Palo Alto Networks Reports Fiscal Third Quarter 2016 Financial Results

Piper Jaffray Remains Bullish on Palo Alto Networks (PANW) Following 3Q - PT to $167

Piper Jaffray maintained an Overweight rating on Palo Alto Networks (NYSE: PANW), and cut the price target to $167.00 (from $180.00), following the company's 3Q earnings report. Palo Alto reported revenue of $345.8M (cons $339.9M), which exceeded the high-end of guidance by 2.0%. EPS of $0.42 (cons $0.42)... More

Piper Jaffray Remains Bullish on Palo Alto Networks (PANW) Following 3Q - PT to $167

Piper Jaffray maintained an Overweight rating on Palo Alto Networks (NYSE: PANW), and cut the price target to $167.00 (from $180.00), following the company's 3Q earnings report. Palo Alto reported revenue of $345.8M (cons $339.9M), which exceeded the high-end of guidance by 2.0%. EPS of $0.42 (cons $0.42)... More

Palo Alto Networks (PANW) After Hours Drop is a Buying Opportunity - Oppenheimer

Oppenheimer analyst, Shaul Eyal, noted that Palo Alto Networks (NYSE: PANW) reported in-line F3Q results and provided guidance estimates slightly below consensus in light of macroeconomic issues (China & Brazil). The company reported solid F3Q revenues of $345.8M (up 63.1% YoY) beating the Street's $339.9M driven by strength in subscription services revenue. Similar to other security vendors, PANW is seeing a strong trend in... More

Needham & Company Downgrades Palo Alto Networks (PANW) to Hold

Needham & Company downgraded Palo Alto Networks (NYSE: PANW) from Buy to Hold following Q3 results on valuation.

Analyst Scott Zeller commented, "PANW's F3Q16(Apr) was a solid beat on revenue and billings, yet the outlook for F4Q(July) was disappointing and... More

Baird Remains Bullish on Palo Alto Networks (PANW) Following Solid 3Q and In-Line Guidance

Baird maintained an Outperform rating and $180.00 price target on Palo Alto Networks (NYSE: PANW) following the company's 3Q earnings report. PANW reported revenueand non-GAAP EPS of $346 million and $0.42, slightly above consensus estimates of $340 million/$0.42. Management guided revenue to $386-$390 million, compared to consensus of $389... More

Deutsche Bank Downgrades Palo Alto Networks (PANW) to Hold

Deutsche Bank downgraded Palo Alto Networks (NYSE: PANW) from Buy to Hold with a price target of $150.00 (from $210.00). The change follows "mixed" Q3 results.

Analyst Karl Keirstead said, "To date, PANW has powered through the macro demand pressure that other... More