Palo Alto Networks (PANW) PT Lifted to $170 at Piper Jaffray Following Solid Q4
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Palo Alto Networks Reports Fiscal Fourth Quarter and Fiscal Year 2016 Financial Results
August 30, 2016 4:03 PM EDTSANTA CLARA, Calif., Aug. 30, 2016 /PRNewswire/ -- Palo Alto Networks® (NYSE: PANW), the next-generation security company, today announced financial results for its fiscal fourth quarter and fiscal year 2016 ended July 31, 2016.
Total revenue for the fiscal fourth quarter 2016 grew 41 percent year over year to a record $400.8 million, compared with total revenue of $283.9 million for the fiscal fourth quarter 2015. GAAP net loss for the fiscal fourth quarter 2016 was $54.5 million, or $0.61 per diluted share, compared with GAAP net loss of $46.0 million, or $0.55 per diluted share, for the fiscal fourth quarter 2015.
Non-GAAP net income for... More
