, mgmt will be transitioning away from providing a billings guide but gave us an FY25 target of... More

Palo Alto Networks (PANW) PT Raised to $395 at Citi

Citi analyst Fatima Boolani raised the price target on Palo Alto Networks (NASDAQ: PANW) to $395.00 (from $385.00) while maintaining a Buy rating.

The analyst comments "Against elevated expectations shares, valuation near all-time highs PANW delivered an even-keeled print. NGS ARR (43% YoY, $4B+ scale +5pts... More

Palo Alto Networks (PANW) PT Raised to $415 at DA Davidson

DA Davidson analyst Rudy Kessinger raised the price target on Palo Alto Networks (NASDAQ: PANW) to $415.00 (from $380.00) while maintaining a Buy rating.

The analyst comments "FQ4 results were nicely ahead on almost all metrics, including Billings. Net New NGS ARR of... More

Palo Alto Networks (PANW) PT Raised to $395 at BTIG

BTIG analyst Gray Powerll raised the price target on Palo Alto Networks (NASDAQ: PANW) to $395.00 (from $366.00) while maintaining a Buy rating.

The analyst comments "PANW posted strong FQ424 results and the initial outlook for FY25 was broadly in-line with expectations across key metrics. Most notably, PANW posted billings growth of 10.8% y/y in Q424 ahead of... More

Palo Alto Networks (PANW) PT Raised to $400 at KeyBanc

(Updated - August 20, 2024 8:21 AM EDT)

KeyBanc analyst Eric Heath raised the price target on Palo Alto Networks (NASDAQ: PANW) to $400.00 (from $380.00) while maintaining a Overweight rating.

The analyst commented, "Reiterate Overweight following a solid, if fairly in-line, F4Q... More

After-hours movers: Palo Alto Networks, Titan Pharma, Fabrinet

After-Hours Stock Movers:

Palo Alto Networks (NASDAQ: PANW) shares were choppy after the cybersecurity firm reported strong results for its fourth quarter, along with solid guidance. Total revenue for the fiscal fourth quarter 2024 grew 12% year over year to $2.2... More

Palo Alto Networks reports positive after fiscal q4 results top estimates

Investing.com --  Palo Alto Networks reported upbeat guidance Monday after reporting fiscal fourth-quarter results that topped Wall Street on increased deal making underpinned by growing cybersecurity demand.

Palo Alto Networks Inc (NASDAQ: PANW) was up more than 4% in afterhours trading following the... More

Palo Alto Networks (PANW) Adds $500M to Buyback Program

Palo Alto Networks' (NASDAQ: PANW) board of directors authorized an additional $500 million for share repurchases, increasing the remaining authorization for future share repurchases to $1 billion, expiring December 31, 2025

Palo Alto forecasts annual results above estimates on cybersecurity demand

By Jaspreet Singh

(Reuters) - Palo Alto Networks forecast fiscal 2025 revenue and profit above Wall Street estimates on Monday, a sign of growing demand for its cybersecurity products as the digital threat landscape evolves.

Its shares rose about 2% in extended trading, as the company announced an additional $500 million for share repurchases. They dipped briefly during the post-earnings call after CEO Nikesh Arora said the recent global IT outage... More

Palo Alto Networks (PANW) Tops Q4 EPS by 10c, Offers Guidance

Palo Alto Networks (NASDAQ: PANW) reported Q4 EPS of $1.51, $0.10 better than the analyst estimate of $1.41. Revenue for the quarter came in at $2.2 billion versus the consensus estimate of $2.16 billion.

GUIDANCE:

Palo Alto Networks sees Q1 2025 EPS of $1.47-$1.49, versus the... More

Palo Alto Networks (PANW) call put ratio 1.4 calls to 1 put with focus on August 340 calls into quarter results

Palo Alto Networks (NASDAQ: PANW) August 23 weekly call option implied volatility is at 107, September is at 52; compared to its 52-week range of 25 to 60 into the expected release of quarter results today after the bell. Call put ratio 1.4 calls to 1 put with focus on August 340 calls.

Dow Jones, Nasdaq, S&P 500 weekly preview: Powell's Jackson Hole speech in focus

U.S. stocks climbed on Friday, capping off the strongest week of 2024, as the market rebounded from the sharp downturn seen earlier in August.

The S&P 500 edged up 0.2% to 5,554.25, while the Nasdaq Composite rose 0.21% to 17,631.72. The Dow Jones Industrial Average also gained 96 points, or 0.24%, to close at 40,659.76.

For the week, the S&P 500 surged nearly 3.9%, marking its best performance since November 2023. The Nasdaq advanced 5.2%, and the Dow added 2.9%.

Last week's rally has brought the S&P 500 within 2% of its mid-July record high. Positive data, including stronger-than-expected retail sales and a drop in weekly... More

SLB (SLB) and Palo Alto Networks (PANW) Expand Collaboration to Strengthen Cybersecurity for the Energy Sector

Global energy technology company SLB (NYSE: SLB) and global cybersecurity leader Palo Alto Networks (NASDAQ: PANW) today announced they are expanding their collaboration to strengthen cybersecurity for the energy sector.

The companies will combine SLB's cloud and edge technologies and domain expertise in the energy industry with Palo Alto Networks cross-industry,... More

US stock futures largely unchanged; Jackson Hole, Fed minutes in focus

Investing.com -- U.S. stock futures traded in listless manner Monday, consolidating after the previous weeks gains as investors await more clues over future Federal Reserve monetary policy. 

By 06:35 ET (10:35 GMT), the Dow Futures contract was up 10 points, or 0.1%, S&P 500 Futures traded 2 points, or 0.1%, higher and Nasdaq 100 Futures dropped 4 points, or 0.1%.

The main Wall Street indices just recorded their best week of the year as recent positive data relieved worries over the prospect of a recession.

The broad-based S&P 500 gained 3.9% for its best week... More

Palo Alto Networks (PANW) PT Raised to $345 at Rosenblatt

Rosenblatt analyst Catherine Trebnick raised the price target on Palo Alto Networks (NASDAQ: PANW) to $345.00 (from $300.00) while maintaining a Neutral rating.

The analyst comments "Palo Alto Networks is set to report its 4Q/FY24 results on Monday, 08/19 after the close, followed by a conference call at 4:30 pm ET. Our current Q4 estimates remain unchanged. We anticipate a solid... More

Jackson Hole, US recession, DNC - what's moving markets

Investing.com -- The main Wall Street indices look set to start the new week in a consolidatory mood after the previous week's strong gains, as investors await the release of the minutes from the last Federal Reserve meeting as well as the widely-anticipated Jackson Hole symposium. The four-day Democratic National Convention also starts this week.

The weeks key event will be the Federal Reserves annual economic symposium in Jackson Hole, Wyoming, starting on Friday, with investors seeking more clues... More

Palo Alto Networks (PANW) August 23 weekly 335 straddle priced into quarter results

Palo Alto Networks (NASDAQ: PANW) August 23 weekly 335 straddle priced for a move of 10% into the expected release of quarter results today after the bell.

Palo Alto Networks (PANW) call put ratio 1.1 calls to 1 put into quarter results

Palo Alto Networks (NASDAQ: PANW) August 23 weekly call option implied volatility is at 87, September is at 50; compared to its 52-week range of 25 to 60 into the expected release of quarter results after the bell on August 19. Call put ratio 1.1 calls to 1 put with focus on August 335 calls.

Midday movers: H&R Block, Maravai LifeSciences rise; Applied Materials falls

(Updated - August 16, 2024 12:00 PM EDT)

Investing.com -- U.S. stock futures were unchanged Friday, consolidating recent gains after healthy economic data eased concerns of an imminent recession.

Here are some of the biggest U.S. stock movers today:

Ford (NYSE: F) stock fell 0.6% after the National Highway Traffic Safety Administration stated that the auto giant is recalling about 85,000 Explorer SUVs equipped with the Police... More

Palo Alto Networks (PANW) PT Raised to $375 at Baird

(Updated - August 16, 2024 6:34 AM EDT)

Baird analyst Shrenik Kothari raised the price target on Palo Alto Networks (NASDAQ: PANW) to $375.00 (from $360.00) while maintaining a Outperform rating.

The analyst commented: "PANW reports 4Q'24 results on Monday (8/19), with investors focusing on RPO/FCF... More

Palo Alto Networks (PANW) August weekly 345 straddle priced into quarter results

Palo Alto Networks (NASDAQ: PANW) August weekly 345 straddle priced for a move of 10% into the expected release of quarter results after the bell on August 19.

Palo Alto Networks (PANW) Added To Evercore ISI's Tactical Underperform List

Evercore ISI analyst Peter Levine reiterated an Outperform rating and $385.00 price target on Palo Alto Networks (NASDAQ: PANW).

The analyst said: "Ahead of F4Q results, we are issuing a tactical U/P following our quarterly partner survey. While the data shows... More